The X-ray pulsar 4U 1907+09 was observed in the 2-18 keV energy band with t
he Indian X-Ray Astronomy Experiment (IXAE) during 1996 August and again in
1998 June. From the timing measurements, the spin-down rate of the neutron
star is measured to be +0.23 +/- 0.01 s yr(-1). A straight-line fit to the
historical pulse period data indicates that the pulsar has been in a monot
onic phase of spin-down since its discovery. The day-to-day pulse profile i
ndicates some variations during its 8.4 day binary period. The average prof
ile obtained from these observations shows a double-pulse shape with a pron
ounced asymmetric primary separated by a dip from a relatively weaker but b
road secondary. These profiles show a closer resemblance to the pulse shape
obtained with the recent observations with the Rossi X-Ray Timing Explorer
(IXAE) during 1996 February, as compared to the earlier observations carri
ed out six to 13 years earlier. A secondary flare of 88 mcrab intensity was
detected during the IXAE observations in 1996 August. A detailed analysis
of the flare data shows the presence of transient 14.4 s oscillations, whic
h may be quasi-periodic during the flaring activity but have a period diffe
rent from the earlier reported oscillations of 18.2 s as detected by RXTE d
uring the flare of 1996 February. These results, therefore, strengthen the
evidence for the presence of a transient accretion disk around the neutron
star during the flare, which may be responsible for the continuous slowing
down of the pulsar. The studies of such transient quasi-periodic oscillatio
ns during flaring activities of 4U 1907+09 thus provide opportunities for u
nderstanding the transient behavior of the accretion disk and its physical
characteristics.