4 1 fm4ms1007.txt MIT ____Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 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 1. Name and Address of Reporting Person Stubbs, Jr. Stoney M. (Last) (First) (Middle) 1145 Empire Central Place (Street) Dallas TX 75247 (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol "FFEX" Frozen Food Express Industries, Inc. 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for 10/07/02 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person to Issuer (Check all applicable) __X__Director _____10 % Owner __X__Officer (give title below) _____Other (specify below) Chairman of the Board, President and Chief Executive Officer Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr.3) (1) Common Stock (2) Common Stock (3) Common Stock (4) Common Stock 2. Transaction Date (Month/Day/Year) (1) (2) (3) 10/02/02 (4) 2.a. Notification Date (1) (2) (3) 10/07/02 (4) 3. Transaction Code (Instr.8) (1) (2) (3) Code N (4) 4. Securities Acquired (A) or Disposed of (D) (Instr.3,4 and 5) (1) (2) (3) Amount - 375 (A) Price - 2.00 (4) 5. Amount of Securities Beneficially Owned at End of Day (Instr.3 and 4) (1) 769,387 (2) 249,059 (3) 18,084 (4) 202,217 6. Ownership Form: Direct (D) or Indirect (I) (1) (I) (2) (D) (3) (I) (4) (I) 7. Nature of Indirect Beneficial Ownership (Instr.4) (1) Family partnership (2) (3) Rabbi Def Comp (4) 401(k) Plan Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) FORM 4 (continued) 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) (1) Options (right to buy) (2) Options (right to buy) (3) Phantom Stock (4) 2. Conversion or Exercise Price of Derivative Security (1) 2.81 (2) 2.08 (3) (4) 3. Transaction Date (Month/Day/Year) (1) (2) (3) (4) 4. Transaction Code (Instr.8) (1) (2) (3) (4) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.3,4 and 5) (1) (2) (3) (4) 6. Date Exercisable and Expiration Date (Month/Day/Year) (1) 6/15/01 6/15/10 (2) 2/13/03 2/13/12 (3) (4) 7. Title and Amount of Underlying Securities (1) Common Stock 222,299 shares (2) Common Stock 214,027 shares (3) Common Stock 89,043 shares (4) 8. Price of Derivative Security (Instr.5) (1) 2.81 (2) 2.08 (3) (4) 9. Number of Derivative Securities Beneficially Owned at End of Month (Instr.4) (1) (2) 436,326 (3) 89,043 (4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr.4) (1) (2) (D) (3) (D) (4) 11. Nature of Indirect Beneficial Ownership (Instr.4 Explanation of Responses: Note: 401(k) Match subject to a vesting schedule of 20% for each completed year of service /s/Stoney M. Stubbs, Jr. October 7, 2002 --------------------------- --------------- **Signature of Reporting Person Date ** 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 provided is insufficient, see Instruction 6 for procedure. SEC 1474 (3/91)