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: PAROD RICK (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-01	Common Stock	M	2728	—	Acquired	6828	Direct
2006-11-01	Common Stock	F	908	—	Disposed	5920	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-01	Restricted Stock Unit	$0	M	2728	Disposed		Common Stock (5454)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4100	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase	$21.52	2013-04-24	Common Stock (45000)	45000	Direct
Option to Purchase	$14.00	2010-04-05	Common Stock (300000)	300000	Direct
Option to Purchase	$14.00	2010-04-05	Common Stock (50000)	50000	Direct
Option to Purchase	$25.77	2014-04-22	Common Stock (45000)	45000	Direct
Option to Purchase	$24.29	2015-08-15	Common Stock (22500)	22500	Direct
Option to Purchase	$19.33	2015-11-08	Common Stock (22500)	22500	Direct

Footnotes

F1: The option vests in five equal annual installments beginning on April 24, 2004.

F2: The option vests in five equal annual installments beginning on April 5, 2001

F3: These options to purchase common stock are exercisable on or after the first day following completion of a period of twenty (20) consecutive business days on which the fair market value exceeds $40.00 per share - but only if such period is completed prior to 4/5/05 - alternatively, these options to purchase common stock are exercisable on or after 4/5/09.

F4: The option vests in five equal annual installments beginning on April 22, 2005.

F5: The option vests in five equal annual installments beginning on August 15, 2006.

F6: The option vests in five equal annual installments beginning on November 8, 2006.

F7: 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 relevent vesting date. The Company will retain from each distribution, shares of common stock required to satisfy minimum tax withholding obligations.