ENERPAC TOOL GROUP CORP — Director's Dealing 2004

Oct 13, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACTUANT CORP (ATU)
CIK: 0000006955
Period of Report: 2004-10-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-10-12	Class A Common Stock	M	26300	$6.08	Acquired	345370	Direct
2004-10-12	Class A Common Stock	S	26300	$42.1063	Disposed	319070	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-12	Employee Stock Option (right to buy)	$6.08	M	26300	Disposed	2007-11-04	Class A Common Stock (26300)	Direct

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

F2: Owned by daughters through custodian.

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

F4: Option granted under Actuant Corporation 1996 Stock Plan.

F5: Fifty percent of the option became exercisable 11/04/1999 and the balance on 11/04/2002.