-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RslZUNLKSq2CHSkef+icZztzx+cGCLYsOoHlVae9Hzh20lwwhKz/y9EPF/2FdT07
 P83cTKVLZGT3OMb/0Pzebw==

<SEC-DOCUMENT>0000950103-03-001812.txt : 20030904
<SEC-HEADER>0000950103-03-001812.hdr.sgml : 20030904
<ACCEPTANCE-DATETIME>20030904174701
ACCESSION NUMBER:		0000950103-03-001812
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030903
FILED AS OF DATE:		20030904

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WAN TRACY Y
		CENTRAL INDEX KEY:			0001244238

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15827
		FILM NUMBER:		03882220

	BUSINESS ADDRESS:	
		STREET 1:		C/O SHARPER IMAGE CORP
		STREET 2:		650 DAVIS STREET
		CITY:			SAN FRANCISO
		STATE:			CA
		ZIP:			94111
		BUSINESS PHONE:		4154456019

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SHARPER IMAGE CORP
		CENTRAL INDEX KEY:			0000811696
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940]
		IRS NUMBER:				942493558
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	BUSINESS ADDRESS:	
		STREET 1:		650 DAVIS ST
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
		BUSINESS PHONE:		4154456000

	MAIL ADDRESS:	
		STREET 1:		650 DAVIS STREET
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>sep0403_4-wanex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-09-03</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000811696</issuerCik>
        <issuerName>SHARPER IMAGE CORP</issuerName>
        <issuerTradingSymbol>SHPR</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001244238</rptOwnerCik>
            <rptOwnerName>WAN TRACY Y</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SHARPER IMAGE CORP</rptOwnerStreet1>
            <rptOwnerStreet2>650 DAVIS STREET</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>Pres. and Chief Oper. Officer</officerTitle>
      </reportingOwnerRelationship>
   </reportingOwner>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>Stock Option</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>28.9949</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-09-03</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>M</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>15285</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-01-31</value>
      </exerciseDate>
      <expirationDate>
         <value>2008-11-02</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>15285</value>
            <footnoteId id="F1"/>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>308000</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> This reports the cashless exercise of 15,285 stock options</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>/s/ Jeffrey Forgan for Tracy Wan</signatureName>
      <signatureDate>2003-09-04</signatureDate>
   </ownerSignature>
</ownershipDocument>

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