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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,
 BZbXfDdT2AGIZ4Kkf4LFytYDqz7oxRmdEVZCmImA5T7CJxMDslrV6IU+4t/lhpjq
 eEJ/qxuSAthXQ220tPOJTA==

<SEC-DOCUMENT>0001209191-03-005642.txt : 20030528
<SEC-HEADER>0001209191-03-005642.hdr.sgml : 20030528
<ACCEPTANCE-DATETIME>20030528113153
ACCESSION NUMBER:		0001209191-03-005642
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030523
FILED AS OF DATE:		20030528

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAVEN INDUSTRIES INC
		CENTRAL INDEX KEY:			0000082166
		STANDARD INDUSTRIAL CLASSIFICATION:	PRINTED CIRCUIT BOARDS [3672]
		IRS NUMBER:				460246171
		STATE OF INCORPORATION:			SD
		FISCAL YEAR END:			0131

	BUSINESS ADDRESS:	
		STREET 1:		205 E 6TH ST
		STREET 2:		PO BOX 5107
		CITY:			SIOUX FALLS
		STATE:			SD
		ZIP:			57117
		BUSINESS PHONE:		6053362750

	MAIL ADDRESS:	
		STREET 1:		P O BOX 5107
		CITY:			SIOUX FALLS
		STATE:			SD
		ZIP:			57117-5107

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MOQUIST RONALD M
		CENTRAL INDEX KEY:			0001182948

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07982
		FILM NUMBER:		03720986

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 5107
		CITY:			SIOUX FALLS
		STATE:			SD
		ZIP:			571175107
		BUSINESS PHONE:		6053350100

	MAIL ADDRESS:	
		STREET 1:		P O BOX 5107
		CITY:			SIOUX FALLS
		STATE:			SD
		ZIP:			571175107
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bmn76906_bmn2rmm.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-05-23</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000082166</issuerCik><issuerName>RAVEN INDUSTRIES INC</issuerName>        <issuerTradingSymbol>RAVN</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001182948</rptOwnerCik><rptOwnerName>MOQUIST RONALD M</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>President and CEO</officerTitle></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>Common Stock</value></securityTitle><tra
nsactionDate><value>2003-05-23</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>20000</value></transactionShares><transactionValue><value>5.3333</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>322864</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeSecurity><nonDerivativeSecurity><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-05-23</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>F</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCod
ing><transactionAmounts><transactionShares><value>10500</value></transactionShares><transactionValue><value>18.30</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>312364</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeSecurity><derivativeSecurity><securityTitle><value>Stock Option </value><footnoteId id="F1" /></securityTitle><conversionOrExercisePrice><value>5.333</value></conversionOrExercisePrice><transactionDate><value>2003-05-23</value></transactionDate><deemedExecutionDate><value>2003-05-23</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>2
0000</value></transactionShares><transactionValue><value>5.3333</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-05-23</value></exerciseDate><expirationDate><value>2005-08-01</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>60000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>40000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">Pursuant to Rule 16b-3.  Right to buy.  All options are exercisable at the rate of 25% annually beginning one year after date of grant.</footnote></footnotes><ownerSignature><signatureName>/s/ Ronald M Moquist</signatureName><signatu
reDate>2003-05-27</signatureDate></ownerSignature></ownershipDocument>

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