ENERPAC TOOL GROUP CORP — Director's Dealing 2003

Oct 7, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACTUANT CORP (ATU)
CIK: 0000006955
Period of Report: 2003-10-06

Reporting Person: LAMPEREUR ANDREW (Vice President - CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-06	Class A Common Stock	M	13000	$4.11	Acquired	48181	Direct
2003-10-06	Class A Common Stock	S	13000	$62.5915	Disposed	35181	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-06	Employee Stock Option (right to buy)	$4.11	M	13000	Disposed	2004-07-28	Class A Common Stock (13000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	2049	Indirect

Footnotes

F1: Best estimate of shares held pursuant to the Actuant 401(k) Plan.

F2: Option granted under the Actuant Corporation 1990 Stock Option Plan.

F3: Fifty percent of the option became exercisable on 7/28/1996 and the balance on 7/28/1999