-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LdhchP7NxBE1JpWwvhqGSWXuU+XVmkbDE09Q47mRuaBZlPQPnyFvnbChmg79/c0R
 JlAWOm6WKfb+ZCGQb7LYMg==

<SEC-DOCUMENT>0001140361-03-001543.txt : 20030514
<SEC-HEADER>0001140361-03-001543.hdr.sgml : 20030514
<ACCEPTANCE-DATETIME>20030514154415
ACCESSION NUMBER:		0001140361-03-001543
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030513
FILED AS OF DATE:		20030514

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACETO CORP
		CENTRAL INDEX KEY:			0000002034
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-CHEMICALS & ALLIED PRODUCTS [5160]
		IRS NUMBER:				111720520
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		ONE HOLLOW LANE
		CITY:			LAKE SUCCESS
		STATE:			NY
		ZIP:			11042
		BUSINESS PHONE:		5166276000

	MAIL ADDRESS:	
		STREET 1:		ONE HOLLOW LANE
		CITY:			LAKE SUCCESS
		STATE:			NY
		ZIP:			11042

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACETO CHEMICAL CO INC
		DATE OF NAME CHANGE:	19851203

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCHWARTZ LEONARD S
		CENTRAL INDEX KEY:			0001200459

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-04217
		FILM NUMBER:		03698963

	BUSINESS ADDRESS:	
		STREET 1:		ONE HOLLOW LN.
		STREET 2:		SUITE 201
		CITY:			LAKE SUCCESS
		STATE:			NY
		ZIP:			10042
		BUSINESS PHONE:		5166276000

	MAIL ADDRESS:	
		STREET 1:		ONE HOLLOW LN.
		STREET 2:		SUITE 201
		CITY:			LAKE SUCCESS
		STATE:			NY
		ZIP:			10042
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

<documentType>4</documentType>
<periodOfReport>2003-05-13</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
<issuer><issuerCik>0000002034</issuerCik>
        <issuerName>ACETO CORP</issuerName>
<issuerTradingSymbol>ACET</issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001200459</rptOwnerCik>
            <rptOwnerName>SCHWARTZ LEONARD S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>1</isDirector>
<isOfficer>1</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle>Chairman, CEO</officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeSecurity>
<securityTitle>
<value>Common Stock</value>
</securityTitle>
<transactionDate>
<value>2003-05-13</value>
</transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>M</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionTimeliness>
<value></value>
</transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>11250</value>
</transactionShares>
<transactionValue>
<value>0</value>
</transactionValue>
<transactionAcquiredDisposedCode>
<value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>97478</value>
<footnoteId id="F1"/>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
<natureOfOwnership>
<value></value>
</natureOfOwnership>
</ownershipNature>
</nonDerivativeSecurity>
<derivativeSecurity>
<securityTitle>
<value>Stock Option (right to buy)</value>
</securityTitle>
<conversionOrExercisePrice>
<value>5.19</value>
</conversionOrExercisePrice>
<transactionDate>
<value>2003-05-13</value>
</transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>M</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionTimeliness>
<value></value>
</transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>11250</value>
</transactionShares>
<transactionValue>
<value>5.19</value>
</transactionValue>
<transactionAcquiredDisposedCode>
<value>D</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate>
<value>1999-01-02</value>
</exerciseDate>
<expirationDate>
<value>2003-12-31</value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>11250</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>474000</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
<natureOfOwnership>
<value></value>
</natureOfOwnership>
</ownershipNature>
</derivativeSecurity>
<footnotes>
<footnote id="F1">Mr. Schwartz also indirectly owns 3,453 shares held in the name of his spouse.</footnote>
</footnotes>
<ownerSignature>
<signatureName>Leonard S. Schwartz</signatureName>
<signatureDate>2003-05-13</signatureDate>
</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----