METHODE ELECTRONICS INC — Director's Dealing 2003

Dec 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: METHODE ELECTRONICS INC (METHA)
CIK: 0000065270
Period of Report: 2003-12-16

Reporting Person: MCGINLEY JAMES W (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-16	Class A common stock	S	20000	$11.05	Disposed	35000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-16	Option to purchase	$11.44	J	5000	Disposed	2013-07-03	Class A common (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B common stock	130901	Indirect
Class B common stock	10002	Indirect
Class A common stock	22	Indirect
Class A common stock	35000	Indirect
Class A common stock in 401(k) Trust	69	Indirect
Class A common stock	536	Indirect
Class B common stock	268	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to purchase	$10.50	2004-01-16	Class A common (5000)	5000	Direct
Option to purchase	$7.45	2004-01-16	Class A common (5000)	5000	Direct

Footnotes

F1: As Special Fiduciary and beneficiary under the William J. McGinley Marital Trusts No. 1 and No. 2.

F2: As co-trustee and beneficiary of the Jane R. McGinley Trust dated September 18, 2001.

F3: As Special Fiduciary and beneficiary under the William J. McGinley Marital Trust No. 2.

F4: Options forfeited upon resignation from the Board of Directors on October 16, 2003.