SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
Cullman Jeffery A

(Last) (First) (Middle)
PARKER-HANNIFIN CORPORATION
6035 PARKLAND BOULEVARD

(Street)
CLEVELAND OH 44124-4141

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/25/2006
3. Issuer Name and Ticker or Trading Symbol
PARKER HANNIFIN CORP [ PH ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, President - Hydraulics Grp
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 76.984 I Parker Retirement Savings Plan
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock (1) (1) Common Stock 154.958 (1) I Parker-Hannifin Corporation Savings Restoration Plan
Option to Buy (2) 08/10/2014 Common Stock 3,700 54.39 D
Stock Appreciation Right (3) 08/09/2015 Common Stock 8,100 65.65 D
Stock Appreciation Right (4) 08/15/2016 Common Stock 10,200 74.63 D
Explanation of Responses:
1. Each share of phantom stock is the economic equivalent of one share of Parker common stock. The shares of phantom stock will be settled in cash upon termination of his employment, whether voluntary or involuntary, with Parker.
2. The option vested in two equal installments on 8/11/2005 and 8/11/2006.
3. The SAR vests in three equal installments on 8/10/2006, 8/10/2007 and 8/10/2008.
4. The SAR vests in three equal installments on 8/16/2007, 8/16/2008 and 8/16/2009.
Remarks:
Joseph R. Leonti, Attorney-in-Fact 11/06/2006
** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.