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: PAROD RICK (President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-22	Option to Purchase	$25.77	A	45000	Acquired	2014-04-22	Common Stock (45000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4100	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase	$21.52	2013-04-24	Common Stock (45000)	45000	Direct
Option to Purchase	$14.00	2010-04-05	Common Stock (300000)	300000	Direct
Option to Purchase	$14.00	2010-04-05	Common Stock (50000)	50000	Direct

Footnotes

F1: The option vests in five equal annual installments beginning on April 24, 2004.

F2: The option vests in five equal annual installments beginning on April 5, 2001

F3: These options to purchase common stock are exercisable on or after the first day following completion of a period of twenty (20) consecutive business days on which the fair market value exceeds $40.00 per share - but only if such period is completed prior to 4/5/05 - alternatively, these options to purchase common stock are exercisable on or after 4/5/09.

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

F5: Option Grant