-----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,
 EyvMkY4vmBcuKtsVkdUj37gFGkHBDP+6UfdeR4p6mb6NUxOZ2g5P9i21VPYau3ix
 4rxYiizssAITnEUg+JnPjg==

<SEC-DOCUMENT>0001209191-04-042167.txt : 20040825
<SEC-HEADER>0001209191-04-042167.hdr.sgml : 20040825
<ACCEPTANCE-DATETIME>20040825203952
ACCESSION NUMBER:		0001209191-04-042167
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040824
FILED AS OF DATE:		20040825
DATE AS OF CHANGE:		20040825

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GARBER JOHN J
		CENTRAL INDEX KEY:			0001241490

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20206
		FILM NUMBER:		04997424

	BUSINESS ADDRESS:	
		STREET 1:		47827 HALYARD DR
		CITY:			PLYMOUTH
		STATE:			MI
		ZIP:			48170
		BUSINESS PHONE:		7344144810

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PERCEPTRON INC/MI
		CENTRAL INDEX KEY:			0000887226
		STANDARD INDUSTRIAL CLASSIFICATION:	OPTICAL INSTRUMENTS & LENSES [3827]
		IRS NUMBER:				382381442
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		47827 HALYARD DRIVE
		CITY:			PLYMOUTH
		STATE:			MI
		ZIP:			48170-2461
		BUSINESS PHONE:		3134144816

	MAIL ADDRESS:	
		STREET 1:		47827 HALYARD DRIVE
		CITY:			PLYMOUTH
		STATE:			MI
		ZIP:			48170-2461
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bde87868_bde1jjg.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-08-24</periodOfReport>

    <issuer>
        <issuerCik>0000887226</issuerCik>
        <issuerName>PERCEPTRON INC/MI</issuerName>
        <issuerTradingSymbol>PRCP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001241490</rptOwnerCik>
            <rptOwnerName>GARBER JOHN J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>47827 HALYARD DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PLYMOUTH</rptOwnerCity>
            <rptOwnerState>MI</rptOwnerState>
            <rptOwnerZipCode>48170</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Vice President and CFO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-08-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.53</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>24456</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.53</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-08-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2004-01-02</value>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2011-01-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes 5,527 Shares acquired under the Issuer's Employee Stock Purchase Plan since the last report filed.</footnote>
        <footnote id="F2">Granted to the individual under the 1992 Stock Option Plan, an exempt plan under old rule 16b-3.  Balance of options is exercisable as follows: 500 shares on 1/2/04 and 2,500 on 1/2/05.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ John J Garber</signatureName>
        <signatureDate>2004-08-25</signatureDate>
    </ownerSignature>
</ownershipDocument>

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