CARPENTER TECHNOLOGY CORP — Director's Dealing 2008

Sep 12, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2008-09-10

Reporting Person: TURNER KATHRYN C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-09-10	Common Stock	M	700	$17.7815	Acquired	4264.457	Direct
2008-09-10	Common Stock	S	700	$32.16	Disposed	3564.457	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-09-10	Director Stock Option (Right to Buy)	$17.7815	M	700	Disposed	2008-10-27	Common Stock (700)	Direct

Footnotes

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

F2: The reporting person was granted an option to purchase stock as part of her director's compensation with an effective grant date of 10/27/1998.