APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Nov 7, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-11-06

Reporting Person: EISELE MARK O (Vice President-CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-06	Common Stock	M	3375	$6.940	Acquired	72129.00	Direct
2006-11-06	Common Stock	M	5121	$9.465	Acquired	77250.00	Direct
2006-11-06	Common Stock	F	5111	$28.360	Disposed	72139.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-06	Employee Stock Option (Right to Buy)	$6.940	M	3375	Disposed	2012-08-06	Common Stock (3375)	Direct
2006-11-06	Employee Stock Option (Right to Buy)	$9.465	M	5121	Disposed	2013-08-08	Common Stock (5121)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6053.00	Indirect
Common Stock	10696.92	Indirect
Common Stock	282.56	Indirect

Footnotes

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