APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Dec 18, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-12-14

Reporting Person: PURSER BILL L (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-14	Common Stock	M	10000	$7.922	Acquired	87531.00	Direct
2006-12-14	Common Stock	S	900	$27.670	Disposed	86631.00	Direct
2006-12-14	Common Stock	S	5200	$27.700	Disposed	81431.00	Direct
2006-12-14	Common Stock	S	900	$27.710	Disposed	80531.00	Direct
2006-12-14	Common Stock	S	600	$27.730	Disposed	79931.00	Direct
2006-12-14	Common Stock	S	400	$27.740	Disposed	79531.00	Direct
2006-12-14	Common Stock	S	600	$27.750	Disposed	78931.00	Direct
2006-12-14	Common Stock	S	1100	$27.760	Disposed	77831.00	Direct
2006-12-14	Common Stock	S	300	$27.800	Disposed	77531.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-14	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.