CARPENTER TECHNOLOGY CORP — Director's Dealing 2006

Jul 28, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2006-07-26

Reporting Person: SHOR MICHAEL L (Sr. VP-Engineered Products Op.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-07-26	Common Stock	A	6000	—	Acquired	31884.95	Direct

Footnotes

F1: The reporting person was granted a performance-based restricted stock award with an effective grant date of June 30, 2006, based on financial results for the fiscal year ended June 30, 2006. The financial results were confirmed and approved on July 25, 2006, by the Audit/Finance Committee of Carpenter's Board of Directors and, on July 26, 2006, the Compensation Subcommittee of the Human Resources Committee of Carpenter's Board of Directors certified the achievement of the performance targets based on the approved financial results.

F2: Includes shares acquired under the Carpenter Technology Corporation Dividend Reinvestment Program.