TIMKEN CO - Director's Dealing 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMKEN CO (TKR)
CIK: 0000098362
Period of Report: 2008-05-02

Reporting Person: MIRAGLIA SALVATORE J JR (President - Steel)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-02	Common Stock	M	7500	$29.23	Acquired	60539	Direct
2008-05-02	Common Stock	S	7030	$36.51	Disposed	53509	Direct
2008-05-02	Common Stock	F	470	$36.51	Disposed	53039	Direct
2008-05-02	Common Stock	M	15000	$30.93	Acquired	68039	Direct
2008-05-02	Common Stock	S	14275	$36.46	Disposed	53764	Direct
2008-05-02	Common Stock	F	725	$36.46	Disposed	53039	Direct
2008-05-02	Common Stock	M	4000	$25.21	Acquired	57039	Direct
2008-05-02	Common Stock	S	3614	$36.53	Disposed	53425	Direct
2008-05-02	Common Stock	F	386	$36.53	Disposed	53039	Direct
2008-05-02	Common Stock	M	4000	$24.14	Acquired	57039	Direct
2008-05-02	Common Stock	S	3578	$36.51	Disposed	53461	Direct
2008-05-02	Common Stock	F	422	$36.51	Disposed	53039	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-02	Employee Stock Option (right to buy)	$29.23	M	7500	Disposed	2017-02-05	Common Stock (7500)	Direct
2008-05-02	Employee Stock Option (right to buy)	$30.93	M	15000	Disposed	2016-02-06	Common Stock (15000)	Direct
2008-05-02	Employee Stock Option (right to buy)	$25.21	M	4000	Disposed	2015-01-31	Common Stock (4000)	Direct
2008-05-02	Employee Stock Option (right to buy)	$24.14	M	4000	Disposed	2014-04-20	Common Stock (4000)	Direct

Security	Shares	Ownership
Common Stock	29484	Indirect

F1: 30,000 shares granted on 2/5/2007 (previously reported on a Form 4) vest in 25% increments per year.

F2: 30,000 shares granted on 2/6/2006 (previously reported on a Form 4) vest in 25% increments per year.

F3: 16,000 shares granted on 1/31/2005 (previously reported on a Form 4) vest in 25% increments per year.

F4: 16,000 shares granted on 4/20/2004 (previously reported on a Form 4) vested in 25% increments per year.