LINDSAY CORP — Director's Dealing 2006

Dec 5, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINDSAY MANUFACTURING CO (LNN)
CIK: 0000836157
Period of Report: 2006-12-01

Reporting Person: Downing David B (Vice President & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-01	Restricted Stock Unit	$	A	1409	Acquired		Common Stock (1409.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	304.00	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase	$24.7000	2014-08-30	Common Stock (7500.00)	7500.00	Direct
Option to Purchase	$24.2900	2015-08-15	Common Stock (15000.00)	15000.00	Direct
Option to Purchase	$19.3300	2015-11-08	Common Stock (3750.00)	3750.00	Direct
Restricted Stock Unit	$0.0000		Common Stock (909.00)	909.00	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of LNN common stock.

F2: The restricted stock units vest in three equal annual installments beginning on December 1, 2007. Vested shares will be delivered to the reporting person as soon as practical following the relevant vesting date. The Company will retain from each distribution, shares of common stock required to satisfy minimum tax withholding obligation.

F3: The option vests in five equal annual installments beginning on August 30, 2005.

F4: The option vests in five equal annual installments beginning on August 15, 2006.

F5: The option vests in five equal annual installments beginning on November 8, 2006.

F6: The restricted stock units vest in two equal annual installments beginning on November 1, 2007. Vested shares will be delivered to the reporting person as soon as practicable following the relevant vesting date. The Company will retain from each distribution, shares of common stock required to satisfy minimum tax withholding obligations.