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*
PISTELL TIMOTHY K

(Last) (First) (Middle)
PARKER-HANNIFIN CORPORATION
6035 PARKLAND BOULEVARD

(Street)
CLEVELAND OH 44124-4141

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PARKER HANNIFIN CORP [ PH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP- Finance Admin/CFO
3. Date of Earliest Transaction (Month/Day/Year)
04/29/2010
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)
Code V Amount (A) or (D) Price
Common Stock 7,675.842 I Parker Retirement Savings Plan
Common Stock 3,514 I Linda S. Pistell Revocable Trust
Common Stock 04/29/2010 M 12,249 A $43.7667 103,660 D
Common Stock 04/29/2010 F 9,002 D $71.05 94,658 D
Common Stock 04/29/2010 M 26,700 A $49.7534 121,358 D
Common Stock 04/29/2010 F 21,179 D $71.03 100,179 D
Common Stock 04/29/2010 S 500 D $71.052 99,679 D
Common Stock 04/29/2010 S 100 D $71.01 99,579 D
Common Stock 04/29/2010 S 389 D $71.021 99,190 D
Common Stock 04/29/2010 S 200 D $71.041 98,990 D
Common Stock 04/29/2010 S 200 D $71.031 98,790 D
Common Stock 04/29/2010 S 2,700 D $70.974 96,090 D
Common Stock 04/29/2010 S 524 D $70.972 95,566 D
Common Stock 04/29/2010 S 300 D $70.982 95,266 D
Common Stock 04/29/2010 S 400 D $70.99 94,866 D
Common Stock 04/29/2010 S 1,358 D $71.001 93,508 D
Common Stock 04/29/2010 S 1,300 D $71.002 92,208 D
Common Stock 04/29/2010 S 297 D $71.011 91,911 D
Common Stock 04/29/2010 S 500 D $71.012 91,411 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Buy $43.7667 04/29/2010 M 12,249 (1) 08/09/2015 Common Stock 12,249 $0(3) 0 D
Option to Buy $49.7534 04/29/2010 M 26,700 (2) 08/15/2016 Common Stock 26,700 $0(3) 0 D
Explanation of Responses:
1. The option vested in three equal installments on 8/10/2006, 8/10/2007 and 8/10/2008.
2. The option vested in three equal installments on 8/16/2007, 8/16/2008 and 8/16/2009.
3. Granted under the Corporation's 2003 Stock Incentive Plan in a transaction exempt under Rule 16b-3.
Remarks:
Joseph R. Leonti, Attorney-in-Fact 04/29/2010
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.