CARPENTER TECHNOLOGY CORP — Director's Dealing 2006

Feb 17, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2006-02-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-29	Common Stock	G	7200	—	Disposed	810100	Indirect
2005-12-29	Common Stock	G	7200	—	Acquired	7200	Indirect
2006-02-15	Common Stock	S	1700	$80.7149	Disposed	5500	Indirect
2006-02-16	Common Stock	S	3000	$80.134	Disposed	2500	Indirect
2006-02-15	Common Stock	S	72100	$80.7149	Disposed	402670	Indirect
2006-02-16	Common Stock	S	123200	$80.134	Disposed	279470	Indirect
2006-02-15	Common Stock	S	3500	$80.7149	Disposed	30922	Indirect
2006-02-16	Common Stock	S	5900	$80.134	Disposed	25022	Indirect
2006-02-15	Common Stock	S	3500	$80.7149	Disposed	30922	Indirect
2006-02-16	Common Stock	S	5900	$80.134	Disposed	25022	Indirect

Footnotes

F1: On December 29, 2005, the Ada E. Rossin Revocable Trust dated 9/17/2003, Ada E. Rossin, Co-Trustee, gifted 7200 shares of the Issuer's common stock to the 1989 Ada E. Rossin CRUT, Ada E. Rossin, Trustee.

F2: Indirect ownership as Co-Trustee of the Ada E. Rossin Revocable Trust dated 9/17/2003.

F3: Indirect ownership as Trustee of the 1989 Ada E. Rossin Charitable Remainder Unitrust

F4: Average trading price for shares sold; Price range of trades $80.00 to $81.75.

F5: Average trading price for shares sold; Price range of trades $80.00 to $80.61.

F6: Indirect ownership as Trustee of the Ada E. Rossin QTIP Trust dated 9/1/1998.

F7: The sale of these shares is also being reported on a Form 4 filed by Peter N. Stephans, a Director of the Issuer.

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.