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^*

SCHWEINFURTH SCOTT D

(Last)

(First)

(Middle)

800 S. NORTHPOINT BLVD

(Street)

WAUKEGAN

60085

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WMS INDUSTRIES INC /DE/ [ WMS ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, CFO & Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2010

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)
Common Stock	09/16/2010		A		6,990⁽¹⁾	A	$0	54,632⁽²⁾	D
Common Stock	09/17/2010		M		62,500⁽³⁾	A	$11.54	117,132⁽²⁾	D
Common Stock	09/17/2010		S		62,500	D	$39.1⁽⁴⁾	54,632⁽²⁾	D
Common Stock	09/17/2010		F		584⁽⁵⁾	D	$39.01	54,048⁽²⁾	D
Common Stock	09/18/2010		F		851⁽⁵⁾	D	$39.13	53,197⁽²⁾	D
Common Stock	09/19/2010		F		735⁽⁵⁾	D	$39.13	52,462⁽²⁾	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)
Stock Option	$39.01	09/16/2010		A		18,192		⁽⁶⁾	09/16/2017	Common Stock	18,192	$0	18,192	D
Stock Option	$11.54	09/17/2010		M			62,500	11/15/2001	11/15/2010	Common Stock	62,500	$0	0	D

Explanation of Responses:

1. Restricted Stock Unit Grant: Restrictions will lapse on ?? of such shares on each of 9/16/2011, 2012, 2013 and 2014.

2. Includes 20,762 shares that remain restricted as of September 20, 2010.

3. These shares were acquired upon exercise of options that were granted in 2000 and would have expired on November 15, 2010.

4. The details of these trades were as follows: 1,306 at $38.85; 500 at $38.86; 600 at $38.87; 1,800 at $38.88; 2,200 at $38.89; 500 at $38.92; 600 at $38.93; 600 at $38.94; 100 at $38.95; 300 at $38.97; 100 at $38.98; 100 at $38.99; 5,089 at $39.00; 1,100 at $39.01; 2,000 at $39.02; 6,100 at $39.03; 5,800 at $39.04; 6,300 at $39.05; 500 at $39.06; 1,200 at $39.07; 1,900 at $39.08; 4,075 at $39.09; 1,300 at $39.10; 1,100 at $39.11; 100 at $39.12; 700 at $39.13; 600 at $39.14; 600 at $39.15; 500 at $39.16; 1,988 at $39.17; 200 at $39.22; 100 at $39.23; 200 at $39.25; 200 at $39.27; 500 at $39.28; 800 at $39.29; 1,300 at $39.30; 1,000 at $39.31; 500 at $39.32; 151 at $39.33; 700 at $39.37; 200 at $39.38; 500 at $39.40; 300 at $39.41; 2,200 at $39.42; 1,191 at $39.43; 400 at $39.44; 700 at $39.45; 500 at $39.46 and 1,200 at $39.48.

5. Represents a reduction in shares to satisfy tax withholding in connection with the vesting of shares of restricted stock on such date.

6. Stock Option Grant: Vesting 1/3 on each of 9/16/2011, 2012 and 2013.

	/s/ Scott D. Schweinfurth	09/20/2010
	** 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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