Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* STEPHANS PETER N	2. Issuer Name and Ticker or Trading Symbol CARPENTER TECHNOLOGY CORP [ CRS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle) CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662	3. Date of Earliest Transaction (MM/DD/YYYY) 12/4/2012
(Street) READING, PA 19612-4662 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/29/2012		J	V	15921	A	⁽¹⁾	15921	I	Trustee of Charitable Foundation
Common Stock	12/4/2012		S		15921 ⁽²⁾	D	$48.06	0	I	Trustee of Charitable Foundation
Common Stock								38296	D
Common Stock								38296	I	By spouse in trust
Common Stock								19000	I	By Grantor Retained Annuity Trust
Common Stock								7400	I	Spouse of Trustee
Common Stock								7400	I	Spouse of Trustee
Common Stock	12/4/2012		M		8000	A	$22.35	46296	D
Common Stock	12/4/2012		M		2358	A	$17.29	48654	D
Common Stock								38296	I	By spouse in trust
Common Stock								19000	I	By Grantor Retained Annuity Trust
Common Stock								7400	I	Spouse of Trustee
Common Stock								7400	I	Spouse of Trustee
Common Stock	12/4/2012		S		10358	D	$47.89 ⁽³⁾	38296 ⁽⁴⁾	D
Common Stock								38296 ⁽⁵⁾	I	By spouse in trust
Common Stock								19000 ⁽⁶⁾	I	By Grantor Retained Annuity Trust
Common Stock								7400 ⁽⁷⁾	I	Spouse of Trustee
Common Stock								7400 ⁽⁷⁾	I	Spouse of Trustee

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Director Stock Option (Right to Buy)	$22.35	12/4/2012		M			8000	10/13/2009	10/13/2018	Common Stock	8000	⁽⁸⁾	0	D
Director Stock Option (Right to Buy)	$17.29	12/4/2012		M			2358	7/29/2010	7/9/2019	Common Stock	2358	⁽⁸⁾	0	D

Explanation of Responses:
( 1)	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.
( 2)	Disposition of shares from a charitable foundation, of which the reporting person is a trustee.
( 3)	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.
( 4)	These shares are held in the Peter N. Stephans Revocable Trust, dated March 15, 2004, Peter N. Stephans and Joan R. Stephans, Trustees
( 5)	These shares are held in the Joan R. Stephans Revocable Trust, dated March 15, 2004, Peter N. Stephans and Joan R. Stephans, Trustees
( 6)	These shares are held in a grantor retained annuity trust, created on December 18, 2009, PNC Bank, N.A., Trustee.
( 7)	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.
( 8)	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.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
STEPHANS PETER N CARPENTER TECHNOLOGY CORPORATION PO BOX 14662 READING, PA 19612-4662	X

Signatures
James D. Dee/POA		12/6/2012
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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