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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,
 DG/ymlf1Q1Re8B9g2RWCYPNags1mqylU3oaam0EJu617LrvVDArEzAbyL6IOGGOZ
 6qtk1VcPU75cvUBtGjZfKQ==

<SEC-DOCUMENT>0001005477-03-002352.txt : 20030729
<SEC-HEADER>0001005477-03-002352.hdr.sgml : 20030729
<ACCEPTANCE-DATETIME>20030729145249
ACCESSION NUMBER:		0001005477-03-002352
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030728
FILED AS OF DATE:		20030729

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GARDNER DENVER INC
		CENTRAL INDEX KEY:			0000916459
		STANDARD INDUSTRIAL CLASSIFICATION:	GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560]
		IRS NUMBER:				760419383
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1800 GARDNER EXPRESSWAY
		STREET 2:		P O BOX 528
		CITY:			QUINCY
		STATE:			IL
		ZIP:			62301
		BUSINESS PHONE:		2172225400

	MAIL ADDRESS:	
		STREET 1:		1800 GARDNER EXPRESSWAY
		STREET 2:		P O BOX 528
		CITY:			QUINCY
		STATE:			IL
		ZIP:			62301

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GARDNER DENVER MACHINERY INC
		DATE OF NAME CHANGE:	19931221

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MCKENNA THOMAS M
		CENTRAL INDEX KEY:			0001188216

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13215
		FILM NUMBER:		03808410

	BUSINESS ADDRESS:	
		STREET 1:		GARDNER DENVER, INC.
		STREET 2:		1800 GARDNER EXPRESSWAY
		CITY:			QUINCY
		STATE:			IL
		ZIP:			62301
		BUSINESS PHONE:		2172288207

	MAIL ADDRESS:	
		STREET 1:		GARDNER DENVER, INC.
		STREET 2:		1800 GARDNER EXPRESSWAY
		CITY:			QUINCY
		STATE:			IL
		ZIP:			62301
</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>2003-07-28</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000916459</issuerCik>
        <issuerName>GARDNER DENVER INC</issuerName>
        <issuerTradingSymbol>GDI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001188216</rptOwnerCik>
            <rptOwnerName>MCKENNA THOMAS M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>GARDNER DENVER, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>1800 GARDNER EXPRESSWAY</rptOwnerStreet2>
            <rptOwnerCity>QUINCY</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>62301</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>1</isDirector>
        <isOfficer>0</isOfficer>
        <isTenPercentOwner>0</isTenPercentOwner>
        <isOther>0</isOther>
    </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>

        <securityTitle>
            <value>Phantom Stock Units</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>0</value>
            <footnoteId id="F3"/>
        </conversionOrExercisePrice>

        <transactionDate>
            <value>2003-07-25</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>A</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>29.2</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>20.01</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>

        <exerciseDate>
            <value>1988-08-08</value>
            <footnoteId id="F1"/>
        </exerciseDate>

        <expirationDate>
            <value>1988-08-08</value>
            <footnoteId id="F1"/>
        </expirationDate>
        <underlyingSecurity>

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

            <underlyingSecurityShares>
                <value>29.2</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>29.2</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeTransaction>

        <derivativeTransaction>

        <securityTitle>
            <value>Phantom Stock Units</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>0</value>
            <footnoteId id="F3"/>
        </conversionOrExercisePrice>

        <transactionDate>
            <value>2003-07-25</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>A</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>158.3</value>
                <footnoteId id="F2"/>
            </transactionShares>

            <transactionPricePerShare>
                <value>20.01</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>

        <exerciseDate>
            <value>1988-08-08</value>
            <footnoteId id="F1"/>
        </exerciseDate>

        <expirationDate>
            <value>1988-08-08</value>
            <footnoteId id="F1"/>
        </expirationDate>
        <underlyingSecurity>

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

            <underlyingSecurityShares>
                <value>158.3</value>
                <footnoteId id="F2"/>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>158.3</value>
                <footnoteId id="F2"/>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeTransaction>

    </derivativeTable>
    <footnotes>
        <footnote id="F1">The cash value of these units will be distributed to the director or beneficiary on the first day of the month
following the date upon which the director ceases to be a director of the Company for any reason, (or in no more
than twelve installments beginning on the aforementioned date) pursuant to the Company's Phantom Stock Plan for
Outside Directors (the &quot;Phantom Plan&quot;).</footnote>
        <footnote id="F2">These phantom stock units were accrued under the Phantom Plan as a result of an election by the reporting person
to defer compensation.</footnote>
        <footnote id="F3">The security converts to common stock on a one-for-one basis.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Thomas M. McKenna by Tracy D. Pagliara, Attorney-in-fact for Thomas M. McKenna pursuant to Power of Attorney dated September 9, 2002 and filed with the SEC on October 2, 2002</signatureName>
        <signatureDate>2003-07-28</signatureDate>
    </ownerSignature>

</ownershipDocument>

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