FORM 4

__ Check this box if no longer
     subject to Section 16. Form 4
     or Form 5 obligations may
     continue. See Instruction 1(b).

(Print or Type Responses)

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Davis, H. Ted.	2. Issuer Name and Tickler or Trading Symbol BMC Industries, Inc. BMM								6. Relationship of Reporting Person(s) to Issuer (Check all applicable) _X_ Director ___ 10% Owner _ Officer (give title below) ___Other (specify below) __________________________________
1. Name and Address of Reporting Person* Davis, H. Ted	2. Issuer Name and Tickler or Trading Symbol BMC Industries, Inc. BMM		6. Relationship of Reporting Person(s) to Issuer (Check all applicable) _X_ Director ___ 10% Owner _ Officer (give title below) ___Other (specify below) __________________________________
(Last) (First) (Middle) 1822 Mount Curve	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)			4. Statement for Month/Year August 2002
(Last) (First) (Middle) 1822 Mt. Curve	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	4. Statement for Month/Day/Year October 10, 2002
(Street) Minneapolis, MN 55403		5. If Amendment, Date of Original (Month/Day/Year)	7. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person	~~5. If Amendment, Date of Original (Month/Year)~~					~~7. Individual or Joint/Group Filing(Check Applicable Line) _X_Form filed by One Reporting Person ___Form filed by More than One Reporting Person~~
(City) (State) (Zip)	Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (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 at End of Month (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	8/22/02	A*	V		917	A	$1.07	17,120.713	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

(City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Derivative Security (Instr.3)

2.Conver-sion or Exercise Price of Deriv- ative Security

3.Transaction Date (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 Exerciseable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8.Price of Derivative Security (Instr. 5)

9.Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4)

10.Ownership Form of Derivative Securities Beneficially Owned at End of Month (Instr. 4)

11.Nature of Indirect Beneficial Ownership (Instr. 4)

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~~

VCode

~~(A)~~V

~~(D)~~

~~Date Exercisable~~Amount

~~Expiration~~(A) ~~Date~~or (D)

~~Title~~Price

~~Amount or Number of Shares~~

Stock Option (Right to Buy)

26,000

Common Stock

10/10/02

1,785

$1.05

18,905.713

Explanation of Responses: *Acquired under the Company's Employee Stock Purchase Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

/s/H. Ted Davis **Signature of Reporting Person

8/23/02 Date

1.Title of Derivative Security (Instr.3)

2.Conver- sion or Exercise Price of Deriv- ative Security

3.Trans- action Date (Month/ Day/Year)

3A. Deemed Execution Date, if any (Month/ Day/Year)

4.Trans- action Code (Instr. 8)

5.Number of Deriv- ative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

6.Date Exer- ciseable and Expiration Date (Month/ Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8.Price of Derivative Security (Instr. 5)

9.Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4)

10.Ownership Form of Derivative Securities Beneficially Owned at End of Month (Instr. 4)

11.Nature of Indirect Beneficial Ownership (Instr. 4)

Reminder:

Report on a separate line for each class of securities beneficially owned directly or indirectly.

Code

(A)

(D)

Date Exer- cisable

Expira-tion Date

Title

Amount or Number of Shares

If the form is filed by more than one reporting person, see Instruction 4(b)(v).

Stock Option (Right to Buy)

26,000

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, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure

Explanation of Responses: * Acquired under the Company's Employee Stock Purchase Plan.
		/s/H. Ted. Davis **Signature of Reporting Person	10/11/02 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, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure

Filing Compare · DAVIS H TED