WINNEBAGO INDUSTRIES INC — Director's Dealing 2003

Aug 12, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINNEBAGO INDUSTRIES INC (WGO)
CIK: 0000107687
Period of Report: 2003-08-08

Reporting Person: OLSON ROBERT J (VP-Manufacturing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-08	Common Stock, $.50 par value	M	2000	$18.50	Acquired	12650	Direct
2003-08-08	Common Stock, $.50 par value	M	6666	$12.4375	Acquired	19316	Direct
2003-08-08	Common Stock, $.50 par value	S	999	$44.72	Disposed	18317	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-08	Stock Options (rights to buy)	$18.50	M	2000	Disposed	2009-10-07	Common Stock (6000)	Direct
2003-08-08	Stock Options (rights to buy)	$12.4375	M	6666	Disposed	2010-10-11	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	6	Indirect

Footnotes

F1: Granted under the Winnebago Industries, Inc. 1997 Stock Option Plan which is a Section 16(b) Plan.

F2: All options are currently exercisable.

F3: Options become exercisable in annual increments of 1/3 commencing 10/11/01.

F4: Remaining 3,334 shares become exercisable on or after 10/11/03.