ASCENT INDUSTRIES CO. — Director's Dealing 2003

Jan 6, 2003

5 1 hammettform5jan6-03.htm YEAR END 2002 FORM 5 - T. N. HAMMETT form5

FORM 5
£	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
£	Form 3 Holdings Reported
£	Form 4 Transactions Reported

1. Name and Address of Reporting Person* Hammett Timothy N.	2. Issuer Name and Tickler or Trading Symbol Synalloy Corporation SYNC
						Director	10% Owner
					X	Officer (give title below)	Other (specify below)
					Controller
(Last) (First) (Middle) PO Box 5627	3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)		4. Statement for Month/Year December 2002		7. Individual or Joint/Group Filing (Check Applicable Line)
			5. If Amendment, Date of Original (Month/Year)		X	Form filed by One Reporting Person
(Street) Spartanburg, SC 29304						Form filed by More than One Reporting Person
(City) (State) (Zip)	Table I ¾ Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (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 at End of Month (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Amount	(A) or (D)	Price
Common Stock					382	I	By 401(k) Trust

• If the form is filed by more than one reporting person, see instruction 4(b)(v).

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)
(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses: (1) The options vest in five equal installments of 20% beginning one year from date of grant.

	**Signature of Reporting Person /s/ Cheryl C. Carter, Power of Attorney for Timothy N. Hammett
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
	See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, s ee Instruction 6 for procedure.