RCM TECHNOLOGIES, INC. — Director's Dealing 2003

Nov 17, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RCM TECHNOLOGIES INC (RCMT)
CIK: 0000700841
Period of Report: 2003-11-13

Reporting Person: MILLER KEVIN D (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-13	Common Stock	A	15186	—	Acquired	0	Direct
2003-11-13	Common Stock	A	15727	—	Acquired	50913	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-13	Stock Option (right to buy)	$14.13	D	39000	Disposed	2000-06-17	Common Stock (39000)	Direct
2003-11-13	Stock Option (right to buy)	$11.50	D	30000	Disposed	2009-06-17	Common Stock (30000)	Direct

Footnotes

F1: On November 13, 2003, the issuer canceled, pursuant to the issuer's exchange offer, an option granted to the reporting person on October 2, 1998. In exchange for the option, the reporting person received 15,186 shares of common stock and $64,100.11.

F2: On November 13, 2003, the issuer canceled, pursuant to the issuer's exchange offer, an option granted to the reporting person on June 17, 1999. In exchange for the option, the reporting person received 15,727 shares of common stock and $66,383.67.

F3: The aggregate number of securities beneficially owned directly by the reporting person following the reported transaction is shown in row 2 on Table I.