ENERPAC TOOL GROUP CORP — Director's Dealing 2004

Oct 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACTUANT CORP (ATU)
CIK: 0000006955
Period of Report: 2004-10-15

Reporting Person: ARZBAECHER ROBERT C (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-10-15	Class A Common Stock	G	30000	—	Disposed	289070	Direct
2004-10-15	Class A Common Stock	G	30000	—	Acquired	30000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
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: Transfer of shares to Arzbaecher Investments, L.P., a limited partnership of which the reporting person and his spouse are general partners and of which his children are the sole limited partners.

F2: Best estimate of shares held pursuant to the Actuant 401(k) Plan.

F3: Owned by daughters through custodian.

F4: Best estimate of shares held pursuant to Actuant Corporation Deferred Compensation Plan.