CARPENTER TECHNOLOGY CORP — Director's Dealing 2014

Mar 19, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARPENTER TECHNOLOGY CORP (CRS)
CIK: 0000017843
Period of Report: 2012-10-03

Reporting Person: KAROL STEVEN E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-03	Common Stock	J	103386	—	Disposed	564613	Indirect
2013-10-29	Common Stock	J	90954	—	Disposed	564613	Indirect
2014-03-17	Common Stock	J	144039	—	Disposed	420574	Indirect
2014-03-17	Common Stock	J	48461	—	Acquired	250876	Direct

Footnotes

F1: An affiliate of the reporting person conducted an in-kind distribution of its shares of common stock of the Issuer to persons and entities not affiliated with the reporting person.

F2: Reflects distributions to non-affiliates that were inadvertently not previously reported. These distributions were, however, reflected in the share balance of the reporting person's last form filed, which was based on the reporting person's records.

F3: On March 17, 2014, Watermill-Toolrock Enterprises LLC, Watermill-Toolrock Partners LP, and Watermill-Toolrock Partners II LP (collectively "the Watermill Funds") conducted an in-kind distribution of 150,102 of its shares of common stock of the Issuer to its respective members and partners (the "Watermill Distribution"). In the Watermill Distribution, i) persons and entities not affiliated with the reporting person received 95,578 shares of common stock, ii) the reporting person received 48,461 shares of common stock, and iii) affiliates of the reporting person received 6,063 shares of common stock.