CARPENTER TECHNOLOGY CORP — Director's Dealing 2006

Aug 14, 2006

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2006-06-30

Reporting Person: VASQUEZ JAIME (VP and Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-31	Series A Convertible Preferred Stock Units	$0	A	24.16	Acquired		Common Stock (24.16)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6210.56	Direct
Common Stock	16.16	Indirect

Footnotes

F1: Includes shares acquired under the Savings Plan of Carpenter Technology Corporation. The share balance under the Savings Plan of Carpenter Technology fluctuates due to rounding differences produced by the Plan's method of estimating shares.

F2: Series A Convertible Preferred Stock units were allocated to Participants under the Carpenter Technology Corporation Employee Stock Ownership Plan. Units, which are convertible into shares of common stock, vest after the completion of five years of employment, subject to certain conditions.

F3: Includes dividend equivalents