SEC FORM 4

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^*

WASHKEWICZ DONALD E

(Last)

(First)

(Middle)

PARKER-HANNIFIN CORPORATION

6035 PARKLAND BOULEVARD

(Street)

CLEVELAND

44124-4141

(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
X	Officer (give title below)	Other (specify below)
Chairman, CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2007

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								24,275.853	I	Parker Retirement Savings Plan
Common Stock								989⁽¹⁾	I	Ann Washkewicz Revocable Trust
Common Stock								1,260⁽²⁾	I	As UGMA custodian for son
Common Stock								1,260⁽²⁾	I	By daughter
Common Stock								1,260⁽²⁾	I	By daughter
Common Stock	05/11/2007		G	V	22,137	D	$0	5,253	I	Pamela Washkewicz Revocable Trust
Common Stock	05/11/2007		G	V	22,137	A	$0	237,508	D
Common Stock	05/21/2007		M		104⁽³⁾	A	$83.7	237,612	D
Common Stock	05/21/2007		M		5,563⁽⁴⁾	A	$43.21	243,175	D
Common Stock	05/21/2007		F		2,378	D	$96.82	240,797	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	$83.7	05/21/2007		M			771⁽³⁾	04/24/2007	10/30/2007	Common Stock	771⁽³⁾	$0⁽⁵⁾	0	D
Common Stock	$43.21	05/21/2007		M			10,046⁽⁴⁾	07/15/2004	08/11/2008	Common Stock	10,046⁽⁴⁾	$0⁽⁶⁾	0	D
Common Stock	$96.66	05/21/2007		A		4,483		05/21/2008	08/11/2008	Common Stock	4,483	$0⁽⁵⁾	4,483	D

Explanation of Responses:

1. Reflects Mr. Washkewicz's proportionate interest.

2. Mr. Washkewicz disclaims beneficial ownership of these securities and this report shall not be deemed an admission that Mr. Washkewicz is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

3. "Pyramid" stock option exercise resulting in net acquisition of 104 shares.

4. "Pyramid" stock option exercise resulting in net acquisition of 5,563 shares.

5. Granted under the Corporation's 2003 Stock Incentive Plan in a transaction exempt under Rule 16b-3.

6. Granted under the Corporation's 1993 Stock Incentive Program in a transaction exempt under Rule 16b-3.

Remarks:

	Joseph R. Leonti, Attorney-in-Fact	05/22/2007
	** 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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