SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

1. Name and Address of Reporting Person^*

PUGH DAVID L

(Last)

(First)

(Middle)

ONE APPLIED PLAZA

(Street)

CLEVELAND

441155056

(City)

(State)

(Zip)

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

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

4. 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 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

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$9.479							01/04/2000⁽³⁾	01/04/2009	Common Stock	90,000		90,000⁽⁴⁾	D
Employee Stock Option (Right to Buy)	$11.146							01/20/2001⁽³⁾	01/20/2010	Common Stock	90,000		90,000⁽⁴⁾	D
Employee Stock Option (Right To Buy)	$12.896							01/18/2002⁽³⁾	01/18/2011	Common Stock	195,000		195,000⁽⁴⁾	D
Employee Stock Option (Right to Buy)	$11.883							08/09/2002⁽³⁾	08/09/2011	Common Stock	225,000		225,000⁽⁴⁾	D
Employee Stock Option (Right to Buy)	$10.41							08/06/2003⁽³⁾	08/06/2012	Common Stock	300,000		300,000⁽⁴⁾	D
Employee Stock Option (Right to Buy)	$14.197							08/08/2004⁽³⁾	08/08/2013	Common Stock	170,670		170,670⁽⁴⁾	D
Stock Appreciation Rights	$19.36							08/06/2005⁽⁵⁾	08/06/2014	Common Stock	96,000		96,000⁽⁴⁾	D

Explanation of Responses:

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.

Remarks:

	By: Dianne Misenko/POA for David L. Pugh	02/08/2005
	** 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 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).
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