STRATTEC SECURITY CORP — Director's Dealing 2003

Aug 27, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STRATTEC SECURITY CORP (STRT)
CIK: 0000933034
Period of Report: 2003-08-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-26	Common Stock, par value $.01 per share	M	8000	$11.75	Acquired	48264	Direct
2003-08-27	Common Stock, par value $.01 per share	S	8000	$52.55	Disposed	40264	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-26	Common Stock Option	$11.75	M	8000	Acquired	2005-02-27	Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.01 per share	22	Indirect
Common Stock, par value $.01 per share	169	Indirect
Common Stock, par value $.01 per share	1479	Indirect
Common Stock, par value $.01 per share	10100	Indirect
Common Stock, par value $.01 per share	900	Indirect

Footnotes

F1: 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.

F2: Mr. Stratton is custodian of these shares on behalf of his children.

F3: Held in Trusts as to which Mr. Stratton is co-trustee and beneficiary.

F4: Mr. Stratton's brother is custodian on behalf of his children.