CARPENTER TECHNOLOGY CORP — Director's Dealing 2008

Feb 5, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2008-02-04

Reporting Person: ANDERSON PHILIP M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-04	Common Stock	P	100	$62.4334	Acquired	100	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$60.115	2017-05-01	Common Stock (4000)	4000	Direct
Stock Option (Right to Buy)	$63.535	2017-10-15	Common Stock (3614)	3614	Direct
Stock Units	$		Common Stock (1051.5037)	1051.5037	Direct

Footnotes

F1: 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.

F2: 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.

F3: Converts to common stock on a 1-for-1 basis

F4: Payable upon retirement