DONALDSON Co INC — Director's Dealing 2006

Oct 2, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DONALDSON CO INC (DCI)
CIK: 0000029644
Period of Report: 2006-09-29

Reporting Person: EUGSTER JACK W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-29	Common Stock	M	4000	$12.02	Acquired	46724	Direct
2006-09-29	Common Stock	S	3600	$37.18	Disposed	43124	Direct
2006-09-29	Common Stock	S	400	$37.21	Disposed	42724	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-09-26	stock option (right to buy)	$12.02	M	4000	Disposed	2007-12-01	Common Stock (4000)	Direct