X0201 4 2003-04-28 0 0000725897 CIRCUIT RESEARCH LABS INC CRLI 0001160095 MCMARTIN ROBERT 1330 W. AUTO DRIVE TEMPE AZ 85284 0 1 0 0 VP, Treasurer and CFO Common Stock, $.10 par value 2003-04-28 4 A 0 13500 A 16507.93 D These shares were issued as consideration of the reporting person making two loans to the issuer during 2002. Includes 3,007.93 shares acquired under the Issuer's Employee Monthly Stock Investment Plan. /s/ Robert W. McMartin 2003-08-18