STRATTEC SECURITY CORP — Director's Dealing 2003

Oct 23, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STRATTEC SECURITY CORP (STRT)
CIK: 0000933034
Period of Report: 2003-10-21

Reporting Person: STRATTON HAROLD M II (Director, Chairman of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-21	Common Stock, par value $.01 per share	M	8000	$11.75	Acquired	48264	Direct
2003-10-22	Common Stock, par value $.01 per share	S	8000	$53.5	Disposed	40264	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-21	Common Stock Option	$11.75	M	8000	Disposed	2005-02-27	Common Stock (8000)	Direct

Footnotes

F1: The reporting person also holds indirectly the following shares of the issuer's common stock, par value $.01 per share: 22 shares in a 401(k) trust; 169 shares held by the reporting person's spouse; 1,479 shares held as custodian on behalf of his children; 10,100 shares held in trusts as to which he is co-trustee and beneficiary; and 900 shares held by his brother as custodian on behalf of his children.

F2: One-half of the option was exercisable as of February 27, 1996 and one-half of the option was exercisable as of February 27, 1997.