Edgar Filing: PALL CORP

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â SALERNO ROBERT

2. Date of Event Requiring Statement (Month/Day/Year)
11/15/2006

3. Issuer Name and Ticker or Trading Symbol
PALL CORP [PLL]

(Last)

(First)

(Middle)

PALL CORPORATION,Â 2200 NORTHERN BLVD.

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
Group Controller

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

EAST HILLS,Â NYÂ 11548

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	20	D	Â
Common Stock	51.5132	I	By Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	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 control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Options (Rights to Buy)	11/04/2005	11/03/2012	Common Stock	1,500	$ 17.84	D	Â
Employee Stock Options (Rights to Buy)	11/04/2006	11/03/2012	Common Stock	1,500	$ 17.84	D	Â
Employee Stock Options (Rights to Buy)	07/27/2006	07/27/2012	Common Stock	400	$ 30.83	D	Â
Employee Stock Options (Rights to Buy)	07/27/2007	07/27/2012	Common Stock	400	$ 30.83	D	Â
Employee Stock Options (Rights to Buy)	07/27/2008	07/27/2012	Common Stock	400	$ 30.83	D	Â
Employee Stock Options (Rights to Buy)	07/27/2009	07/27/2012	Common Stock	400	$ 30.83	D	Â
Employee Stock Options (Rights to Buy)	07/27/2007	07/27/2013	Common Stock	500	$ 25.85	D	Â
Employee Stock Options (Rights to Buy)	07/27/2008	07/27/2013	Common Stock	500	$ 25.85	D	Â
Employee Stock Options (Rights to Buy)	07/27/2009	07/27/2013	Common Stock	500	$ 25.85	D	Â
Employee Stock Options (Rights to Buy)	07/27/2010	07/27/2013	Common Stock	500	$ 25.85	D	Â
Restricted Stock Units	07/27/2009	07/27/2009	Common Stock	1,145.74 ⁽¹⁾	$ ⁽²⁾	D	Â
Restricted Stock Units	07/27/2010	07/27/2010	Common Stock	1,405.65 ⁽³⁾	$ ⁽²⁾	D	Â
Bonus Units	09/11/2007⁽⁴⁾	09/11/2007⁽⁴⁾	Common Stock	481.95 ⁽⁵⁾	$ 0 ⁽⁶⁾	D	Â
Base Salary Units	01/31/2008⁽⁴⁾	01/31/2008⁽⁴⁾	Common Stock	156.98 ⁽⁷⁾	$ 0 ⁽⁶⁾	D	Â
Base Salary Units	07/31/2008⁽⁴⁾	07/31/2008⁽⁴⁾	Common Stock	173.7 ⁽⁸⁾	$ 0 ⁽⁶⁾	D	Â
Bonus Units	09/17/2008⁽⁴⁾	09/17/2008⁽⁴⁾	Common Stock	302.08 ⁽⁹⁾	$ 0 ⁽⁶⁾	D	Â
Base Salary Units	01/31/2009⁽⁴⁾	01/31/2009⁽⁴⁾	Common Stock	171.44 ⁽¹⁰⁾	$ 0 ⁽⁶⁾	D	Â
Base Salary Units	07/31/2009⁽⁴⁾	07/31/2009⁽⁴⁾	Common Stock	174.5 ⁽¹¹⁾	$ 0 ⁽⁶⁾	D	Â
Bonus Units	09/30/2009⁽⁴⁾	09/30/2009⁽⁴⁾	Common Stock	488.19 ⁽¹²⁾	$ 0 ⁽⁶⁾	D	Â
Base Salary Units	01/31/2010⁽⁴⁾	01/31/2010⁽⁴⁾	Common Stock	252.1 ⁽¹³⁾	$ 0 ⁽⁶⁾	D	Â
Base Salary Units	07/31/2010⁽⁴⁾	07/31/2010⁽⁴⁾	Common Stock	431.18 ⁽¹⁴⁾	$ 0 ⁽⁶⁾	D	Â
Bonus Units	09/29/2010⁽⁴⁾	09/29/2010⁽⁴⁾	Common Stock	1,226.1	$ 0 ⁽⁶⁾	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SALERNO ROBERT PALL CORPORATION 2200 NORTHERN BLVD. EAST HILLS,Â NYÂ 11548	Â	Â	Â	Group Controller

Signatures

Robert Salerno		11/27/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	This amount includes 20.74 dividend equivalent units.
(2)	The Units will vest and become convertible into shares of Common Stock of the Issuer on a one-for-one basis on the date shown in Column 2 provided the Reporting Person is still employed by the Issuer or a subsidiary on that date. If employment terminates sooner, the Units will be forfeited unless termination of employment occurs because of death, disability, retirement, or termination of employment without cause, in any of which events the Units may vest in whole or in part.
(3)	This amount includes 5.65 dividend equivalent units.
(4)	The Date Exercisable (vesting date) and the Expiration Date are the fourth anniversary date of the allocation date or, if sooner, the date on which the reporting person's employment with the Issuer terminates, or, if later, the date to which the reporting person elects to defer receipt of common stock beyond the vesting date.
(5)	This amount includes 20.61 dividend equivalent units.
(6)	1 for 1, subject to adjustments if the reporting person's employment with the Issuer terminates under certain circumstances prior to the fourth anniversary of the date on which the units were granted.
(7)	This amount includes 6.17 dividend equivalent units.
(8)	This amount includes 5.59 dividend equivalent units.
(9)	This amount includes 8.61 dividend equivalent units.
(10)	This amount includes 4.34 dividend equivalent units.
(11)	This amount includes 3.16 dividend equivalent units.
(12)	This amount includes 7.18 dividend equivalent units.
(13)	This amount includes 2.82 dividend equivalent units.
(14)	This amount includes 1.74 dividend equivalent units.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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