SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BOXER SHELLEY

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MSC INDUSTRIAL DIRECT CO INC [ MSM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP of Finance

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock, $.001 par value	11/14/2003		M		30,588	A	$9.5	34,588	D
Class A Common Stock, $.001 par value	11/14/2003		M		12,000	A	$7.75	46,588	D
Class A Common Stock, $.001 par value	11/14/2003		S		100	D	$26.46	46,488	D
Class A Common Stock, $.001 par value	11/14/2003		S		1,000	D	$26.47	45,488	D
Class A Common Stock, $.001 par value	11/14/2003		S		200	D	$26.48	45,288	D
Class A Common Stock, $.001 par value	11/14/2003		S		29,800	D	$26.5	15,488	D
Class A Common Stock, $.001 par value	11/14/2003		S		1,188	D	$26.51	14,300	D
Class A Common Stock, $.001 par value	11/14/2003		S		100	D	$26.52	14,200	D
Class A Common Stock, $.001 par value	11/14/2003		S		900	D	$26.55	13,300	D
Class A Common Stock, $.001 par value	11/14/2003		S		2,700	D	$26.56	10,600	D
Class A Common Stock, $.001 par value	11/14/2003		S		2,100	D	$26.57	8,500	D
Class A Common Stock, $.001 par value	11/14/2003		S		500	D	$26.59	8,000	D
Class A Common Stock, $.001 par value	11/14/2003		S		3,200	D	$26.6	4,800	D
Class A Common Stock, $.001 par value	11/14/2003		S		800	D	$26.61	4,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Options (right to buy)⁽¹⁾	$9.5	11/14/2003		M			30,588	⁽²⁾	12/15/2005	See Footnote⁽⁴⁾	30,588	$0.00	0.00	D
Options (right to buy)⁽¹⁾	$7.75	11/14/2003		M			12,000	⁽³⁾	10/19/2009	See Footnote⁽⁴⁾	12,000	$0.00	4,000	D

Explanation of Responses:

1. Options to purchase Issuer's Class A common stock, $.001 par value.

2. An option to purchase 70,588 shares of the Issuer's common stock, par value $.001 per share, was issued to the Reporting Person under the Issuer's 1995 Stock Option Plan. One-fifth of such option became exercisable on each of December 15, 1996, December 15, 1997, December 15, 1998, December 15, 1999 and December 15, 2000.

3. An option to purchase 20,000 shares of the Issuer's common stock, par value $.001 per share, was issued to the Reporting Person under the Issuer's 1998 Stock Option Plan. One-fifth of such option became exercisable on each of October 19, 2000, October 19, 2001, October 19, 2002, and October 19, 2003. The balance of such option becomes exercisable in one-fifth on October 19, 2004.

4. Class A common stock, $.001 par value.

	/s/ Shelley Boxer	11/17/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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