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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FXlBVpKMY+5lOnGYOsczDmOh5io4bQFFJg1yFjvGh5k7NCiZbULPwokRF+TB0OqB
 pgnO/EfUuNHqaNdPRrkNdA==

<SEC-DOCUMENT>0001181431-03-018906.txt : 20030815
<SEC-HEADER>0001181431-03-018906.hdr.sgml : 20030815
<ACCEPTANCE-DATETIME>20030815143459
ACCESSION NUMBER:		0001181431-03-018906
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030814
FILED AS OF DATE:		20030815

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ALVES JEANNE E
		CENTRAL INDEX KEY:			0001220092

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13465
		FILM NUMBER:		03850446

	MAIL ADDRESS:	
		STREET 1:		C/O FALMOUTH BANCORP INC
		STREET 2:		20 DAVID STRAITS
		CITY:			FALMOUTH
		STATE:			MA
		ZIP:			02540

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FALMOUTH BANCORP INC
		CENTRAL INDEX KEY:			0001027280
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				043337685
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		20 DAVIS STRAITS
		CITY:			FALMOUTH
		STATE:			MA
		ZIP:			02540
		BUSINESS PHONE:		5085405860

	MAIL ADDRESS:	
		STREET 1:		20 DAVIS STRAITS
		CITY:			FALMOUTH
		STATE:			MA
		ZIP:			02540
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd16083.xml
<DESCRIPTION>FALMOUTH/FORM 4 FOR ALVES-8/14/03
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-08-14</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001027280</issuerCik>
        <issuerName>FALMOUTH BANCORP INC</issuerName>
        <issuerTradingSymbol>FCB</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001220092</rptOwnerCik>
            <rptOwnerName>ALVES JEANNE E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>20 DAVIS STRAITS</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>FALMOUTH</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02540</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>1</isOther><otherText>Secretary</otherText></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock, par value $.01 per share</value></securityTitle><transactionDate><value>2003-08-14</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>300</value></transactionShares><transactionPricePerShare><value>13.375</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>158</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></owner
shipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock, par value $.01 per share</value></securityTitle><transactionDate><value>2003-08-14</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>300</value></transactionShares><transactionPricePerShare><value>26.50</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>474</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value><footnoteId id="F1"/></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeHolding><securityTitle><value>Common Stock, par value $.01 per share</value></securityTitle><postT
ransactionAmounts><sharesOwnedFollowingTransaction><value>2439</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>See note (2)</value><footnoteId id="F2"/></natureOfOwnership></ownershipNature></nonDerivativeHolding><nonDerivativeHolding><securityTitle><value>Common Stock, par value $.01 per share</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>Joint with Spouse</value></natureOfOwnership></ownershipNature></nonDerivativeHolding><nonDerivativeHolding><securityTitle><value>Common Stock, par value $.01 per share</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>600</value></sharesOwnedFollowingTransaction></postTransactionAmoun
ts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>Spouse's IRA</value><footnoteId id="F3"/></natureOfOwnership></ownershipNature></nonDerivativeHolding></nonDerivativeTable><derivativeTable><derivativeTransaction><securityTitle><value>Stock Option (right to buy)</value></securityTitle><conversionOrExercisePrice><value>13.375</value></conversionOrExercisePrice><transactionDate><value>2003-08-14</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>300</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1998-01-21</value><footnoteId id="F4"/></exerciseDate><expirationDate><value>2007-04-15</value></expir
ationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>300</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1200</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction><derivativeHolding><securityTitle><value>Stock Option (right to buy)</value></securityTitle><conversionOrExercisePrice><value>22.0</value></conversionOrExercisePrice><exerciseDate><value>2003-02-01</value><footnoteId id="F5"/></exerciseDate><expirationDate><value>2012-03-19</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>700</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>700</
value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding></derivativeTable><footnotes><footnote id="F1">Reflects a restricted stock award granted to the reporting person under the 1997 Recognition and Retention Plan for outside Directors, Officers and Employees of Falmouth Bancorp, Inc. ("RRP") where vesting will occur in 25% installments on an annual basis beginning on 2/1/03.</footnote><footnote id="F2">Reflects the total number of shares allocated to the reporting person's account under the Falmouth Bancorp, Inc. Employee Stock Ownership Plan ("ESOP") as of September 30, 2002. Pursuant to Rule 16a-3(f)(1)(i)(b), this nondiscretionary transaction occuring under the ESOP, a tax qualified plan, is exempt from the reporting requirements of Section 16(a) of the Securities Exchange Act, as amended.</footnote><footnote id="F3">The reporting person disclaims beneficial ownership of
 these shares.</footnote><footnote id="F4">Reflects Stock Options granted to the reporting person under the 1997 Stock Option Plan for outside Directors, Officers and Employees of Falmouth Bancorp, Inc. where vesting will occur in 20% installments on an annual basis beginning on 1/21/98.</footnote><footnote id="F5">Reflects Stock Options granted to the reporting person under the 1997 Stock Option Plan for outside Directors, Officers and Employees of Falmouth Bancorp, Inc. where vesting will occur in 25% installments on an annual basis beginning on 2/01/03.</footnote></footnotes><ownerSignature><signatureName>Jeanne E. Alves</signatureName><signatureDate>2003-08-14</signatureDate></ownerSignature></ownershipDocument>



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</SEC-DOCUMENT>
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