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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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 * COLEMAN J REED   2. Issuer Name and Ticker or Trading Symbol REGAL BELOIT CORP [RBC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 200 STATE STREET 3. Date of Earliest Transaction (Month/Day/Year) 02/14/2006 (Street) BELOIT, WI 53511 4. If Amendment, Date 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 (City) (State) (Zip) 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) Code V Amount (A) or (D) Price Common Stock 02/14/2006   D   66,058 D $ 39.1752 896 D   Common Stock 02/15/2006   M   25,400 (1) A $ 20 (2) 26,296 D   Common Stock 02/15/2006   D   4,700 D $ 39.8196 21,596 D   Common Stock 02/16/2006   D   20,700 A $ 39.7786 896 (5) D

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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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-qualified Stock Option

$ 20.125

02/15/2006

M

800

04/24/1996

04/24/2006

Common Stock

800

$ 20.125

0

D

Non-qualified Stock Option

$ 24

02/15/2006

M

800

04/24/1997

04/24/2007

Common Stock

800

$ 24

0

D

Non-qualified stock option

$ 32.4375

02/15/2006

M

800

04/21/1998

04/21/2008

Common Stock

800

$ 32.4375

0

D

Non-qualified Stock Option

$ 20

02/15/2006

M

15,000

04/21/1999(3)

04/21/2009

Common Stock

15,000

$ 20

0

D

Non-qualified Stock Option

$ 20.3

02/15/2006

M

8,000

04/22/2004(4)

04/22/2014

Common Stock

8,000

$ 20.3

12,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
COLEMAN J REED 200 STATE STREET BELOIT, WI 53511	X

Signatures

J.Reed Coleman by Kenneth F. Kaplan, POA		02/16/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Exercised stock options granted on 4/24/96 (800 shares); 4/24/97 (800 shares); 4/21/98 (800 shares); 4/21/99 (15,000 shares); 4/22/04 (8,000 shares)
(2)	Price of stock options shown above ranged from 20.00 to 32.4375 per share.
(3)	Option became exercisable in five annual installments beginning on the date of the grant.
(4)	Option became exercisable in five annual installments beginning on the date of the grant.
(5)	Mr. Coleman will be retiring as a Director of the Company on 4/26/06.

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