REGAL REXNORD CORP — Director's Dealing 2011

May 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: REGAL BELOIT CORP (RBC)
CIK: 0000082811
Period of Report: 2011-05-06

Reporting Person: KNUEPPEL HENRY W (Director, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-06	Common Stock	S	20000	$73.0138	Disposed	353702	Direct
2011-05-06	Common Stock	M	26000	$48.05	Acquired	379702	Direct
2011-05-06	Common Stock	F	17317	$72.14	Disposed	362385	Direct
2011-05-06	Common Stock	M	14000	$36.36	Acquired	376385	Direct
2011-05-06	Common Stock	S	10140	$72.001	Disposed	366245	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-06	Non-qualified Stock Option	$36.36	M	14000	Acquired	2016-01-27	Common Stock (14000)	Direct
2011-05-06	Stock Appreciation Rights	$48.05	M	26000	Acquired	2017-02-06	Common Stock (26000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12522	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Rights	$42.28	2018-05-02	Common Stock (70000)	70000	Direct
Stock Appreciation Rights	$42.65	2019-05-08	Common Stock (90000)	90000	Direct

Footnotes

F1: Balance reflects shares that were previously held in the Regal Beloit Corporation Retirement Savings Plan.

F2: The price in column 4 is a weighted average price. The prices actually received ranged from $72.95 to $73.12. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.

F3: The price in column 4 reflects the closing price of stock on the transaction date. The closing price was used to calculate the number of shares to be surrendered to satisfy the exercise price.

F4: The price in column 4 is a weighted average price. The prices actually received ranged from $71.92 to $72.13. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.

F5: Granted as non-qualified stock options. The options vest and become exercisable 40% on the second anniversary of the date of the grant, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary.

F6: Granted as stock-settled SARs under the 2003 Equity Incentive Plan. The SARs vest and become exercisable 40% on the second anniversary of the date of the grant, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary.

F7: Granted as stock-settled SARs under the 2007 Equity Incemtive Plan. The SARs vest and become exerciseable 40% on the second anniversary of the date of the grant, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary.