APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Dec 19, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-12-18

Reporting Person: PURSER BILL L (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-18	Common Stock	M	10000	$7.922	Acquired	87531.00	Direct
2006-12-18	Common Stock	S	100	$26.900	Disposed	87431.00	Direct
2006-12-18	Common Stock	S	2000	$26.910	Disposed	85431.00	Direct
2006-12-18	Common Stock	S	400	$27.000	Disposed	85031.00	Direct
2006-12-18	Common Stock	S	100	$27.050	Disposed	84931.00	Direct
2006-12-18	Common Stock	S	1200	$27.060	Disposed	83731.00	Direct
2006-12-18	Common Stock	S	1000	$27.070	Disposed	82731.00	Direct
2006-12-18	Common Stock	S	800	$27.080	Disposed	81931.00	Direct
2006-12-18	Common Stock	S	2200	$27.090	Disposed	79731.00	Direct
2006-12-18	Common Stock	S	600	$27.110	Disposed	79131.00	Direct
2006-12-18	Common Stock	S	400	$27.120	Disposed	78731.00	Direct
2006-12-18	Common Stock	S	1200	$27.140	Disposed	77531.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-18	Employee Stock Option (Right to Buy)	$7.922	M	10000	Disposed	2011-08-09	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	43452.00	Indirect

Footnotes

F1: Option exercise and sale of shares pursuant to a trading plan (pursuant to SEC Rule 10b5-1) entered into as of 11/10/06.

F2: These options become exercisable in annual increments of 25% commencing one year after the date of grant.