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
COLLINS, DUANE E
PARKER HANNIFIN CORPORATION
6035 PARKLAND BOULEVARD
CLEVELAND, OH 44124
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
September 30, 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman of the Board and Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) 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 | | | | | | |41,850 |I |wife |
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Common Stock | | | | | | |22,738.7080(1) |I |(1) |
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Common Stock | | | | | | |68,675 |D | |
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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>
Options to Buy |$11.7780|9/1/0|M | |45,000(2) |D |2/1/9|1/31/|Common Stock|45,000(|(3) |0(4) |D | |
| |0 | | | | |2 |01 | |2) | | | | |
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Options to Buy |$35.9375|8/9/0|A |V|52,705 |A |8/9/0|8/8/1|Common Stock|52,705 |(5) |52,705(4) |D | |
| |0 | | | | |1 |0 | | | | | | |
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Options to Buy |$35.9375|8/9/0|A |V|52,705 |A |8/9/0|8/8/1|Common Stock|52,705 |(5) |52,705(4) |D | |
| |0 | | | | |2 |0 | | | | | | |
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Phanom Stock |1-for-1 |9/1/0|M(6)| |29,776(2) |A | | |Common Stock|29,776 |(6) |59,215 |I |(6) |
| |0 | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Parker Retirement Savings Plan, as of June 30, 2000, the latest date for
which information is available.
(2) "Pyramid" stock option exercise resulting in net acquisition of 29,776
"phantom" shares (see footnote 6).
(3) Granted under the Corporation's Employee Stock Option Plan in a
transaction exempt under Rule 16b-3.
(4) In addition to the options reported hereon, Mr. Collins also owns 500,619
additional stock options granted pursuant to the Corporation's Employee Stock
Option Plans at various exercise prices
and expiration dates, as previously
reported.
(5) Granted under the Corporation's 1993 Employee Stock Incentive Program in a
transaction exempt under Rule 16b-3.
(6) "Phantom" shares allocated upon "pyramid" exercise of a stock option
pursuant to the Corporation's Stock Option Deferral Plan in a transaction
exempt under Rule 16b-3.
SIGNATURE OF REPORTING PERSON
Thomas L. Meyer, Attorney-in-Fact
DATE
October 10, 2000
