CARPENTER TECHNOLOGY CORP — Director's Dealing 2007

Oct 18, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2007-10-15

Reporting Person: WADSWORTH JEFFREY (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-15	Stock Option (Right to Buy)	$127.07	A	1807	Acquired	2017-10-15	Common Stock (1807)	Direct
2007-10-15	Stock Units	$	A	354.1355	Acquired		Common Stock (354.1355)	Direct

Footnotes

F1: The reporting person was granted an option to purchase stock as part of his director's compensation with an effective grant date of 10/15/2007.

F2: Converts to common stock on a 1-for-1 basis

F3: Payable upon retirement

F4: Includes dividend equivalents