INTEST CORP — Director's Dealing 2004

Jul 30, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEST CORP (INTT)
CIK: 0001036262
Period of Report: 2004-07-28

Reporting Person: SLAYTON GREGORY W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-28	Common Stock	M	2000	$3.04	Acquired	20000	Direct
2004-07-28	Common Stock	S	1000	$7	Disposed	19000	Direct
2004-07-28	Common Stock	S	1000	$7.136	Disposed	18000	Direct
2004-07-28	Common Stock	S	1000	$8	Disposed	17000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-28	Non-Qualified Stock Option (Right to Buy)	$3.04	M	2000	Disposed	2013-02-23	Common Stock (2000)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 21, 2004.

F2: The option was vested 50% upon grant, with the remaining 50% vesting in annual increments of 25% each beginning February 24, 2004.