NORTHERN TECHNOLOGIES INTERNATIONAL CORP — Director's Dealing 2003

Oct 2, 2003

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: NORTHERN TECHNOLOGIES INTERNATIONAL CORP (nti)
CIK: 0000875582
Period of Report: 2003-08-31

Reporting Person: LAREAU RICHARD G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-01-24	Common Stock	P	1500	$3.79	Acquired	28500	Direct
2003-01-24	Common Stock	P	500	$3.75	Acquired	29000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-02	Stock Option (right to buy)	$5.3	A	2000	Acquired	2008-09-01	Common Stock (2000)	Direct