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	OMB APPROVAL OMB Number: 3235-0287 Expires: December 31, 2014 Estimated average burden hours per response: 0.5
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1. Name and Address of Reporting Person* SIMMONS HAROLD C (Last) (First) (Middle) (Street) (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol KEYSTONE CONSOLIDATED INDUSTRIES INC [ kesn ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 01/14/2003
	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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series A Convertible Preferred Stock(1)	4(2)	01/14/2003(3)		J(3)		54,956		03/15/2003(4)	08/08/1998(5)	Common Stock $1.00 par value	13,739,000(4)	$211.08(6)	54,956	I	By Contran(7)

Explanation of Responses:

1. The issuer's Series A 10% Cumulative Convertible Pay-In-Kind Preferred Stock, stated value $1,000 and no par value per share (the "Series A Preferred Stock"), the terms of which are set forth in, and incorporated herein by reference from, the Amended and Restated Certificate of Designations, Rights and Preferences of the Series A 10% Cumulative Convertible Pay-In-Kind Preferred Stock filed as Exhibit 3.2 to the issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2002 with the Securities and Exchange Commission (the "Amended and Restated Certificate of Designations").

2. The conversion price is based on the current conversion price of $4.00 per share Series A Preferred Stock, which is equivalent to one share of Series A Preferred Stock convertible into 250 shares of the issuer's common stock. The conversion price may be adjusted from time to time pursuant to the Amended and Restated Certificate of Designations.

3. Contran Corporation purchased 54,956 shares of Series A Preferred Stock on October 16, 2003. Shares of Series A Preferred Stock do not become convertible into shares of the issuer's common stock until March 15, 2003. The reporting person is deemed to own the underlying common stock 60 days prior to the March 15, 2003 conversion date, or January 14, 2003. See additional information attached as an exhibit to this statement for a description of the relationship between Contran Corporation and the reporting person.

4. There is currently a limitation on the full conversion of these shares of Series A Preferred Stock into shares of the issuer's common stock due to the current authorized number of shares of the issuer's common stock set forth in the issuer's Restated Certificate of Incorporation. See the additional information attached as an exhibit to this statement for a description of this limitation.

5. There is no expiration date.

6. The aggregate purchase price for the 54,956 shares of Series A Preferred Stock was $11,600,000.00.

7. Directly held by Contran Corporation. See the additional information attached as an exhibit to this statement for a description of the relationship between Contran Corporation and the reporting person and additional shares of the issuer's common stock the reporting person may be deemed to beneficially own, directly or indirectly.

	Harold C. Simmons by A. Andrew R. Louis, attorney-in-fact	06/30/2003
	** Signature of Reporting Person	Date
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