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 Garey, Daniel T. 17325 Euclid Avenue Cleveland, OH 44112 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 9/96 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Vice President - Human Resources 7. Individual or Joint/Group Filing (Check Applicable Line) ( ) 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 |(1) |B(1)|V|137.6892 |A |(1) |2151.6088(2) |I |(1) | - -----------------------------------------------------------------------------------------------------------------------------------| Common stock |8/22/9|A(3)|V|1,515 |A |(3) |2,940 |D | | |6 | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Common stock | | | | | | |150 |I |Wife | - -----------------------------------------------------------------------------------------------------------------------------------| Common stock | | | | | | |90.313 |I |(4) | - -----------------------------------------------------------------------------------------------------------------------------------| Common stock | | | | | | |1.851 |I |(5) | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ 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)| | ___________________________________________________________________________________________________________________________________| Option to buy |$37.00 |8/15/|A |V|5,700 |A |8/15/|8/14/|Common stock|5,700 |(6) |5,700(7) |D | | | |96 | | | | |97 |06 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: (1) During the period January 1, 1996, through June 30, 1996, Mr. Garey acquired shares in the Parker-Hannifin Corporation Retirement Savings Plan, a Rule 16b-3 plan, as follows: (a) 0.1306 shares through the reinvestment of dividends at an average cost of $37.5957 per share; and (b) 137.5586 shares through matching contributions by the Corporation at an average of $25.8003 per share. (2) As of June 30, 1996, the latest date for which information is available. (3) Award of restricted stock under the Corporation's 1993 Stock Incentive Program in a transaction exempt under Section 13b-3(d). (4) Dividend Reinvestment Plan. (5) Wife - Dividend Reinvestment Plan. (6) Granted under the Parker-Hannifin Corporation 1993 Stock Incentive Program in a transaction exempt under Section 16b-3(d). (7) Mr. Garey also owns 12,150 additional options granted pursuant to the Corporation's Employee Stock Option Plans at various exercise prices and expiration dates, as previously reported. SIGNATURE OF REPORTING PERSON Thomas L. Meyer, Attorney-in-Fact DATE October 10, 1996