CARPENTER TECHNOLOGY CORP — Director's Dealing 2005

May 9, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2005-05-05

Reporting Person: ROSSIN ADA E (Right to nominate Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-05	Common Stock	S	31200	$56.1949	Disposed	841326	Indirect
2005-05-06	Common Stock	S	70000	$56.2032	Disposed	771326	Indirect
2005-05-09	Common Stock	S	4400	$56.0419	Disposed	766926	Indirect
2005-05-05	Common Stock	S	1800	$56.1949	Disposed	884685	Indirect
2005-05-06	Common Stock	S	4100	$56.2032	Disposed	880585	Indirect
2005-05-09	Common Stock	S	300	$56.0419	Disposed	880285	Indirect
2005-05-05	Common Stock	S	200	$56.1949	Disposed	960	Indirect
2005-05-06	Common Stock	S	400	$56.2032	Disposed	560	Indirect
2005-05-09	Common Stock	S	100	$56.0419	Disposed	460	Indirect
2005-05-05	Common Stock	S	300	$56.1949	Disposed	1925	Indirect
2005-05-06	Common Stock	S	800	$56.2032	Disposed	1125	Indirect
2005-05-09	Common Stock	S	100	$56.0419	Disposed	1025	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	54422	Indirect
Common Stock	54422	Indirect

Footnotes

F1: Average trading price for shares sold; Price range of trades $56.00 to $56.87.

F2: Indirect ownership as Trustee of the Ada E. Rossin QTIP Trust dated 9/1/1998.

F3: Average trading price for shares sold; Price range of trades $56.00 to $56.64.

F4: Average trading price for shares sold; Price range of trades $56.00 to $56.31.

F5: Indirect ownership as co-Trustee of the Ada E. Rossin Revocable Trust dated 9/17/2003.

F6: Indirect ownership as Trustee of the Ada E. Rossin Non-QTIP Trust created under Article 6th of the Will of Peter C. Rossin dated September 1, 1998.

F7: Indirect ownership as Executrix of the Peter C. Rossin estate.

F8: Indirect ownership as co-trustee of trusts created pursuant to an Irrevocable Deed of Trust dated July 12, 1989 (Peter C. and Ada E. Rossin, Grantors) for the benefit of E. L. Stephans. The reporting person disclaims beneficial ownership of these securities and the filing of this Form 4 is not an admission that the reporting person is the beneficial owner of these securities for the purposes of Section 16, or for any other purposes.

F9: Indirect ownership as co-trustee of trusts created pursuant to an Irrevocable Deed of Trust dated July 12, 1989 (Peter C. and Ada E. Rossin, Grantors) for the benefit of K. R. Stephans. The reporting person disclaims beneficial ownership of these securities and the filing of this Form 4 is not an admission that the reporting person is the beneficial owner of these securities for the purposes of Section 16, or for any other purposes.