APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Nov 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-11-02

Reporting Person: PURSER BILL L (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-02	Common Stock	M	10000	$8.597	Acquired	87531.00	Direct
2006-11-02	Common Stock	S	300	$27.460	Disposed	87231.00	Direct
2006-11-02	Common Stock	S	300	$27.470	Disposed	86931.00	Direct
2006-11-02	Common Stock	S	700	$27.480	Disposed	86231.00	Direct
2006-11-02	Common Stock	S	900	$27.490	Disposed	85331.00	Direct
2006-11-02	Common Stock	S	400	$27.500	Disposed	84931.00	Direct
2006-11-02	Common Stock	S	300	$27.510	Disposed	84631.00	Direct
2006-11-02	Common Stock	S	100	$27.520	Disposed	84531.00	Direct
2006-11-02	Common Stock	S	200	$27.530	Disposed	84331.00	Direct
2006-11-02	Common Stock	S	200	$27.540	Disposed	84131.00	Direct
2006-11-02	Common Stock	S	100	$27.560	Disposed	84031.00	Direct
2006-11-02	Common Stock	S	100	$27.570	Disposed	83931.00	Direct
2006-11-02	Common Stock	S	100	$27.590	Disposed	83831.00	Direct
2006-11-02	Common Stock	S	300	$27.600	Disposed	83531.00	Direct
2006-11-02	Common Stock	S	300	$27.610	Disposed	83231.00	Direct
2006-11-02	Common Stock	S	500	$27.620	Disposed	82731.00	Direct
2006-11-02	Common Stock	S	200	$27.630	Disposed	82531.00	Direct
2006-11-02	Common Stock	S	700	$27.640	Disposed	81831.00	Direct
2006-11-02	Common Stock	S	400	$27.650	Disposed	81431.00	Direct
2006-11-02	Common Stock	S	400	$27.660	Disposed	81031.00	Direct
2006-11-02	Common Stock	S	100	$27.670	Disposed	80931.00	Direct
2006-11-02	Common Stock	S	700	$27.680	Disposed	80231.00	Direct
2006-11-02	Common Stock	S	100	$27.690	Disposed	80131.00	Direct
2006-11-02	Common Stock	S	100	$27.700	Disposed	80031.00	Direct
2006-11-02	Common Stock	S	200	$27.710	Disposed	79831.00	Direct
2006-11-02	Common Stock	S	300	$27.720	Disposed	79531.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-02	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.