APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Feb 7, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-02-03

Reporting Person: BARLETT TODD A (VP-Acq & Global Bus Dev)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-03	Common Stock	M	1987	$19.360	Acquired	19437.77	Direct
2006-02-03	Common Stock	F	1340	$41.350	Disposed	18097.77	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-03	Stock Appreciation Rights	$19.360	M	1987	Disposed	2014-08-06	Common Stock (1987)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	67.00	Indirect
Common Stock	2994.13	Indirect

Footnotes

F1: Reflects an additional 852.57 shares from total reported in previous Form 4. These additional shares accumulated over several years through the reinvestment of dividends in an account in Applied's dividend reinvestment plan, which transactions were exempted from section 16.

F2: These shares were previously held in a brokerage account with a dividend reinvestment feature. The shares were transferred from that account to a regular brokerage account, resulting in the liquidation of a fractional share. The total shown reflects the reduction of 0.35 shares.

F3: Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.