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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,
 NMMzHmC/5y3Jb96igYHDYqCL38QEBgac4n7lnY/glV409UFV6fEoNULc/trZK9A4
 rBb1WCCTV1tPdM8p7aH0HQ==

<SEC-DOCUMENT>0001089355-03-000375.txt : 20030818
<SEC-HEADER>0001089355-03-000375.hdr.sgml : 20030818
<ACCEPTANCE-DATETIME>20030818114012
ACCESSION NUMBER:		0001089355-03-000375
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030813
FILED AS OF DATE:		20030818

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:		03852138

	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>mcardle4valpey8342_ex.xml
<DESCRIPTION>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-08-13</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>153 BANCROFT AVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>READING</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>01867</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>Secretary</officerTitle>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock - $.05 par value</value>
      </securityTitle>
      <transactionDate>
         <value>2003-08-13</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>3300</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>2.5</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>128718</value>
            <footnoteId id="F1"/>
            <footnoteId id="F2"/>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
   <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>2003-08-15</signatureDate>
   </ownerSignature>
</ownershipDocument>

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