DONALDSON Co INC — Director's Dealing 2003

Sep 8, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DONALDSON CO INC (DCI)
CIK: 0000029644
Period of Report: 2003-09-04

Reporting Person: PRIADKA NICKOLAS (Senior VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-04	Common Stock	M	22500	$36.38	Acquired	196086	Direct
2003-09-04	Common Stock	F	17884	$57.58	Disposed	178202	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-04	Option (right to buy)	$36.38	M	22500	Disposed	2011-12-03	Common Stock (22500)	Direct
2003-09-04	Option (right to buy)	$57.58	A	17884	Acquired	2011-09-03	Common Stock (17884)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21717	Indirect
Common Stock	24358	Indirect
Common Stock	2001	Indirect