APPLIED INDUSTRIAL TECHNOLOGIES INC - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-11-14

Reporting Person: PURSER BILL L (President & COO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-14	Common Stock	M	10000	$7.922	Acquired	87531.00	Direct
2006-11-14	Common Stock	S	400	$27.870	Disposed	87131.00	Direct
2006-11-14	Common Stock	S	600	$27.880	Disposed	86531.00	Direct
2006-11-14	Common Stock	S	100	$27.890	Disposed	86431.00	Direct
2006-11-14	Common Stock	S	600	$27.900	Disposed	85831.00	Direct
2006-11-14	Common Stock	S	200	$27.910	Disposed	85631.00	Direct
2006-11-14	Common Stock	S	100	$27.920	Disposed	85531.00	Direct
2006-11-14	Common Stock	S	100	$27.930	Disposed	85431.00	Direct
2006-11-14	Common Stock	S	700	$27.940	Disposed	84731.00	Direct
2006-11-14	Common Stock	S	300	$27.950	Disposed	84431.00	Direct
2006-11-14	Common Stock	S	800	$27.970	Disposed	83631.00	Direct
2006-11-14	Common Stock	S	1700	$27.980	Disposed	81931.00	Direct
2006-11-14	Common Stock	S	1100	$27.990	Disposed	80831.00	Direct
2006-11-14	Common Stock	S	1100	$28.000	Disposed	79731.00	Direct
2006-11-14	Common Stock	S	100	$28.020	Disposed	79631.00	Direct
2006-11-14	Common Stock	S	1500	$28.040	Disposed	78131.00	Direct
2006-11-14	Common Stock	S	200	$28.050	Disposed	77931.00	Direct
2006-11-14	Common Stock	S	200	$28.060	Disposed	77731.00	Direct
2006-11-14	Common Stock	S	200	$28.090	Disposed	77531.00	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-14	Employee Stock Option (Right to Buy)	$7.922	M	10000	Disposed	2011-08-09	Common Stock (10000)	Direct

Security	Shares	Ownership
Common Stock	43452.00	Indirect

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.