ENERPAC TOOL GROUP CORP — Director's Dealing 2005

Jul 1, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACTUANT CORP (ATU)
CIK: 0000006955
Period of Report: 2005-06-29

Reporting Person: KOBYLINSKI BRIAN (VP-Bus. Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-29	Class A Common Stock	M	5200	$3.42	Acquired	55400	Direct
2005-06-29	Class A Common Stock	S	5200	$49.40	Disposed	50200	Direct
2005-06-29	Class A Common Stock	M	5200	$6.08	Acquired	55400	Direct
2005-06-29	Class A Common Stock	S	5200	$49.40	Disposed	50200	Direct
2005-06-29	Class A Common Stock	M	7600	$5.33	Acquired	57800	Direct
2005-06-29	Class A Common Stock	S	7600	$49.40	Disposed	50200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-06-29	Employee Stock Option (right to buy)	$3.42	M	5200	Disposed	2006-10-31	Class A Common Stock (5200)	Direct
2005-06-29	Employee Stock Option (right to buy)	$6.08	M	5200	Disposed	2007-11-04	Class A Common Stock (5200)	Direct
2005-06-29	Employee Stock Option (right to buy)	$5.33	M	7600	Disposed	2008-11-03	Class A Common Stock (7600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	641	Indirect

Footnotes

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

F2: Option granted under the Actuant Corporation 1996 Stock Plan.

F3: Fifty percent of the option became exercisable on 10/31/1998 and the balance on 10/31/2001.

F4: Fifty percent of the option became exercisable on 11/14/1999 and the balance on 11/4/2002.

F5: Fifty percent of the option became exercisable on 11/3/2000 and the balance on 11/3/2003