TIMKEN CO — Director's Dealing 2011

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMKEN CO (TKR)
CIK: 0000098362
Period of Report: 2010-12-31

Reporting Person: GRIFFITH JAMES W (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-31	Common Stock	M	1536	—	Acquired	314202	Direct
2010-12-31	Common Stock	F	637	$48.00	Disposed	313565	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-31	Dividend Equivalent Rights	$0	M	1536	Disposed		Common Stock (1536)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23661	Indirect

Footnotes

F1: The security converts to Common Stock on a one for one basis

F2: Reflects the issuance of shares in payment of deferred dividend credits on employee stock options which vested and became payable at the rate of one share for each dividend credit on December 31, 2010

F3: Not Applicable