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 Wilkerson, William D. 18321 Jamboree Blvd. Irvine, CA 92715 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 - Technical Director 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|324.0577 |A |(1) |8622.8033(2) |I |(1) | - -----------------------------------------------------------------------------------------------------------------------------------| Common stock |8/22/9|A(3)|V|3,030 |A |(3) |5,221 |D | | |6 | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Common stock | | | | | | |28 |I |Wife | - -----------------------------------------------------------------------------------------------------------------------------------| Common stock |9/13/9|S | |4,500 |D |$41.00 |50 |I |Family Trust | |6 | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Common stock | | | | | | |1 |I |Joint with wife | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ 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 |(4) |5,700(5) |D | | | |96 | | | | |97 |06 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: (1) During the period January 1, 1996, through June 30, 1996, Mr. Wilkerson acquired shares in the Parker-Hannifin Corporation Retirement Savings Plan, a Rule 16b-3 plan, as follows: (a) 187.9733 shares through the reinvestment of dividends and contributions to the Plan at an average cost of $38.3209 per share; and (b) 136.0844 shares through matching contributions by the Corporation of an average of $34.7957 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 Rule 16b-3(d). (4) Granted under the Parker-Hannifin Corporation 1993 Stock Incentive Program in a transaction exempt under Section 16b-3(d). (5) Mr. Wilkerson also owns 41,400 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