APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Nov 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-10-31

Reporting Person: PURSER BILL L (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-31	Common Stock	M	10000	$8.597	Acquired	87531.00	Direct
2006-10-31	Common Stock	S	200	$28.570	Disposed	87331.00	Direct
2006-10-31	Common Stock	S	200	$28.580	Disposed	87131.00	Direct
2006-10-31	Common Stock	S	200	$28.590	Disposed	86931.00	Direct
2006-10-31	Common Stock	S	100	$28.600	Disposed	86831.00	Direct
2006-10-31	Common Stock	S	300	$28.610	Disposed	86531.00	Direct
2006-10-31	Common Stock	S	400	$28.620	Disposed	86131.00	Direct
2006-10-31	Common Stock	S	500	$28.630	Disposed	85631.00	Direct
2006-10-31	Common Stock	S	1100	$28.640	Disposed	84531.00	Direct
2006-10-31	Common Stock	S	800	$28.650	Disposed	83731.00	Direct
2006-10-31	Common Stock	S	1300	$28.660	Disposed	82431.00	Direct
2006-10-31	Common Stock	S	700	$28.670	Disposed	81731.00	Direct
2006-10-31	Common Stock	S	500	$28.680	Disposed	81231.00	Direct
2006-10-31	Common Stock	S	600	$28.690	Disposed	80631.00	Direct
2006-10-31	Common Stock	S	200	$28.700	Disposed	80431.00	Direct
2006-10-31	Common Stock	S	800	$28.710	Disposed	79631.00	Direct
2006-10-31	Common Stock	S	100	$28.730	Disposed	79531.00	Direct
2006-10-31	Common Stock	S	200	$28.740	Disposed	79331.00	Direct
2006-10-31	Common Stock	S	200	$28.760	Disposed	79131.00	Direct
2006-10-31	Common Stock	S	300	$28.770	Disposed	78831.00	Direct
2006-10-31	Common Stock	S	500	$28.780	Disposed	78331.00	Direct
2006-10-31	Common Stock	S	200	$28.790	Disposed	78131.00	Direct
2006-10-31	Common Stock	S	400	$28.800	Disposed	77731.00	Direct
2006-10-31	Common Stock	S	100	$28.810	Disposed	77631.00	Direct
2006-10-31	Common Stock	S	100	$28.860	Disposed	77531.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-31	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.