SEC FORM 3

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^*

Chung Yoon Michael

(Last)

(First)

(Middle)

PARKER HANNIFIN HONG KONG LTD.

8/F KIN YIP PLAZA, 9 CHEUNG YEE ST.

(Street)

CHEUNG SHA WAN, KOWLOON

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2008

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-Asia Pacific 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	4,337.671	I	Parker Retirement Savings Plan
Common Stock	4	D

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Option to Buy	⁽¹⁾	08/10/2014	Common Stock	6,000	36.26	D
Stock Appreciation Right	⁽²⁾	08/09/2015	Common Stock	7,800	43.7667	D
Stock Appreciation Right	⁽³⁾	08/15/2016	Common Stock	8,100	49.7534	D
Stock Appreciation Right	⁽⁴⁾	08/14/2017	Common Stock	8,235	60.9334	D

Explanation of Responses:

1. The option vested in two equal installments on 8/11/2005 and 8/11/2006.

2. The SAR vests in three equal installments on 8/10/2006, 8/10/2007 and 8/10/2008.

3. The SAR vests in three equal installments on 8/16/2007, 8/16/2008 and 8/16/2009.

4. The SAR vests in three equal installments on 8/15/2008, 8/15/2009 and 8/15/2010.

Remarks:

	Joseph R. Leonti, Attorney-in-Fact	03/10/2008
	** 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.