APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Nov 9, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-11-08

Reporting Person: PURSER BILL L (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-08	Common Stock	S	200	$28.330	Disposed	87131.00	Direct
2006-11-08	Common Stock	S	100	$28.340	Disposed	87031.00	Direct
2006-11-08	Common Stock	S	100	$28.350	Disposed	86931.00	Direct
2006-11-08	Common Stock	M	10000	$8.597	Acquired	87531.00	Direct
2006-11-08	Common Stock	S	200	$28.320	Disposed	87331.00	Direct
2006-11-08	Common Stock	S	100	$28.360	Disposed	86831.00	Direct
2006-11-08	Common Stock	S	100	$28.370	Disposed	86731.00	Direct
2006-11-08	Common Stock	S	500	$28.380	Disposed	86231.00	Direct
2006-11-08	Common Stock	S	400	$28.390	Disposed	85831.00	Direct
2006-11-08	Common Stock	S	500	$28.400	Disposed	85331.00	Direct
2006-11-08	Common Stock	S	700	$28.410	Disposed	84631.00	Direct
2006-11-08	Common Stock	S	400	$28.420	Disposed	84231.00	Direct
2006-11-08	Common Stock	S	1200	$28.430	Disposed	83031.00	Direct
2006-11-08	Common Stock	S	700	$28.440	Disposed	82331.00	Direct
2006-11-08	Common Stock	S	100	$28.450	Disposed	82231.00	Direct
2006-11-08	Common Stock	S	300	$28.460	Disposed	81931.00	Direct
2006-11-08	Common Stock	S	800	$28.490	Disposed	81131.00	Direct
2006-11-08	Common Stock	S	1200	$28.500	Disposed	79931.00	Direct
2006-11-08	Common Stock	S	300	$28.510	Disposed	79631.00	Direct
2006-11-08	Common Stock	S	800	$28.520	Disposed	78831.00	Direct
2006-11-08	Common Stock	S	100	$28.530	Disposed	78731.00	Direct
2006-11-08	Common Stock	S	300	$28.540	Disposed	78431.00	Direct
2006-11-08	Common Stock	S	100	$28.550	Disposed	78331.00	Direct
2006-11-08	Common Stock	S	100	$28.560	Disposed	78231.00	Direct
2006-11-08	Common Stock	S	300	$28.570	Disposed	77931.00	Direct
2006-11-08	Common Stock	S	100	$28.580	Disposed	77831.00	Direct
2006-11-08	Common Stock	S	100	$28.630	Disposed	77731.00	Direct
2006-11-08	Common Stock	S	100	$28.650	Disposed	77631.00	Direct
2006-11-08	Common Stock	S	100	$28.660	Disposed	77531.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-08	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.