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*
MAZZALUPI GIULIO

(Last) (First) (Middle)
LARGO OLGIATA
15 ISOLA 2A2

(Street)
ROMA, ITALY 00123

(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)
10/29/2007
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 10/29/2007 M 788(1)(2) A $30(1) 14,734 D
Common Stock 10/29/2007 M 1,146(1)(3) A $23.9584(1) 15,880 D
Common Stock 10/29/2007 M 654(1)(4) A $29.6134(1) 16,534 D
Common Stock 10/29/2007 M 993(1)(5) A $26.56(1) 17,527 D
Common Stock 10/29/2007 M 1,078(1)(6) A $31.5267(1) 18,605 D
Common Stock 10/29/2007 F 1,400(1) D $78.53 17,205 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 $30(1) 10/29/2007 M 1,275(1)(2) (7) 08/10/2009 Common Stock 1,275(1)(2) $0(12) 0 D
Option to Buy $23.9584(1) 10/29/2007 M 1,650(1)(3) (8) 08/08/2010 Common Stock 1,650(1)(3) $0(12) 0 D
Option to Buy $29.6134(1) 10/29/2007 M 1,050(1)(4) (9) 08/07/2011 Common Stock 1,050(1)(4) $0(12) 0 D
Option to Buy $26.56(1) 10/29/2007 M 1,500(1)(5) (10) 08/06/2012 Common Stock 1,500(1)(5) $0(12) 0 D
Option to Buy $31.5267(1) 10/29/2007 M 1,800(1)(6) (11) 08/12/2013 Common Stock 1,800(1)(6) $0(12) 0 D
Option to Buy $79.42 10/29/2007 A 487 10/29/2008 08/10/2009 Common Stock 487 $0(13) 487 D
Option to Buy $79.42 10/29/2007 A 504 10/29/2008 08/08/2010 Common Stock 504 $0(13) 504 D
Option to Buy $79.42 10/29/2007 A 396 10/29/2008 08/07/2011 Common Stock 396 $0(13) 396 D
Option to Buy $79.42 10/29/2007 A 507 10/29/2008 08/06/2012 Common Stock 507 $0(13) 507 D
Option to Buy $79.42 10/29/2007 A 722 10/29/2008 08/12/2013 Common Stock 722 $0(13) 722 D
Explanation of Responses:
1. Reflects 3-shares-for-2 stock split effected in the form of a stock dividend issued on October 1, 2007.
2. "Pyramid" stock option exercise resulting in net acquisition of 788 shares.
3. "Pyramid" stock option exercise resulting in net acquisition of 1,146 shares.
4. "Pyramid" stock option exercise resulting in net acquisition of 654 shares.
5. "Pyramid" stock option exercise resulting in net acquisition of 993 shares.
6. "Pyramid" stock option exercise resulting in net acquisition of 1,078 shares.
7. The option vested in two equal installments on 8/11/2000 and 8/11/2001.
8. The option vested in two equal installments on 8/9/2001 and 8/9/2002.
9. The option vested in two equal installments on 8/8/2002 and 8/8/2003.
10. The option vested in two equal installments on 8/7/2003 and 8/7/2004.
11. The option vested in two equal installments on 8/13/2004 and 8/13/2005.
12. Granted under the Corporation's Non-Employee Directors Stock Option Plan in a transaction exempt under Rule 16b-3.
13. Granted under the Corporation's 2004 Non-Employee Directors' Stock Incentive Plan in a transaction exempt under Rule 16b-3.
Remarks:
Joseph R. Leonti, Attorney-in-Fact 10/30/2007
** 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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