APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Nov 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-11-07

Reporting Person: PURSER BILL L (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-07	Common Stock	M	10000	$8.597	Acquired	87531.00	Direct
2006-11-07	Common Stock	S	600	$28.250	Disposed	86931.00	Direct
2006-11-07	Common Stock	S	2500	$28.260	Disposed	84431.00	Direct
2006-11-07	Common Stock	S	2400	$28.270	Disposed	82031.00	Direct
2006-11-07	Common Stock	S	1700	$28.280	Disposed	80331.00	Direct
2006-11-07	Common Stock	S	100	$28.290	Disposed	80231.00	Direct
2006-11-07	Common Stock	S	700	$28.360	Disposed	79531.00	Direct
2006-11-07	Common Stock	S	500	$28.400	Disposed	79031.00	Direct
2006-11-07	Common Stock	S	1300	$28.410	Disposed	77731.00	Direct
2006-11-07	Common Stock	S	100	$28.420	Disposed	77631.00	Direct
2006-11-07	Common Stock	S	100	$28.430	Disposed	77531.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-07	Employee Stock Option (Right To Buy)	$8.597	M	10000	Disposed	2011-01-18	Common Stock (10000)	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.