DONALDSON Co INC — Director's Dealing 2007

Sep 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DONALDSON CO INC (DCI)
CIK: 0000029644
Period of Report: 2007-09-26

Reporting Person: DOLAN JANET M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-26	Common Stock	M	8000	$12.12	Acquired	43012	Direct
2007-09-26	Common Stock	S	8000	$41.73	Disposed	35012	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-26	Employee Stock Option (right to buy)	$12.12	M	8000	Disposed	2007-12-01	Common Stock (8000)	Direct