ENERPAC TOOL GROUP CORP — Director's Dealing 2004

Nov 30, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACTUANT CORP (ATU)
CIK: 0000006955
Period of Report: 2004-10-27

Reporting Person: BLACKMORE WILLIAM (Exec. VP, Engineered Solutions)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-27	Employee Stock Option (right to buy)	$40.09	A	20000	Acquired	2014-10-27	Class A Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	14000	Direct
Class A Common Stock	600	Indirect
Class A Common Stock	116	Indirect

Footnotes

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

F2: Best estimate of shares held pursuant to Actuant Corporation Deferred Compensation Plan.

F3: Option granted under the Actuant Corporation 2002 Stock Plan

F4: Fifty percent of the option becomes exercisable on 10/27/2006 and the balance on 10/27/2009.