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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001209191-03-014131.txt : 20030729
<SEC-HEADER>0001209191-03-014131.hdr.sgml : 20030729
<ACCEPTANCE-DATETIME>20030729121633
ACCESSION NUMBER:		0001209191-03-014131
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030728
FILED AS OF DATE:		20030729

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KEITHLEY INSTRUMENTS INC
		CENTRAL INDEX KEY:			0000054991
		STANDARD INDUSTRIAL CLASSIFICATION:	INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
		IRS NUMBER:				340794417
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		28775 AURORA RD
		CITY:			SOLON
		STATE:			OH
		ZIP:			44139
		BUSINESS PHONE:		2162480400

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HUDSON WILLIAM J
		CENTRAL INDEX KEY:			0001059467
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC CONNECTORS [3678]
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09965
		FILM NUMBER:		03807739

	BUSINESS ADDRESS:	
		STREET 1:		C/O CARPENTER TECHNOLOGY CORP
		STREET 2:		1047 NORTH PARK ROAD
		CITY:			WYOMISSING
		STATE:			PA
		ZIP:			19610
		BUSINESS PHONE:		6102082673

	MAIL ADDRESS:	
		STREET 1:		1047 NORTH PARK ROAD
		CITY:			WYOMISSING
		STATE:			PA
		ZIP:			19610
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-07-28</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000054991</issuerCik><issuerName>KEITHLEY INSTRUMENTS INC</issuerName>        <issuerTradingSymbol>KEI</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001059467</rptOwnerCik><rptOwnerName>HUDSON WILLIAM J</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>KEITHLEY INSTRUMENTS, INC.</rptOwnerStreet1><rptOwnerStreet2>28775 AURORA ROAD</rptOwnerStreet2><rptOwnerCity>SOLON</rptOwnerCity><rptOwnerState>OH</rptOwnerState><rptOwnerZipCode>44139</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDeriva
tiveHolding><securityTitle><value>Common Shares</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>15000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeHolding></nonDerivativeTable><derivativeTable><derivativeHolding><securityTitle><value>Common Stock Option</value></securityTitle><conversionOrExercisePrice><value>17.7813</value></conversionOrExercisePrice><exerciseDate><value>2000-08-13</value></exerciseDate><expirationDate><value>2010-02-12</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stk</value></underlyingSecurityTitle><underlyingSecurityShares><value>10000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>10000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value
>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Common Stock Option</value></securityTitle><conversionOrExercisePrice><value>36.85</value></conversionOrExercisePrice><exerciseDate><value>2001-08-18</value></exerciseDate><expirationDate><value>2011-02-17</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stk</value></underlyingSecurityTitle><underlyingSecurityShares><value>10000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>10000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Common Stock Option</value></securityTitle><conversionOrExercisePrice><value>19.23</value></conversionOrExercisePrice><exerciseDate><value>2002-08-17</value></exerciseDate><expiration
Date><value>2012-02-16</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stk</value></underlyingSecurityTitle><underlyingSecurityShares><value>10000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>10000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Common Stock Option</value></securityTitle><conversionOrExercisePrice><value>10.7</value></conversionOrExercisePrice><exerciseDate><value>2003-08-16</value></exerciseDate><expirationDate><value>2013-02-15</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stk</value></underlyingSecurityTitle><underlyingSecurityShares><value>10000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><valueOwnedFollowingTransaction><value>1
0000</value></valueOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeTransaction><securityTitle><value>Phantom Stock Units</value></securityTitle><conversionOrExercisePrice><value>16.8</value></conversionOrExercisePrice><transactionDate><value>2003-07-28</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>44.73</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><footnoteId id="F1" /></exerciseDate><expirationDate><footnoteId id="F1" /></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stk</value></underlyingSecu
rityTitle><underlyingSecurityShares><value>44.73</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>5993.6</value><footnoteId id="F2" /></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">The phantom stock units were accrued under the Keithley Instruments, Inc. Deferred Stock Plan and are to be settled in five installments of common stock upon retirement from the Board of the reporting person.</footnote><footnote id="F2">Phantom shares were acquired on various dates (beginning 07/19/1999) with prices ranging from $4.219 to $64.00.</footnote></footnotes><remarks></remarks><ownerSignature><signatureName>Mark J. Plush, Attorney-in Fact</signatureName><signatureDate>2003-07-29</signatureDate></ownerSignature></ownershipDocument>

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