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: Paymal Tim J (Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-01	Common Stock	M	367	—	Acquired	367	Direct
2006-11-01	Common Stock	F	122	—	Disposed	245	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-01	Restricted Stock Unit	$0	M	367	Disposed		Common Stock (733)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase	$24.29	2015-08-15	Common Stock (3000)	3000	Direct

Footnotes

F1: The option vests in five equal annual installments beginning on August 15, 2006.

F2: 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.