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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 n5MsNHw0Jr2XjzeeyxBqJg==

<SEC-DOCUMENT>0001181431-04-009792.txt : 20040217
<SEC-HEADER>0001181431-04-009792.hdr.sgml : 20040216
<ACCEPTANCE-DATETIME>20040217125153
ACCESSION NUMBER:		0001181431-04-009792
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031023
FILED AS OF DATE:		20040217

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRICESMART INC
		CENTRAL INDEX KEY:			0001041803
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-VARIETY STORES [5331]
		IRS NUMBER:				330628530
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	BUSINESS ADDRESS:	
		STREET 1:		4649 MORENA BLVD
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92117
		BUSINESS PHONE:		6195814530

	MAIL ADDRESS:	
		STREET 1:		4649 MORENA BLVD
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92117

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PRICE SOL
		CENTRAL INDEX KEY:			0000900936

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22793
		FILM NUMBER:		04606226

	BUSINESS ADDRESS:	
		STREET 1:		7979 IVANHOE AVE
		STREET 2:		SUITE 520
		CITY:			LA JOLLA
		STATE:			CA
		ZIP:			92037
		BUSINESS PHONE:		6195512345

	MAIL ADDRESS:	
		STREET 1:		7979 IVANHOE AVE
		STREET 2:		STE 520
		CITY:			LA JOLLA
		STATE:			CA
		ZIP:			92037
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>rrd33225.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2003-10-23</periodOfReport>

    <dateOfOriginalSubmission>2003-10-24</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001041803</issuerCik>
        <issuerName>PRICESMART INC</issuerName>
        <issuerTradingSymbol>PSMT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000900936</rptOwnerCik>
            <rptOwnerName>PRICE SOL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>7979 IVANHOE AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 520</rptOwnerStreet2>
            <rptOwnerCity>LA JOLLA</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92037</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, $.0001 par</value>
            </securityTitle>
            <transactionDate>
                <value>2003-10-23</value>
                <footnoteId id="F4"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>330000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>10.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2067599</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes below</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The 2,067,599 shares of Common Stock beneficially owned includes 368,594 shares as trustee of the Sol and Helen Price Trust, 914,382 shares as director of the Price Family Charitable Fund, 619,046 shares as director of San Diego Revitalization Corporation, and 165,577 shares as co-manager of The Price Group LLC.  These shares exclude Series A and B Preferred Stock that are convertible into Common Stock, which have been previously reported.</footnote>
        <footnote id="F2">The purpose of this Form 4 is to reflect he acquisition of 330,000 shares of Common Stock by Sol Price as Trustee of the Sol and Helen Price Trust from PriceSmart, Inc. at a purchase price of $10.00 per share. All other holdings have been previously reported.</footnote>
        <footnote id="F3">The reporting person disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest in these securities.</footnote>
        <footnote id="F4">The Form 4 filed by the reporting person on October 24, 2003 erroneously reported the date of this transaction as October 22, 2003.  The transaction actually occurred on October 23, 2003, and this Amendment to Form 4 is being filed to correct this error.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Sol Price</signatureName>
        <signatureDate>2004-02-17</signatureDate>
    </ownerSignature>
</ownershipDocument>

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