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>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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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)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common stock |(1) |B(1)|V|324.0577 |A |(1) |8622.8033(2) |I |(1) |
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Common stock |8/22/9|A(3)|V|3,030 |A |(3) |5,221 |D | |
|6 | | | | | | | | |
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Common stock | | | | | | |28 |I |Wife |
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Common stock |9/13/9|S | |4,500 |D |$41.00 |50 |I |Family Trust |
|6 | | | | | | | | |
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Common stock | | | | | | |1 |I |Joint with wife |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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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)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
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
