UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person COLLINS, DUANE E PARKER HANNIFIN CORPORATION 6035 PARKLAND BOULEVARD CLEVELAND, OH 44124 USA 2. Issuer Name and Ticker or Trading Symbol PARKER HANNIFIN CORPORATION PH 3. IRS or Social Security Number of Reporting Person (Voluntary) ###-##-#### 4. Statement for Month/Year September 30, 2000 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Chairman of the Board and Chief Executive Officer 7. 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 |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock | | | | | | |41,850 |I |wife | - -----------------------------------------------------------------------------------------------------------------------------------| Common Stock | | | | | | |22,738.7080(1) |I |(1) | - -----------------------------------------------------------------------------------------------------------------------------------| Common Stock | | | | | | |68,675 |D | | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| Options to Buy |$11.7780|9/1/0|M | |45,000(2) |D |2/1/9|1/31/|Common Stock|45,000(|(3) |0(4) |D | | | |0 | | | | |2 |01 | |2) | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Options to Buy |$35.9375|8/9/0|A |V|52,705 |A |8/9/0|8/8/1|Common Stock|52,705 |(5) |52,705(4) |D | | | |0 | | | | |1 |0 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Options to Buy |$35.9375|8/9/0|A |V|52,705 |A |8/9/0|8/8/1|Common Stock|52,705 |(5) |52,705(4) |D | | | |0 | | | | |2 |0 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Phanom Stock |1-for-1 |9/1/0|M(6)| |29,776(2) |A | | |Common Stock|29,776 |(6) |59,215 |I |(6) | | |0 | | | | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: (1) Parker Retirement Savings Plan, as of June 30, 2000, the latest date for which information is available. (2) "Pyramid" stock option exercise resulting in net acquisition of 29,776 "phantom" shares (see footnote 6). (3) Granted under the Corporation's Employee Stock Option Plan in a transaction exempt under Rule 16b-3. (4) In addition to the options reported hereon, Mr. Collins also owns 500,619 additional stock options granted pursuant to the Corporation's Employee Stock Option Plans at various exercise prices and expiration dates, as previously reported. (5) Granted under the Corporation's 1993 Employee Stock Incentive Program in a transaction exempt under Rule 16b-3. (6) "Phantom" shares allocated upon "pyramid" exercise of a stock option pursuant to the Corporation's Stock Option Deferral Plan in a transaction exempt under Rule 16b-3. SIGNATURE OF REPORTING PERSON Thomas L. Meyer, Attorney-in-Fact DATE October 10, 2000