SEC FORM 4/A

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KAPLAN KENNETH F

(Last)

(First)

(Middle)

200 STATE STREET

(Street)

BELOIT

53511

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
REGAL BELOIT CORP [ RBC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP/CFO/Secretary

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)
04/26/2004

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/22/2004⁽¹⁾		A		559⁽¹⁾	A	$20.3	4,159	D
Common Stock	04/22/2004⁽¹⁾		A		700⁽¹⁾	A	$20.3	700	D
Common Stock	04/22/2004⁽¹⁾		A		700⁽¹⁾	A	$20.3	700	D
Common Stock	04/22/2004⁽¹⁾		A		467⁽¹⁾	A	$20.3	2,467	D
Common Stock	04/22/2004⁽¹⁾		A		1,334⁽¹⁾	A	$20.3	154,804	D
Common Stock	04/22/2004⁽¹⁾		A		2,500⁽¹⁾	A	$20.3	358,052	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock	$20.3	04/22/2004⁽²⁾	04/22/2007	A		1,675⁽³⁾		04/22/2007	04/22/2007	Restricted Stock	1,675	$20.3	1,675	D
Restricted Stock	$20.3	04/22/2004⁽²⁾	04/22/2007	A		2,100⁽³⁾		04/22/2007	04/22/2007	Restricted Stock	2,100	$20.3	2,100	D
Restricted Stock	$20.3	04/22/2004⁽²⁾	04/22/2007	A		2,100⁽³⁾		04/22/2007	04/22/2007	Restricted Stock	2,100	$20.3	2,100	D
Restricted Stock	$20.3	04/22/2004⁽²⁾	04/22/2007	A		1,400⁽³⁾		04/22/2007	04/22/2007	Restricted Stock	1,400	$20.3	1,400	D
Restricted Stock	$20.3	04/22/2004⁽²⁾	04/22/2007	A		4,000⁽³⁾		04/22/2007	04/22/2007	Restricted Stock	4,000	$20.3	4,000	D
Restricted Stock	$20.3	04/22/2004⁽²⁾	04/22/2007	A		5,000⁽⁴⁾		04/22/2007	04/22/2007	Restricted Stock	5,000	$20.3	5,000	D

1. Name and Address of Reporting Person^*

KAPLAN KENNETH F

(Last)

(First)

(Middle)

200 STATE STREET

(Street)

BELOIT

53511

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP/CFO/Secretary

1. Name and Address of Reporting Person^*

EISENREICH DAVID L

(Last)

(First)

(Middle)

200 STATE STREET

(Street)

BELOIT

53511

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President

1. Name and Address of Reporting Person^*

MAPES CHRISTOPHER L

(Last)

(First)

(Middle)

REGAL BELOIT CORP

200 STATE STREET

(Street)

BELOIT

53511

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President Motor Sales & Mktg.

1. Name and Address of Reporting Person^*

HOLLENBACH FRITZ

(Last)

(First)

(Middle)

200 STATE STREET

(Street)

BELOIT

53511

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP-Administration & HR

1. Name and Address of Reporting Person^*

KNUEPPEL HENRY W

(Last)

(First)

(Middle)

200 STATE STREET

(Street)

BELOIT

53511

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President/COO

1. Name and Address of Reporting Person^*

PACKARD JAMES L

(Last)

(First)

(Middle)

200 STATE STREET

(Street)

BELOIT

53511

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman/CEO

Explanation of Responses:

1. This transaction was previously reported incorrectly and should have been shown in Table II.

2. This transaction was previously reported incorrectly

3. Number of shares was previously reported as vesting over three years, which was incorrect.

4. Number of shares was previously reported as vesting over two years, which was incorrect.

	Kenneth F. Kaplan	05/17/2004
	David L. Eisenreich	05/17/2004
	Christopher L. Mapes	05/17/2004
	Fritz Hollenbach	05/17/2004
	Henry W. Knueppel	05/17/2004
	James L. Packard	05/17/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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