SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MULLER KLAUS PETER
(Last) (First) (Middle)
COMMERZBANK AG
KAISERPLATZ
(Street)
FRANKFURT AM MAIN, GERMANY D-60261
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PARKER HANNIFIN CORP [ PH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/25/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/25/2006 F 305(1) D $83.43 9,028 D
Common Stock 10/25/2006 M 48(2) A $69.76 9,076 D
Common Stock 10/25/2006 M 118(3) A $66.75 9,194 D
Common Stock 10/25/2006 M 174(4) A $66.75 9,368 D
Common Stock 10/25/2006 M 570(5) A $54.39 9,938 D
Common Stock 10/25/2006 M 297(6) A $65.65 10,235 D
Common Stock 10/25/2006 M 95(7) A $66.75 10,330 D
Common Stock 10/25/2006 M 117(8) A $66.75 10,447 D
Common Stock 10/25/2006 F 423(9) D $83.77 10,024 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Buy $69.76 10/25/2006 M 290(2) 10/27/2005 08/06/2012 Common Stock 290(2) $0(10) 0 D
Option to Buy $66.75 10/25/2006 M 583(3) 09/16/2006 08/08/2010 Common Stock 583(3) $0(10) 0 D
Option to Buy $66.75 10/25/2006 M 857(4) 09/16/2006 08/12/2013 Common Stock 857(4) $0(10) 0 D
Option to Buy $54.39 10/25/2006 M 1,625(5) (11) 08/10/2014 Common Stock 1,625(5) $0(12) 0 D
Option to Buy $83.38 10/25/2006 A 1,055 10/25/2007 08/10/2014 Common Stock 1,055 $0(10) 1,055 D
Option to Buy $65.65 10/25/2006 M 1,375(6) (13) 08/09/2015 Common Stock 1,375(6) $0(10) 1,375 D
Option to Buy $83.38 10/25/2006 A 1,078 10/25/2007 08/09/2015 Common Stock 1,078 $0(10) 1,078 D
Option to Buy $66.75 10/25/2006 M 469(7) 09/16/2006 08/07/2011 Common Stock 469(7) $0(10) 0 D
Option to Buy $83.38 10/25/2006 A 374 10/25/2007 08/07/2011 Common Stock 374 $0(10) 374 D
Option to Buy $66.75 10/25/2006 M 578(8) 09/16/2006 08/10/2009 Common Stock 578(8) $0(10) 0 D
Option to Buy $83.38 10/25/2006 A 461 10/25/2007 08/10/2009 Common Stock 461 $0(10) 461 D
Explanation of Responses:
1. Shares withheld for taxes upon vesting of restricted stock issued to Mr. Mueller pursuant to the Corporation's Non-Employee Directors Stock Plan in a transaction exempt under Rule 16b-3.
2. "Pyramid" stock option exercise resulting in net acquisition of 48 shares.
3. "Pyramid" stock option exercise resulting in net acquisition of 118 shares.
4. "Pyramid" stock option exercise resulting in net acquisition of 174 shares.
5. "Pyramid" stock option exercise resulting in net acquisition of 570 shares.
6. "Pyramid" stock option exercise resulting in net acquisition of 297 shares.
7. "Pyramid" stock option exercise resulting in net acquisition of 95 shares.
8. "Pyramid" stock option exercise resulting in net acquisition of 117 shares.
9. Aggregate of shares withheld for taxes from stock option exercises
10. Granted under the Corporation's 2004 Non-Employee Directors' Stock Incentive Plan in a transaction exempt under Rule 16b-3.
11. The option vested in two equal installments on 8/11/2005 and 8/11/2006.
12. Granted under the Corporation's Non-Employee Directors Stock Option Plan in a transaction exempt under Rule 16b-3.
13. The option vests in two equal installments on 8/10/2006 and 8/10/2007.
Remarks:
Joseph R. Leonti, Attorney-in-Fact 10/27/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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