X0202 4 2007-01-11 0 0000031277 EATON CORP ETN 0001188585 CUTLER ALEXANDER M EATON CENTER 1111 SUPERIOR AVE. CLEVELAND OH 44114 1 1 0 0 Chairman and CEO; President Common Shares 2007-01-11 4 M 0 33613 30.91 A 201936 D Common Shares 2007-01-11 4 S 0 100 74.34 D 201836 D Common Shares 2007-01-11 4 S 0 100 74.29 D 201736 D Common Shares 2007-01-11 4 S 0 200 74.27 D 201536 D Common Shares 2007-01-11 4 S 0 100 74.24 D 201436 D Common Shares 2007-01-11 4 S 0 100 74.23 D 201336 D Common Shares 2007-01-11 4 S 0 100 74.22 D 201236 D Common Shares 2007-01-11 4 S 0 200 74.20 D 201036 D Common Shares 2007-01-11 4 S 0 100 74.19 D 200936 D Common Shares 2007-01-11 4 S 0 100 74.18 D 200836 D Common Shares 2007-01-11 4 S 0 400 74.15 D 200436 D Common Shares 2007-01-11 4 S 0 200 74.14 D 200236 D Common Shares 2007-01-11 4 S 0 200 74.13 D 200036 D Common Shares 2007-01-11 4 S 0 300 74.12 D 199736 D Common Shares 2007-01-11 4 S 0 400 74.11 D 199336 D Common Shares 2007-01-11 4 S 0 100 74.10 D 199236 D Common Shares 2007-01-11 4 S 0 500 74.09 D 198736 D Common Shares 2007-01-11 4 S 0 400 74.08 D 198336 D Common Shares 2007-01-11 4 S 0 400 74.07 D 197936 D Common Shares 2007-01-11 4 S 0 300 74.06 D 197636 D Common Shares 2007-01-11 4 S 0 400 74.05 D 197236 D Common Shares 2007-01-11 4 S 0 300 74.04 D 196936 D Common Shares 2007-01-11 4 S 0 300 74.03 D 196636 D Common Shares 2007-01-11 4 S 0 200 74.02 D 196436 D Common Shares 2007-01-11 4 S 0 300 74.01 D 196136 D Common Shares 2007-01-11 4 S 0 400 74.00 D 195736 D Common Shares 2007-01-11 4 S 0 300 73.99 D 195436 D Common Shares 2007-01-11 4 S 0 529 73.98 D 194907 D Common Shares 2007-01-11 4 S 0 500 73.97 D 194407 D Common Shares 2007-01-11 4 S 0 700 73.96 D 193707 D Stock Option 30.91 2007-01-11 4 M 0 33613 30.91 D 1997-07-21 2007-01-21 Common Shares 33613 169683 D The exercise of options reported in this Form 4 were effected pursuant to a Rule 105b-1 trading plan adopted by the reporting person on June 12, 2006. Certain of these shares represent restricted shares issued under an Eaton Corporation stock plan and are subject to risk of forfeiture. The sale of shares reported in this Form 4 were effected pursuant to a Rule 105b-1 trading plan adopted by the reporting person on June 12, 2006. This field is not applicable. 1997 Performance Options - 50% of these options vested when a market price goal for Eaton shares was met. The remaining 50% vested on January 11, 2007 (10 days before the expiration of their ten-year term). /s/ Sean T. Peppard as attorney-in-fact 2007-01-16