APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Dec 5, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-12-04

Reporting Person: PURSER BILL L (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-04	Common Stock	M	10000	$7.922	Acquired	87531.00	Direct
2006-12-04	Common Stock	S	300	$27.940	Disposed	87231.00	Direct
2006-12-04	Common Stock	S	2200	$27.950	Disposed	85031.00	Direct
2006-12-04	Common Stock	S	100	$27.960	Disposed	84931.00	Direct
2006-12-04	Common Stock	S	300	$27.970	Disposed	84631.00	Direct
2006-12-04	Common Stock	S	300	$27.990	Disposed	84331.00	Direct
2006-12-04	Common Stock	S	200	$28.020	Disposed	84131.00	Direct
2006-12-04	Common Stock	S	200	$28.030	Disposed	83931.00	Direct
2006-12-04	Common Stock	S	100	$28.050	Disposed	83831.00	Direct
2006-12-04	Common Stock	S	200	$28.060	Disposed	83631.00	Direct
2006-12-04	Common Stock	S	200	$28.070	Disposed	83431.00	Direct
2006-12-04	Common Stock	S	400	$28.080	Disposed	83031.00	Direct
2006-12-04	Common Stock	S	600	$28.090	Disposed	82431.00	Direct
2006-12-04	Common Stock	S	600	$28.100	Disposed	81831.00	Direct
2006-12-04	Common Stock	S	100	$28.110	Disposed	81731.00	Direct
2006-12-04	Common Stock	S	200	$28.120	Disposed	81531.00	Direct
2006-12-04	Common Stock	S	200	$28.130	Disposed	81331.00	Direct
2006-12-04	Common Stock	S	100	$28.150	Disposed	81231.00	Direct
2006-12-04	Common Stock	S	200	$28.160	Disposed	81031.00	Direct
2006-12-04	Common Stock	S	200	$28.180	Disposed	80831.00	Direct
2006-12-04	Common Stock	S	400	$28.190	Disposed	80431.00	Direct
2006-12-04	Common Stock	S	500	$28.200	Disposed	79931.00	Direct
2006-12-04	Common Stock	S	300	$28.240	Disposed	79631.00	Direct
2006-12-04	Common Stock	S	1200	$28.250	Disposed	78431.00	Direct
2006-12-04	Common Stock	S	500	$28.260	Disposed	77931.00	Direct
2006-12-04	Common Stock	S	200	$28.280	Disposed	77731.00	Direct
2006-12-04	Common Stock	S	200	$28.300	Disposed	77531.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-04	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.