APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2006

Jan 31, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2006-01-27

Reporting Person: BAUER FRED D (VP-General Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-27	Common Stock	M	5000	$14.197	Acquired	28495.78	Direct
2006-01-27	Common Stock	F	2768	$42.820	Disposed	25727.78	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-27	Employee Stock Option (Right to Buy)	$14.197	M	5000	Disposed	2013-08-08	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4239.52	Indirect
Common Stock	47.05	Indirect

Footnotes

F1: These options become exercisable in annual increments of 25% commencing one year after the date of grant.