Parker-Hannifin Corp — Director's Dealing 2007

Sep 6, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PARKER HANNIFIN CORP (PH)
CIK: 0000076334
Period of Report: 2007-09-04

Reporting Person: Dedinsky John G Jr (VP-Gbl Supply Chain/Procuremnt)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-04	Common Stock	M	1888	$39.84	Acquired	4015	Direct
2007-09-04	Common Stock	F	604	$107.47	Disposed	3411	Direct
2007-09-04	Common Stock	S	1284	$109.366	Disposed	2127	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-04	Option to Buy	$39.84	M	3000	Disposed	2012-08-06	Common Stock (3000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3736.988	Indirect
Common Stock	150.447	Direct

Footnotes

F1: Dividend Reinvestment Plan.

F2: "Pyramid" stock option exercise resulting in net acquisition of 1,888 shares.

F3: The option vested in two equal installments on 8/7/2003 and 8/7/2004.

F4: Granted under the Corporation's 1993 Stock Incentive Program in a transaction exempt under Rule 16b-3.