-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 R8fBZVkwqR8oiQGNyhbraAwxzrznYAF8oFZfZEGWfFYlURdOVeJOzvtCPA+orroU
 Wx9d0EacisVDeL7YypVhcQ==

<SEC-DOCUMENT>0001005477-03-003189.txt : 20030805
<SEC-HEADER>0001005477-03-003189.hdr.sgml : 20030805
<ACCEPTANCE-DATETIME>20030805173325
ACCESSION NUMBER:		0001005477-03-003189
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030801
FILED AS OF DATE:		20030805

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GEHL CO
		CENTRAL INDEX KEY:			0000856386
		STANDARD INDUSTRIAL CLASSIFICATION:	FARM MACHINERY & EQUIPMENT [3523]
		IRS NUMBER:				390300430
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		143 WATER STREET
		CITY:			WEST BEND
		STATE:			WI
		ZIP:			53095
		BUSINESS PHONE:		2623349461

	MAIL ADDRESS:	
		STREET 1:		143 WATER STREET
		CITY:			WEST BEND
		STATE:			WI
		ZIP:			53095

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GEHL WILLIAM D
		CENTRAL INDEX KEY:			0001031773

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18110
		FILM NUMBER:		03824586

	BUSINESS ADDRESS:	
		STREET 1:		CARE OF GEHL COMPANY
		STREET 2:		143 WATER STREET
		CITY:			WEST BEND
		STATE:			WI
		ZIP:			53095
		BUSINESS PHONE:		4143346641

	MAIL ADDRESS:	
		STREET 1:		C/O GEHL COMPANY
		STREET 2:		143 WATER STREET
		CITY:			WEST BEND
		STATE:			WI
		ZIP:			53095
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-08-01</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000856386</issuerCik>
        <issuerName>GEHL CO</issuerName>
        <issuerTradingSymbol>GEHL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>

        <reportingOwnerId>
            <rptOwnerCik>0001031773</rptOwnerCik>
            <rptOwnerName>GEHL WILLIAM D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GEHL COMPANY</rptOwnerStreet1>
            <rptOwnerStreet2>143 WATER STREET</rptOwnerStreet2>
            <rptOwnerCity>WEST BEND</rptOwnerCity>
            <rptOwnerState>WI</rptOwnerState>
            <rptOwnerZipCode>53095</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>1</isDirector>
        <isOfficer>1</isOfficer>
        <isTenPercentOwner>0</isTenPercentOwner>
        <isOther>0</isOther>
        <officerTitle>Chairman and CEO</officerTitle>
    </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>

        <securityTitle>
            <value>Common Stock</value>
        </securityTitle>

        <transactionDate>
            <value>2003-08-01</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>3300</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>10.75</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>40930</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Common Stock</value>
        </securityTitle>

        <transactionDate>
            <value>2003-08-04</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>1000</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>10.69</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>39930</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Common Stock</value>
        </securityTitle>

        <transactionDate>
            <value>2003-08-04</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>2000</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>10.71</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>37930</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

    </nonDerivativeTable>
    <derivativeTable>
        <derivativeHolding>

        <securityTitle>
            <value>Options (Rights to Buy) Grant Date: 7/19/95</value>
            <footnoteId id="F1"/>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>8.50</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>1998-07-18</value>
            <footnoteId id="F2"/>
        </exerciseDate>

        <expirationDate>
            <value>2005-07-18</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>70000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>70000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Options (Rights To Buy) Grant Date:  10/17/97</value>
            <footnoteId id="F1"/>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>20.8125</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>2000-10-16</value>
            <footnoteId id="F2"/>
        </exerciseDate>

        <expirationDate>
            <value>2007-10-16</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>21000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>21000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Options (Rights To Buy) Grant Date:  12/18/98</value>
            <footnoteId id="F1"/>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>14.00</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>2001-12-17</value>
            <footnoteId id="F2"/>
        </exerciseDate>

        <expirationDate>
            <value>2008-12-17</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>25000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>25000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Options (Rights To Buy) Grant Date:  12/17/99</value>
            <footnoteId id="F1"/>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>17.75</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>2002-12-16</value>
            <footnoteId id="F2"/>
        </exerciseDate>

        <expirationDate>
            <value>2009-12-16</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>30000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>30000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Options (Rights To Buy) Grant Date:  12/15/00</value>
            <footnoteId id="F1"/>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>12.125</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <footnoteId id="F3"/>
        </exerciseDate>

        <expirationDate>
            <value>2010-12-14</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>60000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>60000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Options (Rights To Buy) Grant Date:  12/14/01</value>
            <footnoteId id="F1"/>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>14.90</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <footnoteId id="F3"/>
        </exerciseDate>

        <expirationDate>
            <value>2011-12-13</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>65000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>65000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Options (Rights To Buy) Grant Date:  12/20/02</value>
            <footnoteId id="F1"/>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>8.84</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <footnoteId id="F3"/>
        </exerciseDate>

        <expirationDate>
            <value>2012-12-19</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>30000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>30000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

    </derivativeTable>
    <footnotes>
        <footnote id="F1">These options were granted on the transaction date indicated above to the reporting person under the Gehl Company 1995 Stock Option Plan or the Gehl Company 2000 Equity Incentive Plan.</footnote>
        <footnote id="F2">These options were subject to a three-year period following the date of grant during which  such options vested and became exercisable on a cumulative basis with respect to one-third of the shares covered by the options each year.  The date above reflects the date on which the options became fully vested.</footnote>
        <footnote id="F3">These options are subject to a three-year period following the date of grant during which such options vest and become exercisable on a cumulative basis with respect to one-third of the shares covered by the options each year.  The options are subject to immediate vesting following the occurrence of certain events.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Michael J. Mulcahy, Attorney-in-Fact for William D. Gehl</signatureName>
        <signatureDate>2003-08-05</signatureDate>
    </ownerSignature>

</ownershipDocument>

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