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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 E9DMB8YLZTRWVtUIjiPXbJvujDE7e/N6B45QSqAU1d2sFegPTelArskx2dlCWdDU
 UaXyObRek7p7bQQvLTFEkw==

<SEC-DOCUMENT>0001179110-03-002934.txt : 20030723
<SEC-HEADER>0001179110-03-002934.hdr.sgml : 20030723
<ACCEPTANCE-DATETIME>20030702152006
ACCESSION NUMBER:		0001179110-03-002934
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030701
FILED AS OF DATE:		20030702

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TIERNEY DANIAL J
		CENTRAL INDEX KEY:			0001248879

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19657
		FILM NUMBER:		03771642

	MAIL ADDRESS:	
		STREET 1:		TRM CORP
		STREET 2:		5208 NE 122ND AVE
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97230-1074

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRM CORP
		CENTRAL INDEX KEY:			0000749254
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PERSONAL SERVICES [7200]
		IRS NUMBER:				930809419
		STATE OF INCORPORATION:			OR
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		5208 N E 122ND AVENUE
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97230-1074
		BUSINESS PHONE:		5032578766

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRM COPY CENTERS CORP
		DATE OF NAME CHANGE:	19940411

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALL COPY CORP
		DATE OF NAME CHANGE:	19911216
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
<periodOfReport>2003-07-01</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000749254</issuerCik>
        <issuerName>TRM CORP</issuerName>
        <issuerTradingSymbol>TRMM</issuerTradingSymbol>
</issuer>
<reportingOwner><reportingOwnerId>
            <rptOwnerCik>0001248879</rptOwnerCik>
            <rptOwnerName>TIERNEY DANIAL J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>1</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle>Executive Vice President</officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<derivativeSecurity><securityTitle><value>Incentive Stock Option</value>
</securityTitle>
<conversionOrExercisePrice><value>1.80</value>
</conversionOrExercisePrice>
<transactionDate><value>2003-07-01</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>A</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts><transactionShares><value>50000</value>
</transactionShares>
<transactionValue><value>0</value>
</transactionValue>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate><value>2004-07-01</value>
<footnoteId id="F1"></footnoteId>
</exerciseDate>
<expirationDate><value>2008-07-01</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>50000</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>50000</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
<natureOfOwnership><value></value>
</natureOfOwnership>
</ownershipNature>
</derivativeSecurity>
<footnotes><footnote id="F1">The option becomes exercisable for 25% of the shares underlying the option each year beginning July 1, 2004, so that the option is fully vested and exercisable four (4) years from the date of grant.</footnote>
</footnotes>
<ownerSignature><signatureName>Danial J. Tierney, by Kenneth L. Tepper, Attorney-in-Fact</signatureName>
<signatureDate>2003-07-01</signatureDate>
</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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