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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 KgKpUtD3nAT03S3n/5eu3ClOSZGDytoMkzvnS+sFsZZ2BILLNHi/+RmBVOP1M1Gi
 twXI9OjSIEPvgKNU2Yi+BA==

<SEC-DOCUMENT>0001116502-04-001766.txt : 20040712
<SEC-HEADER>0001116502-04-001766.hdr.sgml : 20040712
<ACCEPTANCE-DATETIME>20040712102442
ACCESSION NUMBER:		0001116502-04-001766
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040707
FILED AS OF DATE:		20040712

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GRADY KEVIN P
		CENTRAL INDEX KEY:			0001158305

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25663
		FILM NUMBER:		04909292

	BUSINESS ADDRESS:	
		STREET 1:		3515 SE LIONEL TERRACE
		CITY:			STUART
		STATE:			FL
		ZIP:			34996

	MAIL ADDRESS:	
		STREET 1:		3515 SE LIONEL TERRACE
		CITY:			STUART
		STATE:			FL
		ZIP:			34996

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRASTRIP SYSTEMS INC
		CENTRAL INDEX KEY:			0001071760
		STANDARD INDUSTRIAL CLASSIFICATION:	CONSTRUCTION, MINING & MATERIALS HANDLING MACHINERY & EQUIP [3530]
		IRS NUMBER:				650841549
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3515 S E LIONEL TERRACE
		CITY:			STUART
		STATE:			FL
		ZIP:			34996
		BUSINESS PHONE:		5612874846

	MAIL ADDRESS:	
		STREET 1:		3515 S E LIONEL TERRACE
		CITY:			STUART
		STATE:			FL
		ZIP:			34996
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>grady-k_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-07-07</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001071760</issuerCik>
        <issuerName>ULTRASTRIP SYSTEMS INC</issuerName>
        <issuerTradingSymbol>NONE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001158305</rptOwnerCik>
            <rptOwnerName>GRADY KEVIN P</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>14640 MARVIN LAND</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>FT. LAUDERDALE</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33330</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</value>
            </securityTitle>
            <transactionDate>
                <value>2004-07-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7320041</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ Kevin P. Grady</signatureName>
        <signatureDate>2004-07-07</signatureDate>
    </ownerSignature>
</ownershipDocument>

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