APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Nov 29, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-11-28

Reporting Person: PURSER BILL L (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-28	Common Stock	M	10000	$7.922	Acquired	87531.00	Direct
2006-11-28	Common Stock	S	200	$27.920	Disposed	87331.00	Direct
2006-11-28	Common Stock	S	200	$28.290	Disposed	77531.00	Direct
2006-11-28	Common Stock	S	200	$27.930	Disposed	87131.00	Direct
2006-11-28	Common Stock	S	400	$27.940	Disposed	86731.00	Direct
2006-11-28	Common Stock	S	700	$27.950	Disposed	86031.00	Direct
2006-11-28	Common Stock	S	600	$27.960	Disposed	85431.00	Direct
2006-11-28	Common Stock	S	900	$27.970	Disposed	84531.00	Direct
2006-11-28	Common Stock	S	400	$27.980	Disposed	84131.00	Direct
2006-11-28	Common Stock	S	400	$27.990	Disposed	83731.00	Direct
2006-11-28	Common Stock	S	600	$28.000	Disposed	83131.00	Direct
2006-11-28	Common Stock	S	200	$28.020	Disposed	82931.00	Direct
2006-11-28	Common Stock	S	600	$28.050	Disposed	82331.00	Direct
2006-11-28	Common Stock	S	200	$28.080	Disposed	82131.00	Direct
2006-11-28	Common Stock	S	700	$28.100	Disposed	81431.00	Direct
2006-11-28	Common Stock	S	400	$28.120	Disposed	81031.00	Direct
2006-11-28	Common Stock	S	300	$28.130	Disposed	80731.00	Direct
2006-11-28	Common Stock	S	1300	$28.140	Disposed	79431.00	Direct
2006-11-28	Common Stock	S	400	$28.150	Disposed	79031.00	Direct
2006-11-28	Common Stock	S	400	$28.160	Disposed	78631.00	Direct
2006-11-28	Common Stock	S	100	$28.170	Disposed	78531.00	Direct
2006-11-28	Common Stock	S	100	$28.180	Disposed	78431.00	Direct
2006-11-28	Common Stock	S	100	$28.230	Disposed	78331.00	Direct
2006-11-28	Common Stock	S	300	$28.240	Disposed	78031.00	Direct
2006-11-28	Common Stock	S	200	$28.250	Disposed	77831.00	Direct
2006-11-28	Common Stock	S	100	$28.270	Disposed	77731.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-28	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.