ENERPAC TOOL GROUP CORP — Director's Dealing 2004

Oct 7, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACTUANT CORP (ATU)
CIK: 0000006955
Period of Report: 2004-10-05

Reporting Person: LAMPEREUR ANDREW (Executive Vice President - CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-10-05	Class A Common Stock	M	33280	$2.815	Acquired	103642	Direct
2004-10-05	Class A Common Stock	S	33280	$43.2101	Disposed	70362	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-05	Employee Stock Option (right to buy)	$2.815	M	33280	Disposed	2005-07-21	Class A Common Stock (33280)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	4345	Indirect
Class A Common Stock	362	Indirect
Class A Common Stock	183	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 1990 Stock Plan.

F4: Fifty percent of the option became exercisable on 7/21/1997 and the balance on 7/21/2000.