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: PURSER BILL L (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-06	Common Stock	M	10000	$8.597	Acquired	87531.00	Direct
2006-11-06	Common Stock	S	100	$28.150	Disposed	87431.00	Direct
2006-11-06	Common Stock	S	300	$28.160	Disposed	87131.00	Direct
2006-11-06	Common Stock	S	400	$28.180	Disposed	86731.00	Direct
2006-11-06	Common Stock	S	800	$28.190	Disposed	85931.00	Direct
2006-11-06	Common Stock	S	1100	$28.200	Disposed	84831.00	Direct
2006-11-06	Common Stock	S	1200	$28.210	Disposed	83631.00	Direct
2006-11-06	Common Stock	S	2100	$28.220	Disposed	81531.00	Direct
2006-11-06	Common Stock	S	1400	$28.230	Disposed	80131.00	Direct
2006-11-06	Common Stock	S	700	$28.240	Disposed	79431.00	Direct
2006-11-06	Common Stock	S	900	$28.250	Disposed	78531.00	Direct
2006-11-06	Common Stock	S	400	$28.260	Disposed	78131.00	Direct
2006-11-06	Common Stock	S	200	$28.270	Disposed	77931.00	Direct
2006-11-06	Common Stock	S	400	$28.280	Disposed	77531.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-06	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.