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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BvDFGMwbjUrDDHTQ3ed0OSxSM48xejw4uT3S+JD+cyKf1vDaNcdiRDP3+X/pAPpx
 ppkrw+NdtwXSD0hKr0ThMQ==

<SEC-DOCUMENT>0001209191-03-012131.txt : 20030716
<SEC-HEADER>0001209191-03-012131.hdr.sgml : 20030716
<ACCEPTANCE-DATETIME>20030716150641
ACCESSION NUMBER:		0001209191-03-012131
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030620
FILED AS OF DATE:		20030716

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SL INDUSTRIES INC
		CENTRAL INDEX KEY:			0000089270
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC LIGHTING & WIRING EQUIPMENT [3640]
		IRS NUMBER:				210682685
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		520 FELLOWSHIP ROAD
		STREET 2:		SUITE A114
		CITY:			MT LAUREL
		STATE:			NJ
		ZIP:			08054
		BUSINESS PHONE:		8567271500

	MAIL ADDRESS:	
		STREET 1:		520 FELLOWSHIP ROAD
		STREET 2:		SUITE A114
		CITY:			MT LAUREL
		STATE:			NJ
		ZIP:			08054

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SGL INDUSTRIES INC
		DATE OF NAME CHANGE:	19841008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GL INDUSTRIES INC
		DATE OF NAME CHANGE:	19710111

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GL ELECTRONICS CO INC
		DATE OF NAME CHANGE:	19670928

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SMITH RICHARD A
		CENTRAL INDEX KEY:			0001254427

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04987
		FILM NUMBER:		03789178

	BUSINESS ADDRESS:	
		STREET 1:		145 CENTRAL PARK WEST APT 19C
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10023
		BUSINESS PHONE:		2127247689

	MAIL ADDRESS:	
		STREET 1:		145 CENTRAL PARK WEST APT 19C
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10023
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bop88481_bop16ras.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-06-20</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000089270</issuerCik><issuerName>SL INDUSTRIES INC</issuerName>        <issuerTradingSymbol>SLI</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001254427</rptOwnerCik><rptOwnerName>SMITH RICHARD A</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-06-20</value></transaction
Date><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>17796</value></transactionShares><transactionValue><value>6.0000</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>17796</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeSecurity><derivativeSecurity><securityTitle><value>Common Stock Option</value></securityTitle><conversionOrExercisePrice><value>6.0000</value></conversionOrExercisePrice><transactionDate><value>2003-06-20</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equityS
wapInvolved></transactionCoding><transactionAmounts><transactionShares><value>17796</value></transactionShares><transactionValue><value>6.0000</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-02-28</value></exerciseDate><expirationDate><value>2013-02-28</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>17796</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeSecurity><ownerSignature><signatureName>/s/ Richard A. Smith</signatureName><signatureDate>2003-06-12</signatureDate></ownerSignature></ownershipDocument>

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