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CARPENTER TECHNOLOGY CORP Director's Dealing 2008

Jul 2, 2008

30520_dirs_2008-07-01_f7e5f4df-d078-427a-9225-a9ec2b50e66c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: HANLEY TERESA K (Sr VP Org. Effectiveness)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-06-27 Common Stock F 531 $43.97 Disposed 9939 Direct
2008-06-30 Common Stock A 4500 Acquired 14439 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-06-30 Employee Stock Option (Right to Buy) $43.65 A 4550 Acquired 2018-06-30 Common Stock (4550) Direct
2008-06-30 Employee Stock Option (Right to Buy) $43.65 A 4550 Acquired 2018-06-30 Common Stock (4550) Direct
2008-06-30 Employee Stock Option (Right to Buy) $43.65 A 4550 Acquired 2018-06-30 Common Stock (4550) Direct

Footnotes

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

F2: The reporting person was granted restricted stock under the Carpenter Technology Corporation Stock-Based Compensation Plan for Officers and Key Employees.

F3: 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.

F4: The reporting person was granted an option to buy shares of common stock under the Carpenter Technology Corporation Stock-Based Compensation Plan for Officers and Key Employees.