SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MORGAN GARY J
(Last) (First) (Middle)
C/O MET-PRO CORPORATION
PO BOX 144
(Street)
HARLEYSVILLE PA 19438
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MET PRO CORP [ MPR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
VP Finance, Secretary, Treasur
3. Date of Earliest Transaction (Month/Day/Year)
09/22/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, Par Value $ .10 22,281 D
Common Stock, Par Value $ .10 09/22/2008 M 15,408 A $5.1047 37,689 D
Common Stock, Par Value $ .10 09/22/2008 F 8,452 D $15.65 29,237 D
Common Stock, Par Value $ .10 27,147 I Held in IRA/ESOT/401K
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Statutory Stock Purchase Option $5.1047 09/22/2008 M 15,408 02/26/2003 02/26/2011 Common Stock 15,408 $5.1047 0 D
Statutory Stock Purchase Option $5.5476 02/25/2004 02/25/2012 Common Stock 15,408 15,408 D
Statutory Stock Purchase Option $5.5181 (1) 02/24/2013 Common Stock 17,779 33,187 D
Statutory Stock Purchase Option $9.644 (2) 02/23/2014 Common Stock 15,876 49,063 D
Non-Statutory Stock Purchase Option $9.644 02/23/2004 02/23/2014 Common Stock 1,903 50,966 D
Statutory Stock Purchase Option $7.411 (3) 02/22/2015 Common Stock 17,779 68,745 D
Statutory Stock Purchase Option $9.0375 (4) 12/15/2015 Common Stock 8,548 77,293 D
Non-Statutory Stock Purchase Option $9.0375 (5) 12/15/2015 Common Stock 10,119 87,412 D
Non-Statutory Stock Purchase Option $10.8975 12/15/2007 12/15/2016 Common Stock 6,667 94,079 D
Statutory Stock Purchase Option $10.8975 (6) 12/15/2016 Common Stock 13,333 107,412 D
Non-Statutory Stock Purchase Option $11.75 (7) 12/10/2017 Common Stock 11,150 118,562 D
Statutory Stock Purchase Option $11.75 (8) 12/10/2017 Common Stock 8,350 126,912 D
Explanation of Responses:
1. Exercisable 02/24/2003 as to 5,926 shares, 02/24/2004 as to 5,926 and 02/24/2005 as to 5,927 shares.
2. Exercisable 02/23/2004 as to 4,023 shares, 01/28/2005 as to 4,623 shares, 01/28/2005 as to 3,615 shares and 01/28/2005 as to 3,615 shares.
3. Exercisable 02/22/2005 as to 5,926 shares, 02/22/2006 as to 5,926 shares and 02/22/2007 as to 5,927 shares.
4. Exercisable 12/15/2006 as to 2,347 shares and 12/15/2007 as to 6,201 shares.
5. Exercisable 12/15/2005 as to 6,223 shares, 12/15/2006 as to 3,876 shares and 12/15/2007 as to 20 shares.
6. Exercisable 12/15/2007 as to 0 shares, 12/15/2008 as to 6,666 shares and 12/15/2009 as to 6,667 shares.
7. Exercisable 12/10/2008 as to 2,325 shares, 12/10/2009 as to 2,325 shares and 12/10/2010 as to 6,500 shares.
8. Exercisable 12/10/2008 as to 4,175 shares and 12/10/2009 as to 4,175 shares.
Remarks:
Gary J. Morgan 09/23/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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