APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2009

Sep 11, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2009-09-10

Reporting Person: Armold Thomas E (VP-Marketing & Strategic Accts)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-10	Common Stock	A	3500	—	Acquired	8388	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-10	Stock Appreciation Rights	$21.11	A	8300	Acquired	2019-09-10	Common Stock (8300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10825.06	Indirect
Common Stock	626.83	Indirect

Footnotes

F1: Restricted Stock Units granted under the 2007 Long-Term Performance Plan that vest three years from the date of grant and are settled in shares of Applied common stock.

F2: Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.