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 *
  GRECO STEVEN A
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, 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 Financial Officer
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

EAST HILLS, NY 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 6,351
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Rights To Buy) 10/03/2006 10/02/2012 Common Stock 1,925 $ 16.13 D  
Employee Stock Options (Rights To Buy) 07/27/2006 07/27/2012 Common Stock 400 $ 30.83 D  
Employee Stock Options (Rights To Buy) 07/27/2007 07/27/2012 Common Stock 400 $ 30.83 D  
Employee Stock Options (Rights To Buy) 07/27/2008 07/27/2012 Common Stock 400 $ 30.83 D  
Employee Stock Options (Rights To Buy) 07/27/2009 07/27/2012 Common Stock 400 $ 30.83 D  
Employee Stock Options (Rights To Buy) 07/27/2007 07/27/2013 Common Stock 600 $ 25.85 D  
Employee Stock Options (Rights To Buy) 07/27/2008 07/27/2013 Common Stock 600 $ 25.85 D  
Employee Stock Options (Rights To Buy) 07/27/2009 07/27/2013 Common Stock 600 $ 25.85 D  
Employee Stock Options (Rights To Buy) 07/27/2010 07/27/2013 Common Stock 600 $ 25.85 D  
Restricted Stock Units 07/27/2009 07/27/2009 Common Stock 1,145.74 (1) $ (3) D  
Restricted Stock Units 07/27/2010 07/27/2010 Common Stock 1,606.46 (2) $ (3) D  
Base Salary Units 01/31/2004(4) 09/03/2007 Common Stock 474.97 (5) $ 0 (6) D  
Base Salary Units 07/31/2004(4) 08/01/2007 Common Stock 478.19 (7) $ 0 (6) D  
Base Salary Units 07/31/2005(4) 08/01/2008 Common Stock 632.98 (8) $ 0 (6) D  
Bonus Units 09/12/2005(4) 01/02/2008 Common Stock 1,148.16 (9) $ 0 (6) D  
Bonus Units 09/11/2007(10) 09/11/2007(10) Common Stock 3,979.39 (11) $ 0 (12) D  
Base Salary Units 01/31/2008(10) 01/31/2008(10) Common Stock 470.94 (13) $ 0 (12) D  
Base Salary Units 07/31/2008(10) 07/31/2008(10) Common Stock 521.08 (14) $ 0 (12) D  
Base Salary Units 01/31/2009(10) 01/31/2009(10) Common Stock 411.45 (15) $ 0 (12) D  
Cash Payment Units 01/31/2009(10) 01/31/2009(10) Common Stock 1,904.88 (16) $ 0 (12) D  
Base Salary Units 07/31/2009(10) 07/31/2009(10) Common Stock 418.81 (17) $ 0 (12) D  
Bonus Units 09/30/2009(10) 09/30/2009(10) Common Stock 1,743.2 (18) $ 0 (12) D  
Base Salary Units 01/31/2010(10) 01/31/2010(10) Common Stock 547.8 (19) $ 0 (12) D  
Base Salary Units 07/31/2010(10) 07/31/2010(10) Common Stock 646.78 (20) $ 0 (12) D  
Bonus Units 09/29/2010(10) 09/29/2010(10) Common Stock 1,627.14 $ 0 (12) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GRECO STEVEN A
PALL CORPORATION
2200 NORTHERN BLVD.
EAST HILLS, NY 11548
      Group Financial Officer

Signatures

Steven A Greco 11/21/2006
**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) This amount includes 6.46 dividend equivalent units.
(3) 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.
(4) The Date Exercisable (vesting date) is the third anniversary of the allocation date 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 48.75 dividend equivalent units.
(6) The Units will convert into shares of common stock on a 1-for-1 basis.
(7) This amount includes 43.05 dividend equivalent units.
(8) This amount includes 41.41 dividend equivalent units.
(9) This amount includes 69.49 dividend equivalent units.
(10) 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.
(11) This amount includes 170.20 dividend equivalent units.
(12) 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.
(13) This amount includes 18.51 dividend equivalent units.
(14) This amount includes 16.77 dividend equivalent units.
(15) This amount includes 10.41 dividend equivalent units.
(16) This amount includes 48.22 dividend equivalent units.
(17) This amount includes 7.58 dividend equivalent units.
(18) This amount includes 25.62 dividend equivalent units.
(19) This amount includes 6.14 dividend equivalent units.
(20) This amount includes 2.6 dividend equivalent units.

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