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: WINDFELDT THOMAS A (VP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-04	Common Stock	G	150	—	Disposed	715	Indirect
2003-09-04	Common Stock	G	150	—	Disposed	565	Indirect
2003-09-04	Common Stock	G	150	—	Disposed	415	Indirect
2003-09-04	Common Stock	G	150	—	Disposed	265	Indirect
2003-09-04	Common Stock	M	11860	$14.00	Acquired	82944	Direct
2003-09-04	Common Stock	F	3014	$57.58	Disposed	79930	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1903	Indirect
Common Stock	522	Indirect

Footnotes

F1: Gift of 150 shares

F2: Gift of 150 shares

F3: Gift of 150 shares

F4: Gift of 150 shares