SHERWIN WILLIAMS CO — Director's Dealing 2003

Dec 15, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHERWIN WILLIAMS CO (SHW)
CIK: 0000089800
Period of Report: 2003-12-11

Reporting Person: IVY CONWAY G (Sr. VP.-Corp. Plan. Dev.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-11	Common Stock	M	9406	$16.625	Acquired	44396	Direct
2003-12-12	Common Stock	M	594	$16.625	Acquired	44990	Direct
2003-12-11	Common Stock	F	4624	$33.815	Disposed	40366	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-11	Employee Stock Option (Right to Buy)	$16.625	M	3333	Disposed	2004-01-26	Common Stock (3333)	Direct
2003-12-11	Employee Stock Option (Right to Buy)	$16.625	M	3333	Disposed	2004-01-26	Common Stock (3333)	Direct
2003-12-11	Employee Stock Option (Right to Buy)	$16.625	M	2740	Disposed	2004-01-26	Common Stock (2740)	Direct
2003-12-12	Employee Stock Option (Right to Buy)	$16.625	M	594	Disposed	2004-01-26	Common Stock (594)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	140816.6167	Indirect
Common Stock	19038	Indirect
Common Stock	2000	Indirect

Footnotes

F1: Of shares listed, 20,000 are restricted.

F2: Represents the approximate number of shares of common stock for which the Reporting Person has the right to direct the vote under The Sherwin-Williams Company Employee Stock Purchase and Savings Plan per the trustee's 9/30/2003 statement. Shares of common stock are not directly allocated to the Plan participants, but are instead held in a unitized fund consisting primarily of common stock and a small percentage of short-term investments. Participants acquire units of this fund.

F3: Reporting Person disclaims beneficial ownership of shares listed.