Edgar Filing: APPLIED INDUSTRIAL TECHNOLOGIES INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

PUGH DAVID L

2. Issuer Name and Ticker or Trading Symbol
APPLIED INDUSTRIAL TECHNOLOGIES INC [AIT]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chairman & CEO

(Last)

(First)

(Middle)

ONE APPLIED PLAZA

3. Date of Earliest Transaction (Month/Day/Year)
02/07/2005

(Street)

CLEVELAND, OH 441155056

4. If Amendment, Date 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

(City)

(State)

(Zip)

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/07/2005		F		4,537 ⁽¹⁾	D	$ 29.35	91,763 ⁽²⁾	D
Common Stock								85,957.5 ⁽²⁾	I	Deferred Compensation Plan
Common Stock								1,510.81 ⁽²⁾	I	Retirement Savings Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (Right to Buy)

$ 9.479

01/04/2000⁽³⁾

01/04/2009

Common Stock

90,000

90,000 ⁽⁴⁾

Employee Stock Option (Right to Buy)

$ 11.146

01/20/2001⁽³⁾

01/20/2010

Common Stock

90,000

90,000 ⁽⁴⁾

Employee Stock Option (Right To Buy)

$ 12.896

01/18/2002⁽³⁾

01/18/2011

Common Stock

195,000

195,000 ⁽⁴⁾

Employee Stock Option (Right to Buy)

$ 11.883

08/09/2002⁽³⁾

08/09/2011

Common Stock

225,000

225,000 ⁽⁴⁾

Employee Stock Option (Right to Buy)

$ 10.41

08/06/2003⁽³⁾

08/06/2012

Common Stock

300,000

300,000 ⁽⁴⁾

Employee Stock Option (Right to Buy)

$ 14.197

08/08/2004⁽³⁾

08/08/2013

Common Stock

170,670

170,670 ⁽⁴⁾

Stock Appreciation Rights

$ 19.36

08/06/2005⁽⁵⁾

08/06/2014

Common Stock

96,000

96,000 ⁽⁴⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
PUGH DAVID L ONE APPLIED PLAZA CLEVELAND, OH 441155056	X		Chairman & CEO

Signatures

By: Dianne Misenko/POA for David L. Pugh		02/08/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Withholding of shares of common stock to satisfy tax obligations arising from vesting of restricted stock.
(2)	Share balance adjusted to reflect the effect of the 3 for 2 stock split paid on 12/17/04.
(3)	These options become exercisable in annual increments of 25% commencing one year after the date of grant.
(4)	Both share balance and share price adjusted to reflect the effect of the 3 for 2 stock split paid on 12/17/04.
(5)	Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.

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