TWIN DISC INC — Director's Dealing 2003

Aug 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TWIN DISC INC (TDI)
CIK: 0000100378
Period of Report: 2003-08-14

Reporting Person: MELIK LANCE J (VP - Coporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-14	Common Stock	M	2000	$14.45	Acquired	2000	Direct
2003-08-14	Common Stock	M	2000	$15.05	Acquired	4000	Direct
2003-08-14	Common Stock	M	500	$15.05	Acquired	4500	Direct
2003-08-14	Common Stock	S	4500	$16.474	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-14	Stock Options	$14.45	M	2000	Disposed	2012-08-02	Common Stock (2000)	Direct
2003-08-14	Stock Options	$15.05	M	2500	Disposed	2011-08-13	Common Stock (2500)	Direct