ENERPAC TOOL GROUP CORP — Director's Dealing 2003

Oct 24, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACTUANT CORP (ATU)
CIK: 0000006955
Period of Report: 2003-10-21

Reporting Person: KERK ARTHUR (VP-Eng. Soln. Europe Asia)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-21	Employee Stock Option (right to buy)	$31.8125	A	12000	Acquired	2013-10-21	Class A Common Stock (12000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	26108	Direct

Footnotes

F1: Revised to reflect 2 for 1 stock split on 10/21/2003.

F2: Option granted under the Actuant Corporation 2002 Stock Plan.

F3: Fifty percent of hte option becomes exercisable on 10/21/2005 and the balance on 10/21/2008.