ENERPAC TOOL GROUP CORP — Director's Dealing 2006

May 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACTUANT CORP (ATU)
CIK: 0000006955
Period of Report: 2006-05-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-02	Class A Common Stock	M	23920	$3.42	Acquired	79920	Direct
2006-05-02	Class A Common Stock	S	23920	$63.69	Disposed	56000	Direct
2006-05-02	Class A Common Stock	M	13000	$6.08	Acquired	69000	Direct
2006-05-02	Class A Common Stock	S	13000	$63.69	Disposed	56000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-02	Employee Stock Option (right to buy)	$3.42	M	23920	Acquired	2006-10-31	Class A Common Stock (23920)	Direct
2006-05-02	Employee Stock Option (right to buy)	$6.08	M	13000	Acquired	2007-11-04	Class A Common Stock (13000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	4568	Indirect
Class A Common Stock	363	Indirect
Class A Common Stock	463	Indirect
Class A Common Stock	14024	Indirect

Footnotes

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

F2: Best estimate of shares held pursuant to Actuant Corporation Deferred Compensation Plan.

F3: Option granted under the Actuant Corporation 1996 Stock Plan.

F4: Fifty percent of the option became exercisable on 10/31/1999 and the balance on 10/31/2002.

F5: Fifty percent of the option became exercisable on 11/04/2000 and the balance on 11/04/2003.