ELECTRO SENSORS INC — Director's Dealing 2004

Feb 12, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ELECTRO SENSORS INC (ELSE)
CIK: 0000351789
Period of Report: 2003-12-31

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	91913	Direct
Common Stock	5190	Indirect
Common Stock	14757	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: Includes shares acquired under Issuer's Employee Stock Purchase Plan since reporting person's last report.

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