ENERPAC TOOL GROUP CORP — Director's Dealing 2004

Mar 25, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACTUANT CORP (ATU)
CIK: 0000006955
Period of Report: 2004-03-24

Reporting Person: KERK ARTHUR (VP-Eng. Soln. Europe Asia)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-24	Class A Common Stock	M	7200	$5.33	Acquired	7309	Direct
2004-03-24	Class A Common Stock	S	7200	$37.6963	Disposed	109	Direct
2004-03-24	Class A Common Stock	M	12800	$9.295	Acquired	12909	Direct
2004-03-24	Class A Common Stock	S	12800	$37.6963	Disposed	109	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-24	Employee Stock Option (Right to buy)	$5.33	M	7200	Disposed	2008-11-03	Class A Common Stock (7200)	Direct
2004-03-24	Employee Stock Option (Right to buy)	$9.295	M	12800	Disposed	2010-08-09	Class A Common Stock (12800)	Direct

Footnotes

F1: Includes shares held in Employee Stock Purchase Plan.

F2: Option granted under the Actuant Corporation Stock Plan.

F3: Fifty percent of the option became exercisable on 11/03/00 and the balance on 11/03/03.

F4: Fifty percent of the option became exercisable on 08/09/02 and the balance becomes exercisable on 08/09/05.