APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Nov 20, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-11-17

Reporting Person: PURSER BILL L (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-17	Common Stock	M	10000	$7.922	Acquired	87531.00	Direct
2006-11-17	Common Stock	S	700	$29.060	Disposed	86831.00	Direct
2006-11-17	Common Stock	S	100	$29.070	Disposed	86731.00	Direct
2006-11-17	Common Stock	S	500	$29.100	Disposed	86231.00	Direct
2006-11-17	Common Stock	S	100	$29.110	Disposed	86131.00	Direct
2006-11-17	Common Stock	S	400	$29.120	Disposed	85731.00	Direct
2006-11-17	Common Stock	S	400	$29.140	Disposed	85331.00	Direct
2006-11-17	Common Stock	S	1000	$29.150	Disposed	84331.00	Direct
2006-11-17	Common Stock	S	700	$29.170	Disposed	83631.00	Direct
2006-11-17	Common Stock	S	200	$29.180	Disposed	83431.00	Direct
2006-11-17	Common Stock	S	600	$29.190	Disposed	82831.00	Direct
2006-11-17	Common Stock	S	100	$29.200	Disposed	82731.00	Direct
2006-11-17	Common Stock	S	100	$29.210	Disposed	82631.00	Direct
2006-11-17	Common Stock	S	100	$29.220	Disposed	82531.00	Direct
2006-11-17	Common Stock	S	200	$29.230	Disposed	82331.00	Direct
2006-11-17	Common Stock	S	200	$29.240	Disposed	82131.00	Direct
2006-11-17	Common Stock	S	500	$29.250	Disposed	81631.00	Direct
2006-11-17	Common Stock	S	100	$29.270	Disposed	81531.00	Direct
2006-11-17	Common Stock	S	1400	$29.320	Disposed	80131.00	Direct
2006-11-17	Common Stock	S	300	$29.330	Disposed	79831.00	Direct
2006-11-17	Common Stock	S	300	$29.340	Disposed	79531.00	Direct
2006-11-17	Common Stock	S	300	$29.360	Disposed	79231.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-17	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.