METHODE ELECTRONICS INC — Director's Dealing 2007

Mar 19, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: METHODE ELECTRONICS INC (METH)
CIK: 0000065270
Period of Report: 2007-03-16

Reporting Person: Reynolds Thomas D (VP & GM, N.A. Automotive)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-16	Common Stock	M	3000	$8.53	Acquired	88800	Direct
2007-03-16	Common Stock	S	3000	$13.89	Disposed	85800	Direct
2007-03-16	Common Stock	P	53	$10.97	Acquired	10474	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-16	Options	$8.53	X	3000	Disposed	2011-11-19	Common Stock (3000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options	$10.50	2012-06-10	Common Stock (30000)	30000	Direct
Options	$11.44	2013-07-03	Common Stock (30000)	30000	Direct

Footnotes

F1: Restricted Stock Awards granted under terms of the Methode Electronics, Inc. 2000 and 2004 Stock Plans.

F2: Dividend reinvestment for Methode common stock held in the Methode 401(k) Plan.

F3: The options vest in four equal annual installments beginning July 3, 2004.