APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2014

Aug 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2014-08-12

Reporting Person: EISELE MARK O (Vice President-CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-12	Common Stock	A	2600.0000	$0.0000	Acquired	144135.0000	Direct
2014-08-12	Common Stock	A	1177.0000	$0.0000	Acquired	145312.0000	Direct
2014-08-12	Common Stock	F	1007.0000	$49.0400	Disposed	144305.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-12	Stock Appreciation Rights	$49.0400	A	10100.0000	Acquired	2024-08-12	Common Stock (10100.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7213.1000	Indirect
Common Stock	13750.1600	Indirect
Common Stock	320.8000	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" as a result of 2014 performance achievement under performance shares program. Performance shares vest at end of three-year 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.