BOYKE DALE C - 4 filing on 2005-12-21

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BOYKE DALE C

(Last)

(First)

(Middle)

2300 S. 51ST STREET

(Street)

MILWAUKEE

53219

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
OILGEAR CO [ OLGR ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
VP-Maketing and Sales

3. Date of Earliest Transaction (Month/Day/Year)
12/14/2005

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

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								19,046	D
Common Stock								23,007⁽¹⁾	I	By Savings Plus Plan
Common Stock								5,835⁽²⁾	I	By Stock Retirement Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option (right to buy)⁽³⁾	$2.71							12/13/2005	12/13/2007	Common Stock	500		500	D
Option (right to buy)⁽³⁾	$2.5							09/11/2006	09/11/2008	Common Stock	750		750	D
Option (right to buy)⁽³⁾	$4.58							⁽⁴⁾	09/08/2009	Common Stock	1,500		1,500	D
Option (right to buy)⁽³⁾	$11.84	12/14/2005		A		4,000		⁽⁵⁾	12/14/2010	Common Stock	4,000	$11.84	4,000	D

Explanation of Responses:

1. Best estimate of reporting person's share of the Company Stock Fund under The Oilgear Company Savings Plus Plan as of September 16, 2005.

2. Best estimate of reporting person's account balance under The Oilgear Company Stock Retiement Plan as of September 16, 2005.

3. Option granted under The Oilgear Company 1992 Stock Option Plan (as amended and restated as of December 11, 2002).

4. Option originally exercisable 50% on 09/8/05, 75% on 09/8/06 and 100% on 09/8/07.

5. Option originally exercisable 50% on 12/14/06, 75% on 12/14/07 and 100% on 12/14/08.

Remarks:

	/s/ T. J. Price	12/21/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
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