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 OH 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)
Code V Amount (A) or (D) Price
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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