ENERPAC TOOL GROUP CORP — Director's Dealing 2010

Oct 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACTUANT CORP (ATU)
CIK: 0000006955
Period of Report: 2010-10-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-05	Class A Common Stock	M	100	$6.57	Acquired	653764	Direct
2010-10-05	Class A Common Stock	S	100	$23.00	Disposed	653664	Direct
2010-10-06	Class A Common Stock	M	98100	$6.57	Acquired	751764	Direct
2010-10-06	Class A Common Stock	S	98100	$23.0025	Disposed	653664	Direct
2010-10-07	Class A Common Stock	M	22200	$6.57	Acquired	675864	Direct
2010-10-07	Class A Common Stock	S	22200	$23.092	Disposed	653664	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-05	Employee Stock Option (right to buy)	$6.57	M	100	Disposed	2011-10-24	Class A Common Stock (100)	Direct
2010-10-06	Employee Stock Option (right to buy)	$6.57	M	98100	Disposed	2011-10-24	Class A Common Stock (98100)	Direct
2010-10-07	Employee Stock Option (right to buy)	$6.57	M	22200	Disposed	2011-10-24	Class A Common Stock (22200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	41491	Indirect
Class A Common Stock	11900	Indirect
Class A Common Stock	60000	Indirect
Class A Common Stock	2200	Indirect
Class A Common Stock	2400	Indirect
Class A Common Stock	8279	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.03, inclusive. The reporting person undertakes to provide to Actuant Corporation, any security holder of Actuant Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 2 and 3 of this Form 4.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.24, inclusive.

F4: Represents the best estimate of the number of share equivalents held by the reporting person in the unitized stock fund of the Actuant 401(k) Plan. The unitized stock fund consists of stock of Actuant and cash and other short term investments. The number of Actuant share equivalents fluctuates depending on the ratio of the number of shares of stock of Actuant in the fund to other investments.

F5: Owned by daughters.

F6: Best estimate of shares held pursuant to Actuant Corporation Deferred Compensation Plan.

F7: Options granted under the Actuant Corporation 2001 Stock Plan.

F8: Fifty percent of the option became exercisable on 10/27/2003, and the balance became exercisable on 10/27/2006.