LINDSAY CORP — Director's Dealing 2006

Nov 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINDSAY MANUFACTURING CO (LNN)
CIK: 0000836157
Period of Report: 2006-11-01

Reporting Person: WELSH BILL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-01	Common Stock	M	1360	—	Acquired	11360	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-01	Restricted Stock Unit	$0	M	1360	Disposed		Common Stock (0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase	$18.90	2011-09-03	Common Stock (25312)	25312	Direct
Option to Purchase	$21.20	2012-09-03	Common Stock (5062)	5062	Direct
Option to Purchase	$23.05	2013-09-03	Common Stock (5062)	5062	Direct
Option to Purchase	$25.35	2014-09-03	Common Stock (5062)	5062	Direct

Footnotes

F1: The option vests in five equal annual installments beginning on September 3, 2002.

F2: The option vests in five equal annual installments beginning on September 3, 2003.

F3: The option vests in five equal annual installments beginning on September 3, 2004.

F4: The option vests in five equal annual installments beinning on September 3, 2005.

F5: The restricted stock units vest on November 1, 2006. Vested shares will be delivered to the reporting person as soon as practicable following the relevent vesting date.