CARPENTER TECHNOLOGY CORP — Director's Dealing 2009

Dec 29, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2009-12-23

Reporting Person: STEPHANS PETER N (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-20	Common Stock	G	635	$23.51	Disposed	38296	Direct
2009-11-20	Common Stock	G	635	$23.51	Disposed	38296	Indirect
2009-12-23	Common Stock	P	19000	$27.669	Acquired	57296	Direct
2009-12-23	Common Stock	G	19000	$27.669	Disposed	38296	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	19000	Indirect
Common Stock	7400	Indirect
Common Stock	7400	Indirect

Footnotes

F1: These shares are held in the Peter N. Stephans Revocable Trust, dated March 15, 2004, Peter N. Stephans and Joan R. Stephans, Trustees

F2: These shares are held in the Joan R. Stephans Revocable Trust, dated March 15, 2004, Peter N. Stephans and Joan R. Stephans, Trustees

F3: Includes shares held in the Peter N. Stephans Revocable Trust, dated March 15, 2004, Peter N. Stephans and Joan R. Stephans, Trustees

F4: These shares are held in a grantor retained annuity trust, created on December 18, 2009, PNC Bank, N.A., Trustee.

F5: These shares are held in the Irrevocable Deed of Trust of Peter C. Rossin and Ada E. Rossin, dated July 12, 1989, Ada E. Rossin and Joan Elizabeth Rossin Stephans, Trustees, for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16, or for any other purpose.