ELECTRO SENSORS INC — Director's Dealing 2004

Aug 17, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ELECTRO SENSORS INC (ELSE)
CIK: 0000351789
Period of Report: 2004-08-13

Reporting Person: SLYE BRADLEY D (Director, Chairman, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-13	Employee Stock Option (Right to Buy)	$4.16	A	75000	Acquired	2013-08-12	Common Stock (75000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	91913	Direct
Common Stock	5190	Indirect
Common Stock	14757	Indirect
Common Stock	205	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$2.17	2007-01-03	Common Stock (75000)	15000	Direct
Employee Stock Option (Right to Buy)	$1.5625	2009-08-02	Common Stock (30000)	18000	Direct
Employee Stock Option (Right to Buy)	$2.37	2011-04-08	Common Stock (75000)	75000	Direct

Footnotes

F1: Shares acquired by reporting person through Employee Stock Purchase Plan and gifted to his children who share reporting person's household.

F2: Exercisable in annual increments of 15,000 shares each commencing 1/3/97.

F3: Exercisable in annual increments of 6,000 shares each commencing 8/3/99.

F4: Exercisable in annual increments of 18,750 shares each commencing 4/9/01.

F5: Exercisable in annual increments of 25,500 shares on 8/13/2004, and 24,750 shares each on 8/13/2005 and 8/13/2006.