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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CgwtKncrA66fCcexnjSZiBIFPbFKvg0MTx+YdEyX+9slzX4CH7QVHNRay+kcZL8x
 a6BZV1gfgQdsvUZQNrgBBg==

<SEC-DOCUMENT>0001181431-04-003122.txt : 20040120
<SEC-HEADER>0001181431-04-003122.hdr.sgml : 20040119
<ACCEPTANCE-DATETIME>20040120094113
ACCESSION NUMBER:		0001181431-04-003122
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040115
FILED AS OF DATE:		20040120

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WALLACE DANIEL V
		CENTRAL INDEX KEY:			0001185193

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-10761
		FILM NUMBER:		04531188

	MAIL ADDRESS:	
		STREET 1:		LTX CORPORATION
		STREET 2:		UNIVERSITY AVENUE
		CITY:			WESTWOOD
		STATE:			MA
		ZIP:			02090

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LTX CORP
		CENTRAL INDEX KEY:			0000357020
		STANDARD INDUSTRIAL CLASSIFICATION:	INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
		IRS NUMBER:				042594045
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0731

	BUSINESS ADDRESS:	
		STREET 1:		LTX PARK AT UNIVERSITY AVE
		CITY:			WESTWOOD
		STATE:			MA
		ZIP:			02090
		BUSINESS PHONE:		7814611000

	MAIL ADDRESS:	
		STREET 1:		LTX PARK AT UNIVERSITY AVENUE
		CITY:			WESTWOOD
		STATE:			MA
		ZIP:			02090
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd29435.xml
<DESCRIPTION>FORM 4 DATED 01/15/2004
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2004-01-15</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000357020</issuerCik>
        <issuerName>LTX CORP</issuerName>
        <issuerTradingSymbol>LTXX</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001185193</rptOwnerCik>
            <rptOwnerName>WALLACE DANIEL V</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>LTX CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>UNIVERSITY AVENUE</rptOwnerStreet2>
            <rptOwnerCity>WESTWOOD</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02090</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Vice President</officerTitle></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2004-01-15</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>3749</value></transactionShares><transactionPricePerShare><value>6.13</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDe
rivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2004-01-15</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>1000</value></transactionShares><transactionPricePerShare><value>17.19</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2004-01-15</value></transactionDate><transactionCoding><transactionFor
mType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>1749</value></transactionShares><transactionPricePerShare><value>17.20</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2004-01-15</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>1000</value></transaction
Shares><transactionPricePerShare><value>17.22</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><derivativeTable><derivativeTransaction><securityTitle><value>Incentive Stock Option (right to buy)</value></securityTitle><conversionOrExercisePrice><value>6.13</value></conversionOrExercisePrice><transactionDate><value>2004-01-15</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>3749</value></transactionShares><transactionPricePerShare><value>0</value><footnoteId id=
"F1"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-09-19</value></exerciseDate><expirationDate><value>2012-09-19</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>3749</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>11251</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">Stock option grant was granted, not sold, and therefore no price is associated with the derivative security.</footnote></footnotes><ownerSignature><signatureName>/s/ Daniel V. Wallace</signatureName><signatureDate>2004-01-19</signatureDate></ownerSignature></ownershipDo
cument>



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