-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RijKsuMuMYGXYGWrZJac0K+hutAKGgGQz8IHguRjQ0m2/b8pb0ToQPGZ/JZLHBjC
 KsLe8FKsTS0RPJIx9ffEwA==

<SEC-DOCUMENT>0001209191-04-017592.txt : 20040325
<SEC-HEADER>0001209191-04-017592.hdr.sgml : 20040325
<ACCEPTANCE-DATETIME>20040325171346
ACCESSION NUMBER:		0001209191-04-017592
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040324
FILED AS OF DATE:		20040325

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LAI MING ON BEN
		CENTRAL INDEX KEY:			0001232729

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10177
		FILM NUMBER:		04690399

	MAIL ADDRESS:	
		STREET 1:		5980 MIAMI LAKES DRIVE
		CITY:			MIAMI LAKES
		STATE:			FL
		ZIP:			33014

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APPLICA INC
		CENTRAL INDEX KEY:			0000217084
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC HOUSEWARES & FANS [3634]
		IRS NUMBER:				591028301
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		5980 MIAMI LAKES DR
		CITY:			MIAMI LAKES
		STATE:			FL
		ZIP:			33014
		BUSINESS PHONE:		3053622611

	MAIL ADDRESS:	
		STREET 1:		5980 MIAMI LAKES DRIVE
		CITY:			MIAMI LAKES
		STATE:			FL
		ZIP:			33014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WINDMERE DURABLE HOLDINGS INC
		DATE OF NAME CHANGE:	19970224

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WINDMERE CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SAVE WAY INDUSTRIES INC
		DATE OF NAME CHANGE:	19830815
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>boa88066_boaml.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-03-24</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000217084</issuerCik>
        <issuerName>APPLICA INC</issuerName>
        <issuerTradingSymbol>APN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001232729</rptOwnerCik>
            <rptOwnerName>LAI MING ON BEN</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5980 MIAMI LAKES DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MIAMI LAKES</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33014</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Managing Director of Sub</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.10 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2004-03-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>73000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>7.375</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.10 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2004-03-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>51177</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>10.52</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>26823</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>7.375</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-03-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>73000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>1999-04-29</value>
            </exerciseDate>
            <expirationDate>
                <value>2004-04-29</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $.10 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>73000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>29000</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">These shares were borrowed in a private transaction and repaid with shares acquired from the exercise of the options.</footnote>
        <footnote id="F2">This option was granted pursuant to the issuer's stock option plan, which complies with the requirements for exemption set forth in Rule 16b-3 of the Securities and Exchange Act of 1934.</footnote>
        <footnote id="F3">These options have an exercise price of $7.25 and expire on January 18, 2006.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Ming On Lai</signatureName>
        <signatureDate>2004-03-24</signatureDate>
    </ownerSignature>
</ownershipDocument>

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