APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Nov 13, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-11-10

Reporting Person: PURSER BILL L (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-10	Common Stock	M	3750	$8.597	Acquired	81281.00	Direct
2006-11-10	Common Stock	M	6250	$7.922	Acquired	87531.00	Direct
2006-11-10	Common Stock	S	100	$27.930	Disposed	87431.00	Direct
2006-11-10	Common Stock	S	200	$27.960	Disposed	87231.00	Direct
2006-11-10	Common Stock	S	500	$27.970	Disposed	86731.00	Direct
2006-11-10	Common Stock	S	500	$27.980	Disposed	86231.00	Direct
2006-11-10	Common Stock	S	1500	$27.990	Disposed	84731.00	Direct
2006-11-10	Common Stock	S	2000	$28.000	Disposed	82731.00	Direct
2006-11-10	Common Stock	S	900	$28.010	Disposed	81831.00	Direct
2006-11-10	Common Stock	S	200	$28.020	Disposed	81631.00	Direct
2006-11-10	Common Stock	S	400	$28.030	Disposed	81231.00	Direct
2006-11-10	Common Stock	S	100	$28.040	Disposed	81131.00	Direct
2006-11-10	Common Stock	S	300	$28.050	Disposed	80831.00	Direct
2006-11-10	Common Stock	S	1200	$28.060	Disposed	79631.00	Direct
2006-11-10	Common Stock	S	300	$28.070	Disposed	79331.00	Direct
2006-11-10	Common Stock	S	100	$28.080	Disposed	79231.00	Direct
2006-11-10	Common Stock	S	600	$28.090	Disposed	78631.00	Direct
2006-11-10	Common Stock	S	500	$28.100	Disposed	78131.00	Direct
2006-11-10	Common Stock	S	100	$28.120	Disposed	78031.00	Direct
2006-11-10	Common Stock	S	200	$28.150	Disposed	77831.00	Direct
2006-11-10	Common Stock	S	300	$28.170	Disposed	77531.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-10	Employee Stock Option (Right To Buy)	$8.597	M	3750	Disposed	2011-01-18	Common Stock (3750)	Direct
2006-11-10	Employee Stock Option (Right to Buy)	$7.922	M	6250	Disposed	2011-08-09	Common Stock (6250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	43452.00	Indirect

Footnotes

F1: These options become exercisable in annual increments of 25% commencing one year after the date of grant.