TIMKEN CO — Director's Dealing 2007

May 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMKEN CO (TKR)
CIK: 0000098362
Period of Report: 2007-05-23

Reporting Person: RALSTON JOSEPH W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-23	Common Stock	M	3000	$17.56	Acquired	17501	Direct
2007-05-23	Common Stock	S	3000	$34.16	Disposed	14501	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-23	Stock Option	$17.56	M	3000	Disposed	2013-04-15	Common Stock (3000)	Direct

Footnotes

F1: 3,000 shares granted on 4/15/2003 (previously reported on a Form 4) vested in 25% increments per year.