SMITH MIDLAND CORP — Director's Dealing 2003

Dec 22, 2003

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SMITH MIDLAND CORP (SMID)
CIK: 0000924719
Period of Report: 2001-02-01

Reporting Person: CATTEAU MICHAEL (Chief Operating Officer)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (Right to Buy)	$.80	2011-04-25	Common Stock (10000)		Direct
Option (Right to Buy)	$1.39	2011-12-25	Common Stock (10000)		Direct
Option (Right to Buy)	$.83	2013-12-16	Common Stock (15000)		Direct

Footnotes

F1: A determination has been made that the undersigned is obligated to file reports pursuant to Section 16(a) of the Securities Exchange Act of 1934 due to the fact that, although the undersigned is an officer of a subsidiary of Smith-Midland Corporation (and not Smith-Midland Corporation), he performs policy-making functions for Smith-Midland Corporation.

F2: Option became exercisable as to 1/3 of the number of shares of common stock on April 26, 2002 and April 26, 2003, and will become exercisable as to the final 1/3 of the number of shares of common stock an April 26, 2004.

F3: Option became exercisable as to 1/3 of the number of shares of common stock on December 26, 2002 and will become exercisable as to an additional 1/3 of the number of shares of common stock on each December 26, 2003 and 2004.

F4: Option will become exercisable cumulatively to the extent of 1/3 of the number of underlying shares on each of December 17, 2004, 2005 and 2006.