POWELL INDUSTRIES INC — Director's Dealing 2007

Jan 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POWELL INDUSTRIES INC (POWL)
CIK: 0000080420
Period of Report: 2006-12-29

Reporting Person: WOLNY RONALD J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-29	Common Stock	M	883	$13.06	Acquired	16033	Direct
2006-12-29	Common Stock	M	2000	$17.85	Acquired	18033	Direct
2006-12-29	Common Stock	M	2000	$23.48	Acquired	20033	Direct
2006-12-29	Common Stock	S	4883	$32.01	Disposed	15150	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-29	Director Stock Option	$13.06	M	883	Disposed	2007-06-26	Common Stock (883)	Direct
2006-12-29	Director Stock Option	$17.85	M	2000	Disposed	2008-04-30	Common Stock (2000)	Direct
2006-12-29	Director Stock Option	$23.48	M	2000	Disposed	2009-06-26	Common Stock (2000)	Direct

Footnotes

F1: Becomes exercisable on the first anniversary of 6/26/00, the date of the grant.

F2: Becomes exercisable on the first anniversary of 04/30/2001, the date of the grant.

F3: Becomes exercisable on the first anniversary of 06/26/2002, the date of the grant.