4 1 fm4bagg.txt BAGGETT ____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 Baggett W. Mike (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 April 24, 2003 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person to Issuer (Check all applicable) __X__Director _____10 % Owner __ __Officer (give title below) _____Other (specify below) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr.3) (1) Common Stock 2. Transaction Date (Month/Day/Year) (1) 3. Transaction Code (Instr.8) (1) 4. Securities Acquired (A) or Disposed of (D) (Instr.3,4 and 5) (1) 150 5. Amount of Securities Beneficially Owned at End of Month (Instr.3 and 4) (1) 6. Ownership Form: Direct (D) or Indirect (I) (1) (D) 7. Nature of Indirect Beneficial Ownership (Instr.4) (1) 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) Options (right to buy) 2. Conversion or Exercise Price of Derivative Security (1) (2) (3) 3. Transaction Date (Month/Day/Year) (1) (2) (3) 4. Transaction Code (Instr.8) (1) (2) (3) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.3,4 and 5) (1) (2) (3) 6. Date Exercisable and Expiration Date (Month/Day/Year) (1) Exercisable - 04/24/03 Expiration - 04/24/13 (2) Exercisable - 04/24/04 Expiration - 04/24/13 (3) Exercisable - 04/24/05 Expiration - 04/24/13 7. Title and Amount of Underlying Securities (1) Title - Common Stock Number of Shares - 1,340 (2) Title - Common Stock Number of Shares - 268 (3) Title - Common Stock Number of Shares - 267 8. Price of Derivative Security (Instr.5) (1) 1.50 (2) 1.50 (3) 1.50 9. Number of Derivative Securities Beneficially Owned at End of Day (Instr.4) (1) (2) (3) 20,625 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr.4) (1) (2) (3) (D) 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/W. Mike Baggett April 24, 2003 **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)