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DONALDSON Co INC Director's Dealing 2003

Jul 31, 2003

30639_dirs_2003-07-31_f8e72dab-bd8c-4836-824b-d152568ea4b1.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DONALDSON CO INC (DCI)
CIK: 0000029644
Period of Report: 2003-07-29

Reporting Person: SCHWAB LOWELL F (Senior VP)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2003-07-29 Common Stock M 10436 $28.00 Acquired 0 Direct
2003-07-29 Common Stock F 8150 $48.30 Disposed 75221 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2003-07-29 Option (right to buy) $28.00 M 10436 Disposed 2005-12-21 Common Stock (10436) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 2055 Indirect
Common Stock 12947 Indirect