-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WQo4D02mlV4wyENkFU/em7kdhGcgzXi06eBx+gWRkPlcoPG8NH8Ti+JL5QcboKUa
 sALC+5j7K4sVWGcm2J3yEg==

<SEC-DOCUMENT>0001209191-03-031971.txt : 20031124
<SEC-HEADER>0001209191-03-031971.hdr.sgml : 20031124
<ACCEPTANCE-DATETIME>20031124171235
ACCESSION NUMBER:		0001209191-03-031971
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031120
FILED AS OF DATE:		20031124

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CORNWELL G DARWYN
		CENTRAL INDEX KEY:			0001266135

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-05214
		FILM NUMBER:		031021253

	BUSINESS ADDRESS:	
		STREET 1:		2819 WALNUT HILL LANE
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75229
		BUSINESS PHONE:		2146265560

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEERLESS MANUFACTURING CO
		CENTRAL INDEX KEY:			0000076954
		STANDARD INDUSTRIAL CLASSIFICATION:	GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569]
		IRS NUMBER:				750724417
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		2819 WALNUT HILL LN
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75229
		BUSINESS PHONE:		2143576181

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 540667
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75354
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bod10827_bod2gdc.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-11-20</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000076954</issuerCik><issuerName>PEERLESS MANUFACTURING CO</issuerName>        <issuerTradingSymbol>PMFG</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001266135</rptOwnerCik><rptOwnerName>CORNWELL G DARWYN</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>C/O PEERLESS MFG. CO.</rptOwnerStreet1><rptOwnerStreet2>2819 WALNUT HILL LANE</rptOwnerStreet2><rptOwnerCity>DALLAS</rptOwnerCity><rptOwnerState>TX</rptOwnerState><rptOwnerZipCode>75229</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Vice President</officerTitle></reportingOwnerRelationship><
/reportingOwner><derivativeTable><derivativeTransaction><securityTitle><value>Non Qualified Stock Option</value></securityTitle><conversionOrExercisePrice><value>12.64</value></conversionOrExercisePrice><transactionDate><value>2003-11-20</value></transactionDate><deemedExecutionDate><value>2003-11-20</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>1000</value></transactionShares><transactionPricePerShare><value>12.64</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2004-11-20</value></exerciseDate><expirationDate><value>2013-11-20</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>1000</value></underlyingSecurityS
hares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction><derivativeTransaction><securityTitle><value>Non Qualified Stock Option</value></securityTitle><conversionOrExercisePrice><value>12.64</value></conversionOrExercisePrice><transactionDate><value>2003-11-20</value></transactionDate><deemedExecutionDate><value>2003-11-20</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>1000</value></transactionShares><transactionPricePerShare><value>12.64</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><va
lue>2005-11-20</value></exerciseDate><expirationDate><value>2013-11-20</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>1000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>2000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction><derivativeTransaction><securityTitle><value>Non Qualified Stock Option</value></securityTitle><conversionOrExercisePrice><value>12.64</value></conversionOrExercisePrice><transactionDate><value>2003-11-20</value></transactionDate><deemedExecutionDate><value>2003-11-20</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionA
mounts><transactionShares><value>1000</value></transactionShares><transactionPricePerShare><value>12.64</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2006-11-20</value></exerciseDate><expirationDate><value>2013-11-20</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>1000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>3000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction><derivativeTransaction><securityTitle><value>Non Qualified Stock Option</value></securityTitle><conversionOrExercisePrice><value>12.64</value></conversionOrExercisePrice><transactionDate><value>2003-11-20</value><
/transactionDate><deemedExecutionDate><value>2003-11-20</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>1000</value></transactionShares><transactionPricePerShare><value>12.64</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2007-11-20</value></exerciseDate><expirationDate><value>2013-11-20</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>1000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>4000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwners
hip></ownershipNature></derivativeTransaction></derivativeTable><ownerSignature><signatureName>/s/ G. Darwyn Cornwell</signatureName><signatureDate>2003-11-24</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----