ENERPAC TOOL GROUP CORP — Director's Dealing 2004

Apr 30, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACTUANT CORP (ATU)
CIK: 0000006955
Period of Report: 2004-04-29

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-29	Employee Stock Option (right to buy)	$34.235	A	46380	Acquired	2014-04-29	Class A Common Stock (46380)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	10052	Indirect
Class A Common Stock	1600	Indirect
Class A Common Stock	1100	Indirect
Class A Common Stock	1200	Indirect
Class A Common Stock	319070	Direct

Footnotes

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

F2: Revised to reflect 2 for 1 stock split on 10/21/2003.

F3: Owned by daughters through custodian.

F4: Option granted under the Actuant Corporation 2001 Stock Plan.

F5: Fifty percent of the option becomes exercisable on 4/29/2006 and the balance on 4/29/2009.