CARPENTER TECHNOLOGY CORP — Director's Dealing 2006

Dec 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2006-12-07

Reporting Person: TURNER KATHRYN C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-07	Common Stock	M	1000	$25.59	Acquired	2496.31	Direct
2006-12-07	Common Stock	S	1000	$112.29	Disposed	1496.31	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-07	Stock Option (Right to Buy)	$25.59	M	1000	Disposed	2013-10-27	Common Stock (1000)	Direct

Footnotes

F1: The reporting person was granted an option to purchase stock as part of her director's compensation with an effective grant date of 10/27/2003.