MANNATECH INC — Director's Dealing 2004

Mar 24, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MANNATECH INC (MTEX)
CIK: 0001056358
Period of Report: 2004-03-24

Reporting Person: BOURGOYNE JEFFREY P (Sr. VP Supply Chain/Assoc Care)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-08	Common Stock, par value $0.0001 per share	X	7000	$1.35	Acquired	16335	Direct
2004-03-08	Common Stock, par value $0.0001 per share	X	9335	$2.63	Acquired	16335	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-08	Right to buy common stock	$1.35	X	7000	Acquired	2007-05-14	Common stock, par value $0.0001 per share (7000)	Direct
2004-03-08	Right to buy common stock	$2.63	X	9335	Acquired	2010-08-23	Common stock, par value $0.0001 per share (9335)	Direct

Footnotes

F1: Mr. Bourgoyne exercised 16,335 of his stock options for common stock.