LINDSAY CORP — Director's Dealing 2004

Apr 26, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINDSAY MANUFACTURING CO (LNN)
CIK: 0000836157
Period of Report: 2004-04-22

Reporting Person: KARSK BRUCE (Executive Vice President & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-22	Option to Purchase	$25.77	A	7500	Acquired	2014-04-22	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	137956	Direct
Common Stock	10150	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase	$18.50	2011-04-27	Common Stock (7500)	7500	Direct
Option to Purchase	$24.50	2012-05-03	Common Stock (7500)	7500	Direct
Option to Purchase	$21.52	2013-04-24	Common Stock (7500)	7500	Direct

Footnotes

F1: The option vests in five equal annual installments beginning on April 27, 2002.

F2: The option vests in five equal annual installments beginning on May 3, 2003.

F3: The option vests in five equal annual installments beginning on April 24, 2004

F4: The option vests in five equal annual installments beginning on April 22, 2005

F5: Option Grant