-----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,
 O+ChHbo6ZsYIhnZDDOfDatp0xoflYn3LJI5QvU6rXgGZrZk0dvbL+vDxrBUbzs9e
 vgkTx9sQ6xvhjZrTD8eetA==

<SEC-DOCUMENT>0001005477-03-001770.txt : 20030530
<SEC-HEADER>0001005477-03-001770.hdr.sgml : 20030530
<ACCEPTANCE-DATETIME>20030530111120
ACCESSION NUMBER:		0001005477-03-001770
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030528
FILED AS OF DATE:		20030530

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MCARDLE JOHN J III
		CENTRAL INDEX KEY:			0000941483

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04184
		FILM NUMBER:		03724701

	BUSINESS ADDRESS:	
		STREET 1:		153 BANCROFT AVE
		CITY:			READING
		STATE:			MA
		ZIP:			01867
		BUSINESS PHONE:		7819440443

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VALPEY FISHER CORP
		CENTRAL INDEX KEY:			0000085608
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
		IRS NUMBER:				060737363
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		75 SOUTH ST
		CITY:			HOPKINTON
		STATE:			MA
		ZIP:			01748
		BUSINESS PHONE:		5084359039

	MAIL ADDRESS:	
		STREET 1:		75 SOUTH STREET
		CITY:			HOPKINTON
		STATE:			MA
		ZIP:			01748

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MATEC CORP/DE/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RSC INDUSTRIES INC
		DATE OF NAME CHANGE:	19840515

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	REEVES INDUSTRIES INC
		DATE OF NAME CHANGE:	19710520
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-05-28</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000085608</issuerCik>
        <issuerName>VALPEY FISHER CORP</issuerName>
        <issuerTradingSymbol>VPF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
    <reportingOwnerId>
            <rptOwnerCik>0000941483</rptOwnerCik>
            <rptOwnerName>MCARDLE JOHN J III</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>Secretary</officerTitle>
    </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeSecurity>
        <securityTitle>
            <value>Common Stock - $.05 par value</value>
        </securityTitle>
        <transactionDate>
            <value>2003-05-28</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>P</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>
            <transactionShares>
                <value>1000</value>
            </transactionShares>
            <transactionValue>
                <value>2.45</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>
            <sharesOwnedFollowingTransaction>
                <value>125418</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </nonDerivativeSecurity>

    <footnotes>
        <footnote id="F1">Does not include 48,625 shares owned by the reporting person's spouse  as to which the reporting person disclaims beneficial ownership.
</footnote>
        <footnote id="F2">Does not include 150,000 shares held by a Trust, of which the reporting person is one of three trustees, as to which the reporting person has no pecuniary interest and disclaims beneficial ownership.
</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ John J. McArdle</signatureName>
        <signatureDate>2003-05-29</signatureDate>
    </ownerSignature>

</ownershipDocument>

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