SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Wright Teresa L

(Last)

(First)

(Middle)

7401 BOONE AVENUE NORTH

(Street)

BROOKLYN PARK

55428

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/28/2004

3. Issuer Name and Ticker or Trading Symbol
WILSONS THE LEATHER EXPERTS INC [ WLSN ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	400.542	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (right to buy)	⁽¹⁾	01/28/2008	Common Stock	5,750	$5.8333	D
Stock Option (right to buy)	⁽²⁾	10/31/2010	Common Stock	3,600	$15.3125	D
Stock Option (right to buy)	⁽³⁾	03/17/2014	Common Stock	4,500	$2.9	D

Explanation of Responses:

1. The reporting person was granted options to purchase 6,750 shares of Common Stock. The reporting person exercised options for 1,000 shares prior to being appointed Vice President. The option became exercisable cumulatively, as to 2,250 shares of Common Stock on each of January 28, 1999, January 28, 2000 and January 28, 2001.

2. The reporting person was granted options to purchase 3,600 shares of Common Stock. The option became exercisable cumulatively, as to 1,200 shares of Common Stock on each of October 31, 2001, October 31, 2002 and October 31, 2003.

3. The reporting person was granted options to purchase 4,500 shares of Common Stock. The option becomes exercisable cumulatively, as to 1,500 shares of Common Stock on each of March 17, 2005, March 17, 2006 and March 17, 2007.

Remarks:

	/s/Teresa L. Wright	06/30/2004
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.