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: ARZBAECHER ROBERT C (Director, President and CEO)

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	75000	Acquired	2014-10-27	Class A Common Stock (75000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	289070	Direct
Class A Common Stock	30000	Indirect
Class A Common Stock	10299	Indirect
Class A Common Stock	1600	Indirect
Class A Common Stock	1100	Indirect
Class A Common Stock	1200	Indirect
Class A Common Stock	663	Indirect

Footnotes

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

F2: Owned by daughters.

F3: Best estimate of shares held pursuant to Actuant Corporation Deferred Compensation Plan.

F4: Option granted under the Actuant Corporation 2002 Stock Option Plan.

F5: Fifty percent of the option becomes exercisable on 10/27/2006 and the balance on 10/27/2009.