ENERPAC TOOL GROUP CORP — Director's Dealing 2008

Oct 15, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACTUANT CORP (ATU)
CIK: 0000006955
Period of Report: 2008-10-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-10-13	Class A Common Stock	M	236000	$4.65	Acquired	754140	Direct
2008-10-13	Class A Common Stock	F	133015	$20.06	Disposed	621125	Direct
2008-10-13	Class A Common Stock	M	100000	$4.65	Acquired	721125	Direct
2008-10-13	Class A Common Stock	F	56361	$20.06	Disposed	664764	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-10-13	Employee Stock Option (right to buy)	$4.65	M	236000	Acquired	2010-08-09	Class A Common Stock (236000)	Direct
2008-10-13	Employee Stock Option (right to buy)	$4.65	M	100000	Acquired	2010-08-09	Class A Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	27373	Indirect
Class A Common Stock	3900	Indirect
Class A Common Stock	60000	Indirect
Class A Common Stock	2200	Indirect
Class A Common Stock	2400	Indirect
Class A Common Stock	7860	Indirect

Footnotes

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

F2: Owned by daughters.

F3: Best estimate of shares held pursuant to Actuant Corporation Deferred Compensation Plan.

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

F5: Options granted under the Actuant Corporation 1996 Stock Plan.