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^*

SCHWEINFURTH SCOTT D

(Last)

(First)

(Middle)

C/O WMS INDUSTRIES INC.

800 S. NORTHPOINT BLVD.

(Street)

WAUKEGAN

60085

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WMS INDUSTRIES INC /DE/ [ WMS ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Exec. VP, CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2007

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

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

X	Form filed by One Reporting Person
	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	09/19/2007		M		37,500	A	$9.52	65,903⁽¹⁾⁽²⁾	D
Common Stock	09/19/2007		S		1,490	D	$30.21	64,413⁽²⁾	D
Common Stock	09/19/2007		S		35,900	D	$30.23	28,513⁽²⁾	D
Common Stock	09/19/2007		S		100	D	$30.24	28,413⁽²⁾	D
Common Stock	09/19/2007		S		10	D	$30.26	28,403⁽²⁾	D
Common Stock	09/19/2007		A		7,452	A	$0	35,855⁽²⁾⁽³⁾	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. 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)
Stock Option (Right to Buy)	$9.52	09/19/2007		M			37,500	05/09/2003	05/09/2012	Common Stock	37,500	$0	0	D
Stock Option (Right to Buy)	$30.55	09/19/2007		A		20,866		⁽⁴⁾	09/19/2014	Common Stock	20,866	$0	20,866	D

Explanation of Responses:

1. Additional shares of Common Stock were issued to the reporting person as a result of issuer's three-for-two stock split.

2. Includes (i) 14,245 shares of restricted stock which restrictions will lapse on 12/9/2007; and (ii) 12,628 shares of restricted stock, restrictions on 3,157 shares will lapse on 6/7/2008, on 3,157 shares on 6/7/2009, on 3,157 shares on 6/7/2010 and on 3,157 shares on 6/7/2011.

3. Includes 7,452 shares of restricted stock, restrictions on 1,863 shares will lapse on 9/19/2008, on 1,863 shares on 9/19/2009, on 1,863 shares on 9/19/2010 and on 1,863 shares on 9/19/2011.

4. 3 Year Vesting: 6,955 shares on 9/19/2008, 6,955 shares on 9/19/2009 and 6,956 shares on 9/19/2010.

Remarks:

	/s/ Scott D. Schweinfurth	09/20/2007
	** 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).
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