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CARPENTER TECHNOLOGY CORP Director's Dealing 2008

Jun 19, 2008

30520_dirs_2008-06-19_d6e01fd9-a913-476b-87fc-b126bed9b7c7.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: 2008-06-17

Reporting Person: TURNER KATHRYN C (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-06-17 Common Stock M 2300 $17.7815 Acquired 5343.514 Direct
2008-06-17 Common Stock S 1500 $48.0193 Disposed 3843.514 Direct
2008-06-17 Common Stock S 298 $48.05 Disposed 3545.514 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-06-17 Director Stock Option (Right to Buy) $17.7815 M 2300 Disposed 2008-10-27 Common Stock (2300) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3019.188 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Director Stock Option (Right to Buy) $14.5315 2010-10-23 Common Stock (4000) 4000 Direct
Director Stock Option (Right to Buy) $12.795 2013-10-27 Common Stock (6000) 6000 Direct
Director Stock Option (Right to Buy) $53.87 2016-10-30 Common Stock (4000) 4000 Direct
Director Stock Option (Right to Buy) $63.535 2017-10-15 Common Stock (3614) 3614 Direct
Stock Units $ Common Stock (16261.22) 16261.22 Direct

Footnotes

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

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.

F3: The exercise price reflects the adjusted price resulting from a 2-for-1 stock split in the form of a 100% dividend, with the distribution having been made on November 15, 2007.

F4: 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.

F5: The balance reflects the increase in derivative securities resulting from a 2-for-1 stock split in the form of a 100% dividend, with the distribution having been made on November 15, 2007.

F6: Converts to common stock on a 1-for-1 basis

F7: Payable upon retirement

F8: Includes dividend equivalents