EDUCATIONAL DEVELOPMENT CORP — Director's Dealing 2003

Aug 25, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EDUCATIONAL DEVELOPMENT CORP (EDUC)
CIK: 0000031667
Period of Report: 2003-05-28

Reporting Person: SLEMP KATHY (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-05-28	Common Stock	G	1500	$10.15	Disposed	10850	Direct
2003-08-25	Common Stock	X	1000	$3.125	Acquired	11850	Direct
2003-08-25	Common stock	J	1843	$3.5	Acquired	13693	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-25	Incentive Stock Option	$3.125	C	1000	Acquired	2004-07-24	Common Stock (1000)	Direct