SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

TANNENBAUM STEVEN

(Last)

(First)

(Middle)

125 COUNTRY CLUB ROAD

(Street)

NEWTON

02459

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL ELECTRONICS INC [ IEIB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			former 10% owner

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	04/15/2004		S		2,000	D	$6.12	43,000	D⁽²⁾
Common Stock⁽¹⁾	04/15/2004		S		1,900	D	$6.16	41,100	D⁽²⁾
Common Stock⁽¹⁾	04/15/2004		S		8,600	D	$6.2	32,500	D⁽²⁾
Common Stock⁽¹⁾	04/15/2004		S		500	D	$6.21	32,000	D⁽²⁾
Common Stock⁽¹⁾	04/15/2004		S		7,000	D	$6.25	25,000	D⁽²⁾
Common Stock⁽¹⁾	04/15/2004		S		9,700	D	$6.3	15,300	D⁽²⁾
Common Stock⁽¹⁾	04/15/2004		S		300	D	$6.31	15,000	D⁽²⁾
Common Stock⁽¹⁾	04/15/2004		S		5,000	D	$6.5	10,000	D⁽²⁾
Common Stock⁽¹⁾	04/15/2004		S		1,600	D	$6.75	8,400	D⁽²⁾
Common Stock⁽¹⁾	04/15/2004		S		200	D	$6.76	8,200	D⁽²⁾
Common Stock⁽¹⁾	04/15/2004		S		3,200	D	$6.77	5,000	D⁽²⁾
Common Stock⁽¹⁾	04/15/2004		S		2,000	D	$6.6	78,000	I⁽³⁾	see footnote 3
Common Stock⁽¹⁾	04/15/2004		S		4,000	D	$6.7	74,000	I⁽³⁾	see footnote 3
Common Stock⁽¹⁾	04/15/2004		S		575	D	$6.71	73,425	I⁽³⁾	see footnote 3
Common Stock⁽¹⁾	04/15/2004		S		2,500	D	$6.98	70,925	I⁽³⁾	see footnote 3
Common Stock⁽¹⁾	04/15/2004		S		500	D	$7	70,425	I⁽³⁾	see footnote 3
Common Stock⁽¹⁾	04/15/2004		S		2,000	D	$7.01	68,425	I⁽³⁾	see footnote 3

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

TANNENBAUM STEVEN

(Last)

(First)

(Middle)

125 COUNTRY CLUB ROAD

(Street)

NEWTON

02459

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			former 10% owner

1. Name and Address of Reporting Person^*

GREENWOOD CAPITAL LIMITED PARTNERSHIP

(Last)

(First)

(Middle)

68 HARVARD STREET

(Street)

BROOKLINE

02445

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		former 10% owner

Explanation of Responses:

1. $.01 Common Stock

2. These securities are jointly owned by Mr. Tannenbaum and his wife.

3. These securities are owned by Greenwood Capital Limited Partnerships, a Massachusetts limited partnership ("GCLP"). Mr. Tannenbaum is the President, sole stockholder and sole director of Greenwood Investments, Inc., a Delaware corporation ("GI"), which is the sole general partner of GCLP. As a result, Mr. Tannenbaum has sole voting power and investment power with respect to the shares held by GCLP. The amount of securities beneficially owned by GCLP and GI following the sales transactions reported on this form 4 is 68425 shares.

	/s/ Steven Tannenbaum	04/19/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.