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: 2003-04-29

Reporting Person: MCGINLEY JAMES W (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-21	Class B common stock	J	750000	$22.75	Disposed	130901	Indirect
2003-04-29	Class A common stock	J	55000	$0.00	Acquired	55000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
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	$11.44	2013-07-03	Class A common (5000)	5000	Direct
Option to purchase	$10.50	2012-06-10	Class A common (5000)	5000	Direct
Option to purchase	$7.45	2001-06-19	Class A common (5000)	5000	Direct

Footnotes

F1: These shares of Class B common stock were sold pursuant to an Agreement dated as of July 18, 2003 by and among Methode Electronics, Inc., Marital Trust No. 1 and Marital Trust No. 2 each created under the William J. McGinley Trust, the Jane R. McGinley Trust, Margaret J. McGinley, Robert R. McGinley, and the filing person.

F2: As Special Fiduciary and beneficiary under the William J. McGinley Marital Trusts No. 1 and No. 2.

F3: As co-trustee and beneficiary of the Jane R. McGinley Trust dated September 18, 2001.

F4: As Special Fiduciary and beneficiary under the William J. McGinley Marital Trust No. 2.

F5: Distribution from the William J. McGinley Irrevocable Trust.