FORM 4 __ Check this box if no longer 
     subject to Section 16. Form 4
     or Form 5 obligations may 
     continue. See Instruction 1(b).      (Print or Type Responses) 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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 OMB APPROVAL
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1.  Name and Address of Reporting Person* Carlson, Bradley D.	2.  Issuer Name and Tickler or Trading Symbol BMC Industries, Inc. BMM		6.  Relationship of Reporting Person(s) to Issuer (Check all applicable)         Director                                ___ 10% Owner    X   Officer (give title below)    ___ Other (specify below) Treasurer
(Last)     (First)     (Middle) One Meridian Crossings	3. I.R.S. Identification     Number of Reporting     Person, if an entity     (voluntary)	4.  Statement for Month/Day/Year 2/12/03
(Street) Minneapolis, MN  55423		5.  If Amendment, Date of  Original (Month/Day/Year)	7.  Individual or Joint/Group Filing (Check Applicable Line)        X    Form filed by One Reporting Person               Form filed by More than One Reporting Person

(City)     (State)     (Zip)	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock								10,000	D

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.Conver- sion or Exercise  Price of Deriv- ative Security

3.Trans- action  Date (Month/ Day/Year)

3A. Deemed Execution Date, if any (Month/ Day/Year)

4.Trans- action  Code (Instr. 8)

5.Number of Deriv- ative Securities Acquired  (A) or Disposed of (D) (Instr. 3, 4 and 5)

6.Date Exer- ciseable and Expiration  Date (Month/ Day/Year)

7. Title and  Amount of   Underlying Securities (Instr. 3 and 4)

8.Price of  Derivative Security  (Instr. 5)

9.Number  of    Derivative   Securities     Beneficially Owned at End of Month (Instr. 4)

10.Ownership Form of   Derivative     Securities     Beneficially Owned at End of Month (Instr. 4)

11.Nature  of    Indirect     Beneficial     Ownership  (Instr. 4)

Code

V

(A)

(D)

Date Exer- cisable

Expira-tion Date

Title

Amount or Number of Shares

Stock Option  (Right to Buy)

$1.66

2/12/03

A

12,000

*

2/12/13

Common Stock

12,000

$1.66

46,000

D

Explanation of Responses: *This option is exercisable with respect to 2,4,000 shares each on 2/12/04, 2/14/05, 2/13/06, 2/12/07 and 2/12/08.
		/s/Bradley D. Carlson **Signature of Reporting Person	2/13/03                        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, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure