DONALDSON Co INC — Director's Dealing 2003

Aug 8, 2003

SEC Form 4/A — Form 4/A

Issuer: DONALDSON CO INC (DCI)
CIK: 0000029644
Period of Report: 2003-04-10

Reporting Person: SCHWAB LOWELL F (Senior VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-04-10	Common Stock	M	21000	$23.00	Acquired	0	Direct
2003-04-10	Common Stock	F	16432	$39.48	Disposed	72913	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-04-10	Option (right to buy)	$23.00	M	21000	Disposed	2009-12-06	Common Stock (21000)	Direct
2003-04-10	Option (right to buy)	$39.48	A	16432	Acquired	2009-12-09	Common Stock (16432)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1982	Indirect
Common Stock	12946	Indirect

Footnotes

F1: Amendment to add reload shares of 16,432.