CARPENTER TECHNOLOGY CORP — Director's Dealing 2006

Jun 29, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2006-06-27

Reporting Person: FITZPATRICK J MICHAEL (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-06-27	Common Stock	M	2000	$50.375	Acquired	12605.115	Direct
2006-06-27	Common Stock	S	1279	$106.07	Disposed	11326.11	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-06-27	Director Stock Option (Right to Buy)	$50.375	M	2000	Disposed	2007-10-20	Common Stock (2000)	Direct

Footnotes

F1: Includes 7.175 shares acquired under the Carpenter Technology Corporation Dividend Reinvestment Program on 6/1/06 at a price of $117.0343 per share.

F2: The reporting person was granted an option to purchase stock as part of his director's compensation with an effective grant date of 10/20/1997.