APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2011

Aug 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2011-08-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-09	Common Stock	A	4350.0000	$0.0000	Acquired	23038.0000	Direct
2011-08-09	Common Stock	A	1751.0000	$0.0000	Acquired	24789.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-09	Stock Appreciation Rights	$26.9600	A	6800.0000	Acquired	2021-08-09	Common Stock (6800.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11383.1600	Indirect
Common Stock	650.0300	Indirect

Footnotes

F1: Restricted Stock Units that vest three years from the date of grant and are settled in shares of Applied common stock.

F2: Performance shares "banked" (but not yet vested) as a result of 2011 performance achievement under 2011-13 performance shares program. Performance shares vest at end of program and are settled in shares of Applied common stock.

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