APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Jul 12, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-07-10

Reporting Person: THORNTON JERRY SUE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-07-10	Common Stock	A	606	—	Acquired	41821.75	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$6.403	2009-04-15	Common Stock (4500)	4500	Direct
Stock Option (Right to Buy)	$7.431	2010-01-20	Common Stock (4500)	4500	Direct
Stock Option (Right to Buy)	$8.764	2011-01-11	Common Stock (4500)	4500	Direct
Stock Option (Right to Buy)	$8.302	2012-01-10	Common Stock (4500)	4500	Direct
Stock Option (Right to Buy)	$7.525	2013-01-21	Common Stock (4500)	4500	Direct
Stock Option (Right to Buy)	$10.898	2014-01-08	Common Stock (9000)	9000	Direct
Stock Option (Right to Buy)	$19.060	2015-01-18	Common Stock (6000)	6000	Direct
Stock Option (Right to Buy)	$25.027	2016-01-17	Common Stock (6000)	6000	Direct

Footnotes

F1: Shares allocated to the account of the participant in the Deferred Compensation Plan for Non-Employee Directors, at prices ranging from $25.74 to $30.91. Both share number and share price have been adjusted to reflect the 3 for 2 stock split paid on 6/15/06.

F2: All transactions and holdings reflect the effect of the 3 for 2 stock split paid on 6/15/06.

F3: Both share balance and share price adjusted to reflect the effect of the 3 for 2 stock split paid on 6/15/06.