CARPENTER TECHNOLOGY CORP — Director's Dealing 2012

Dec 6, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2012-12-04

Reporting Person: STEPHANS PETER N (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-29	Common Stock	J	15921	—	Acquired	15921	Indirect
2012-12-04	Common Stock	S	15921	$48.06	Disposed	0	Indirect
2012-12-04	Common Stock	M	8000	$22.35	Acquired	46296	Direct
2012-12-04	Common Stock	M	2358	$17.29	Acquired	48654	Direct
2012-12-04	Common Stock	S	10358	$47.89	Disposed	38296	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-04	Director Stock Option (Right to Buy)	$22.35	M	8000	Disposed	2018-10-13	Common Stock (8000)	Direct
2012-12-04	Director Stock Option (Right to Buy)	$17.29	M	2358	Disposed	2019-07-09	Common Stock (2358)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	38296	Direct
Common Stock	38296	Indirect
Common Stock	19000	Indirect
Common Stock	7400	Indirect
Common Stock	7400	Indirect
Common Stock	38296	Indirect
Common Stock	19000	Indirect
Common Stock	7400	Indirect
Common Stock	7400	Indirect
Common Stock	38296	Indirect
Common Stock	19000	Indirect
Common Stock	7400	Indirect
Common Stock	7400	Indirect

Footnotes

F1: This transaction involved a gift of securities by Ada Rossin to the Rossin Foundation, of which the reporting person is a trustee. The reporting person disclaims beneficial ownership of these shares, and this report should not be deemed an admission that the reportring person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

F2: Disposition of shares from a charitable foundation, of which the reporting person is a trustee.

F3: The price reported is an average of the total transactions executed for the day, with the individual transactions ranging from a low of $47.86 per share to a high of $47.90 per share.

F4: These shares are held in the Peter N. Stephans Revocable Trust, dated March 15, 2004, Peter N. Stephans and Joan R. Stephans, Trustees

F5: These shares are held in the Joan R. Stephans Revocable Trust, dated March 15, 2004, Peter N. Stephans and Joan R. Stephans, Trustees

F6: These shares are held in a grantor retained annuity trust, created on December 18, 2009, PNC Bank, N.A., Trustee.

F7: 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.

F8: The reporting person was granted an option to buy shares of common stock under the Carpenter Technology Corporation Stock-Based Compensation Plan for Non-Employee Directors.