Sec Form 4 Filing - UNANUE ERNESTO R @ DIEBOLD INC - 2003-11-26

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

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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person UNANUE ERNESTO R 2. Issuer Name and Ticker or Trading Symbol DIEBOLD INC [ DBD] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) VP&MD, Latin America (Last) (First) (Middle) 5995 MAYFAIR ROAD 3. Date of Earliest Transaction (MM/DD/YY) 11/26/2003 (Street) NORTH CANTON, OH44720 4. If Amendment, Date Original Filed (MM/DD/YY) 6. 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 1,905 I 401(k)( 1 ) Common Stock 11/26/2003 M 4,050 A $ 17.093 23,018 D Common Stock 11/26/2003 S 119 D $ 52.66 22,899 D Common Stock 11/26/2003 S 2,200 D $ 52.58 20,699 D

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indi rect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Non-Qualified Stock Option $ 17.093 11/26/2003 M 4,050 02/01/1995 01/31/2004 Common Stock 4,050 $ 17.093 0 D Non-Qualified Stock Option $ 15.085 01/31/1996 01/30/2005 Common Stock 2,700 2,700 D Non-Qualified Stock Option $ 24.193 01/26/1997 01/25/2006 Common Stock 2,700 2,700 D Non-Qualified Stock Option $ 38.08 01/30/1998 01/29/2007 Common Stock 2,250 2,250 D Non-Qualified Stock Option $ 47.532 01/29/1999 /01-28/2008 Common Stock 1,500 1,500 D Non-Qualified Stock Option $ 34.813 01/28/2000 01/27/2009 Common Stock 4,000 4,000 D Non-Qualified Stock Option $ 22.88 01/27/2001 01/26/2010 Common Stock 4,000 4,000 D Non-Qualified Stock Option $ 28.69 02/07/2002 02/06/2011 Common Stock 10,000 10,000 D Non-Qualified Stock Option $ 36.59 02/06/2003 02/05/2012 Common Stock 10,000 10,000 D Non-Qualified Stock Option $ 36.31 02/05/2004 02/04/2013 Common Stock 10,000 10,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other UNANUE ERNESTO R 5995 MAYFAIR ROAD NORTH CANTON, OH44720 VP&MD, Latin America Signatures Charee Francis-Vogelsang, Att'y.-in-fact for Ernesto R. Unanue 12/01/2003 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Number of 401(k) shares owned as of most recent statement; fractional shares omitted.

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 Vi olations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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