-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 XNu2rP+H6UW+E2xU0QV7gQ==

<SEC-DOCUMENT>0001005477-03-004424.txt : 20031113
<SEC-HEADER>0001005477-03-004424.hdr.sgml : 20031113
<ACCEPTANCE-DATETIME>20031113171405
ACCESSION NUMBER:		0001005477-03-004424
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031111
FILED AS OF DATE:		20031113

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SANDLER DAVID
		CENTRAL INDEX KEY:			0001245882

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14130
		FILM NUMBER:		03999122

	MAIL ADDRESS:	
		STREET 1:		C/O MSC INDUSTRIAL DIRECT CO INC
		STREET 2:		75 MAXESS RD
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MSC INDUSTRIAL DIRECT CO INC
		CENTRAL INDEX KEY:			0001003078
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084]
		IRS NUMBER:				113289165
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0902

	BUSINESS ADDRESS:	
		STREET 1:		75 MAXESS RD
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
		BUSINESS PHONE:		516-812-2000

	MAIL ADDRESS:	
		STREET 1:		151 SUNNYSIDE BLVD
		CITY:			PLAINVIEW
		STATE:			NY
		ZIP:			11803
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-11-11</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001003078</issuerCik>
        <issuerName>MSC INDUSTRIAL DIRECT CO INC</issuerName>
        <issuerTradingSymbol>MSM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001245882</rptOwnerCik>
            <rptOwnerName>SANDLER DAVID</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O MSC INDUSTRIAL DIRECT CO INC</rptOwnerStreet1>
            <rptOwnerStreet2>75 MAXESS RD</rptOwnerStreet2>
            <rptOwnerCity>MELVILLE</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>11747</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>1</isDirector>
        <isOfficer>1</isOfficer>
        <isTenPercentOwner>0</isTenPercentOwner>
        <isOther>0</isOther>
        <officerTitle>President and COO</officerTitle>
    </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>M</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
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        <transactionAmounts>

            <transactionShares>
                <value>70000</value>
            </transactionShares>

            <transactionPricePerShare>
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        <nonDerivativeTransaction>

        <securityTitle>
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        <transactionDate>
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        <transactionFormType>4</transactionFormType>
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        <transactionAmounts>

            <transactionShares>
                <value>67300</value>
            </transactionShares>

            <transactionPricePerShare>
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        <transactionDate>
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            <transactionShares>
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            </transactionShares>

            <transactionPricePerShare>
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        <transactionCode>S</transactionCode>
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            <transactionShares>
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            <transactionPricePerShare>
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            <transactionAcquiredDisposedCode>
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        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
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        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
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        <transactionAmounts>

            <transactionShares>
                <value>5800</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.01</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
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        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>135102</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
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        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>3200</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.03</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>131902</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>6000</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.04</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>125902</value>
            </sharesOwnedFollowingTransaction>
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        <ownershipNature>

            <directOrIndirectOwnership>
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        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
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        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
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        <transactionAmounts>

            <transactionShares>
                <value>39700</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.05</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
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        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>86202</value>
            </sharesOwnedFollowingTransaction>
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        <ownershipNature>

            <directOrIndirectOwnership>
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        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
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            <transactionShares>
                <value>3100</value>
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            <transactionPricePerShare>
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            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
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            <sharesOwnedFollowingTransaction>
                <value>83102</value>
            </sharesOwnedFollowingTransaction>
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        <ownershipNature>

            <directOrIndirectOwnership>
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        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
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        <transactionDate>
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            <transactionShares>
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            </transactionShares>

            <transactionPricePerShare>
                <value>27.08</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
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            <transactionShares>
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            <transactionPricePerShare>
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            <transactionAcquiredDisposedCode>
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            <sharesOwnedFollowingTransaction>
                <value>82702</value>
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            <directOrIndirectOwnership>
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        <nonDerivativeTransaction>

        <securityTitle>
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        <nonDerivativeTransaction>

        <securityTitle>
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            <footnoteId id="F5"/>
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        <transactionDate>
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        </transactionDate>
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            <transactionShares>
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            <transactionPricePerShare>
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            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
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        <nonDerivativeTransaction>

        <securityTitle>
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        </transactionDate>
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        <transactionAmounts>

            <transactionShares>
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            </transactionShares>

            <transactionPricePerShare>
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            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
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            <sharesOwnedFollowingTransaction>
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            </sharesOwnedFollowingTransaction>
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        <ownershipNature>

            <directOrIndirectOwnership>
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        </ownershipNature>
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        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
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        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
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        <transactionAmounts>

            <transactionShares>
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            </transactionShares>

            <transactionPricePerShare>
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            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
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        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
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        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
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        <transactionAmounts>

            <transactionShares>
                <value>12100</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.16</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
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            <sharesOwnedFollowingTransaction>
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        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
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        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
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        <transactionAmounts>

            <transactionShares>
                <value>1200</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.17</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
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        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
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            </sharesOwnedFollowingTransaction>
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        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
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        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
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        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>300</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.18</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>65502</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>700</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.19</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>64802</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>2600</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.20</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>62202</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>3100</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.21</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>59102</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>3700</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.22</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>55402</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>3000</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.23</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>52402</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>12000</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.24</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>40402</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>4200</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.25</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>36202</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>900</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.28</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>35302</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>400</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.30</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>34902</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>2600</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.33</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>32302</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>5700</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.35</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>26602</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Class A Common Stock, $.001 par value</value>
            <footnoteId id="F5"/>
        </securityTitle>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>1400</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>27.36</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>25202</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

    </nonDerivativeTable>
    <derivativeTable>
        <derivativeTransaction>

        <securityTitle>
            <value>Options (right to buy)</value>
            <footnoteId id="F1"/>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>14.25</value>
        </conversionOrExercisePrice>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>M</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>70000</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>0</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>

        <exerciseDate>
            <footnoteId id="F2"/>
        </exerciseDate>

        <expirationDate>
            <value>2008-10-14</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>See Footnote</value>
                <footnoteId id="F4"/>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>70000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>77057</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeTransaction>

        <derivativeTransaction>

        <securityTitle>
            <value>Option (right to buy)</value>
            <footnoteId id="F1"/>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>7.75</value>
        </conversionOrExercisePrice>

        <transactionDate>
            <value>2003-11-11</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>M</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>67300</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>0</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>

        <exerciseDate>
            <footnoteId id="F3"/>
        </exerciseDate>

        <expirationDate>
            <value>2009-10-19</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>See Footnote</value>
                <footnoteId id="F4"/>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>67300</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>52700</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeTransaction>

    </derivativeTable>
    <footnotes>
        <footnote id="F1">Options to purchase Issuer's Class A common stock, $.001 par value.
</footnote>
        <footnote id="F2">An option to purchase 200,000 shares of the Issuer's common stock, par value
$.001 per share, was issued to the Reporting Person under the Issuer's 1998
Stock Option Plan. One-fifth of such option became exercisable on each of
October 14, 1999, October 14, 2000, October 14, 2001, October 14, 2002, and
October 14, 2003.
</footnote>
        <footnote id="F3">An option to purchase 200,000 shares of the Issue's common stock, par value
$.001 per share, was issued to the Reporting Person under the Issuer's 1998
Stock Option Plan. One-fifth of such option became exercisable on each of
October 19, 2000, October 19, 2001, October 19, 2002, and October 19, 2003.
The balance of such option becomes exercisable in one-fifth on October 19, 2004.
</footnote>
        <footnote id="F4">Class A common stock, $.001 par value.
</footnote>
        <footnote id="F5">Because the SEC's electronic filing system does not allow for the disclosure of
more than 30 transactions on one Form 4, the Reporting Person is filing 2
simultaneous Form 4s to report his reportable transactions all of which together
shall be deemed a single report filed on this date. This is the 1st Form 4 of
the 2 filings.
</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ David Sandler</signatureName>
        <signatureDate>2003-11-13</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----