Parker-Hannifin Corp — Director's Dealing 2006

Apr 27, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PARKER HANNIFIN CORP (PH)
CIK: 0000076334
Period of Report: 2006-04-25

Reporting Person: MYSLENSKI JOHN D (EVP-Sales/Marketing/Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-25	Common Stock	M	6852	$44.42	Acquired	72889	Direct
2006-04-25	Common Stock	F	2841	$83.70	Disposed	70048	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-04-25	Option to Buy	$44.42	M	14600	Disposed	2011-08-07	Common Stock (14600)	Direct
2006-04-25	Option to Buy	$82.05	A	7748	Acquired	2011-08-07	Common Stock (7748)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4944.857	Indirect

Footnotes

F1: "Pyramid" stock option exercise resulting in net acquisition of 6,852 shares.

F2: The option vested in two equal installments on 8/8/2002 and 8/8/2003.

F3: Granted under the Corporation's 1993 Stock Incentive Program in a transaction exempt under Rule 16b-3.

F4: Granted under the Corporation's 2003 Stock Incentive Plan in a transaction exempt under Rule 16b-3.