METHODE ELECTRONICS INC — Director's Dealing 2004

Jan 6, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: METHODE ELECTRONICS INC (METHA)
CIK: 0000065270
Period of Report: 2004-01-06

Reporting Person: MCGINLEY JAMES W (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-06	Class A common stock	M	5000	$10.50	Acquired	40000	Direct
2004-01-06	Class A common stock	S	5000	$12.95	Disposed	35000	Direct
2004-01-06	Class A common stock	S	35000	$13.0656	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-06	Option to purchase	$10.50	M	5000	Disposed	2004-01-16	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

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.