FRIEDMAN INDUSTRIES INC — Director's Dealing 2008

Jul 17, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRIEDMAN INDUSTRIES INC (FRD)
CIK: 0000039092
Period of Report: 2008-06-05

Reporting Person: FRIEDMAN JACK (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-05	Common Stock	G	10000	$6.00	Disposed	231927	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	121093	Indirect
Common Stock	10000	Indirect

Footnotes

F1: Under the terms of the Trust, Merrill Lynch Trust Company, as trustee of the Trust, has sole power to vote these shares, but
Mr. Friedman retains the power to distribute all or part of the shares held by the Trust. Mr. Friedman retains beneficial
ownership of these shares.

F2: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission
that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.