UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Bennett, Marcus C.
Carpenter Technology Corporation
1047 North Park Road
Wyomissing, PA 19610-1339
U.S.A.
2. Issuer Name and Ticker or Trading Symbol
Carpenter Technology Corporation
CRS
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
June 1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
Director
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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Stock Option (Right to B|$35.56 |10/27|A |2,000(1) |A |10/27|10/27|Common Stock|2,000 | |2,000 |D | |
uy) | |/98 | | | |/99 |/08 | | | | | | |
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Stock Units |1-for-1 |10/26|A |281.2(2) |A |(2) |(2) |Common Stock|281.2 |$35.56 |497.89(3) |D | |
| |/98 | | | | | | | | | | | |
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Explanation of Responses:
(1) 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.
(2) Payable upon
retirement.
(3) Includes
dividends.
SIGNATURE OF REPORTING PERSON
/s/ Marcus C. Bennett
DATE
8/13/99
