CARPENTER TECHNOLOGY CORP — Director's Dealing 2008

Jul 2, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2008-06-27

Reporting Person: STEVENS ANNE (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-27	Common Stock	F	1651	$43.97	Disposed	35223	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	44.568	Indirect

Footnotes

F1: In connection with the vesting of previously reported restricted shares.

F2: The share balance reflects an increase in shares resulting from a 2-for-1 stock split in the form of a 100% stock dividend, with the distribution having been made on November 15, 2007.