CARPENTER TECHNOLOGY CORP — Director's Dealing 2007

Nov 13, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2007-11-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-08	Common Stock	S	3265	$141.362	Disposed	23738.21	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	365.346	Indirect

Footnotes

F1: Includes shares acquired under the Carpenter Technology Corporation Dividend Reinvestment Program.

F2: 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.