MANNATECH INC — Director's Dealing 2003

Nov 21, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MANNATECH INC (MTEX)
CIK: 0001056358
Period of Report: 2003-11-21

Reporting Person: VENNUM EILEEN (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-21	Common stock, par value $0.0001 per share	F	3626	$10.88	Disposed	15874	Direct
2003-11-21	Common stock, par value $0.0001 per share	S	10000	$11.00	Disposed	15874	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-21	Exercise of Stock Option	$2.63	F	15000	Acquired	2010-08-22	Common stock, par value $0.0001 per share (15000)	Direct

Footnotes

F1: Ms. Vennum is surrendering 3,626 of her Mannatech common shares to Mannatech to exercise her 15,000 stock options at an exercise price of $2.63 per share.