CARPENTER TECHNOLOGY CORP — Director's Dealing 2007

May 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2007-05-01

Reporting Person: ANDERSON PHILIP M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-01	Director Stock Option (Right to Buy)	$120.23	A	2000	Acquired	2017-05-01	Common Stock (2000)	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 May 1, 2007.