APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2010

Sep 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2010-09-03

Reporting Person: SHAW RICHARD C (VP-Communications & Learning)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-03	Common Stock	A	1000.0000	$0.0000	Acquired	35999.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-03	Stock Appreciation Rights	$29.2700	A	2400.0000	Acquired	2020-09-03	Common Stock (2400.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13222.7900	Indirect
Common Stock	1153.6400	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.