Sec Form 4/A Filing - TANNER LAWRENCE R @ POWELL INDUSTRIES INC - 2003-06-02

FORM 4/A 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 TANNER LAWRENCE R 2. Issuer Name and Ticker or Trading Symbol POWELL INDUSTRIES INC [ powl] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) , 3. Date of Earliest Transaction (MM/DD/YY) 06/02/2003 (Street) , 4. If Amendment, Date Original Filed (MM/DD/YY) 06/04/2003 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 06/02/2003 08/08/1998( 4 ) M 3,553( 5 ) A $ 0( 3 ) 3,553( 5 ) 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 Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Shadow Stock Units $ 0( 1 ) 07/01/1996 08/08/1998( 4 ) M 147.37 06/02/2003 08/08/1988( 2 ) Common Stock 147.37 $ 11.88 6,156.93 D Shadow Stock Units $ 0( 1 ) 08/17/1996 08/08/1998( 4 ) M 43.96 06/02/2003 08/08/1988( 2 ) Common Stock 43.96 $ 11.38 6,200.89 D Shadow Stock Units $ 0( 1 ) 09/13/1996 08/08/1998( 4 ) M 197.53 06/02/2003 08/08/1988( 2 ) Common Stock 197.53 $ 10.13 6,398.42 D Shadow Stock Units $ 0( 1 ) 10/01/1996 08/08/1998( 4 ) M 191.78 06/02/2003 08/08/1988( 2 ) Common Stock 191.78 $ 9.13 6,590.2 D Shadow Stock Units $ 0( 1 ) 12/03/1996 08/08/1998( 4 ) M 50 06/02/2003 08/08/1988( 2 ) Common Stock 50 $ 10 6,640.2 D Shadow Stock Units $ 0( 1 ) 01/01/1997 08/08/1998( 4 ) M 126.13 06/02/2003 08/08/1988( 2 ) Common Stock 126.13 $ 13.88 6,766.3 D Shadow Stock Units $ 0( 1 ) 01/12/1997 08/08/1998( 4 ) M 161.62 06/02/2003 08/08/1988( 2 ) Common Stock 161.62 $ 12.38 6,927.92 D Shadow Stock Units $ 0( 1 ) 02/22/1997 08/08/1998( 4 ) M 36.04 06/02/2003 08/08/1988( 2 ) Common Stock 36.04 $ 13.88 6,963.96 D Shadow Stock Units $ 0( 1 ) 03/14/1997 08/08/1998( 4 ) M 141.59 06/02/2003 08/08/1988( 2 ) Common Stock 141.59 $ 14.13 7,105.55 D Shadow Stock Units $ 0( 1 ) 04/01/1997 08/08/1998( 4 ) M 150.94 06/02/2003 08/08/1988( 2 ) Common Stock 150.94 $ 13.25 7,256.49 D Shadow Stock Units $ 0( 1 ) 05/24/1997 08/08/1998( 4 ) M 40.68 06/02/2003 08/08/1988( 2 ) Common Stock 40.68 $ 14.75 7,297.17 D Shadow Stock Units $ 0( 1 ) 06/20/1997 08/08/1998( 4 ) M 123.08 06/02/2003 08/08/1988( 2 ) Common Stock 123.08 $ 16.25 7,420.25 D Shadow Stock Units $ 0( 1 ) 07/01/1997 08/08/1998( 4 ) M 136.71 06/02/2003 08/08/1988( 2 ) Common Stock 136.71 $ 14.63 7,556.96 D Shadow Stock Units $ 0( 1 ) 08/23/1997 08/08/1998( 4 ) M 38.1 06/02/2003 08/08/1988( 2 ) Common Stock 38.1 $ 15.75 7,595.06 D Shadow Stock Units $ 0( 1 ) 09/19/1997 08/08/1998( 4 ) M 128 06/02/2003 08/08/1988( 2 ) Common Stock 128 $ 15.63 7,723.06 D Shadow Stock Units $ 0( 1 ) 10/01/1997 08/08/1998( 4 ) M 117.65 06/02/2003 08/08/1988( 2 ) Common Stock 117.65 $ 17 7,840.71 D Shadow Stock Units $ 0( 1 ) 12/02/1997 08/08/1998( 4 ) M 57.14 06/02/2003 08/08/1988( 2 ) Common Stock 57.14 $ 10.5 7,897.85 D Shadow Stock Units $ 0( 1 ) 01/01/1998 08/08/1998( 4 ) M 131.15 06/02/2003 08/08/1988( 2 ) Common Stock 131.15 $ 15.25 8,029 D Shadow Stock Units $ 0( 1 ) 01/09/1998 08/08/1998( 4 ) M 131.15 06/02/2003 08/08/1988( 2 ) Common Stock 131.15 $ 15.25 8,160.15 D Shadow Stock Units $ 0( 1 ) 02/27/1998 08/08/1998( 4 ) M 48.48 06/02/2003 08/08/1988( 2 ) Common Stock 48.48 $ 12.375 8,208.63 D Shadow Stock Units $ 0( 1 ) 03/13/1998 08/08/1998( 4 ) M 166.67 06/02/2003 08/08/1988( 2 ) Common Stock 166.67 $ 12 8,375.3 D Shadow Stock Units $ 0( 1 ) 04/01/1998 08/08/1998( 4 ) M 186.05 06/02/2003 08/08/1988( 2 ) Common Stock 186.05 $ 10.75 8,561.35 D Shadow Stock Units $ 0( 1 ) 05/21/1998 08/08/1998( 4 ) M 50.26 06/02/2003 08/08/1988( 2 ) Common Stock 50.26 $ 11.94 8,611.61 D Shadow Stock Units $ 0( 1 ) 06/19/1998 08/08/1998( 4 ) M 156.86 06/02/2003 08/08/1988( 2 ) Common Stock 156.86 $ 12.75 8,768.47 D Shadow Stock Units $ 0( 1 ) 07/01/1998 08/08/1998( 4 ) M 160 06/02/2003 08/08/1988( 2 ) Common Stock 160 $ 12.5 8,928.47 D Shadow Stock Units $ 0( 1 ) 08/27/1998 08/08/1998( 4 ) M 56.47 06/02/2003 08/08/1988( 2 ) Common Stock 56.47 $ 10.63 8,984.94 D Shadow Stock Units $ 0( 1 ) 09/25/1998 08/08/1998( 4 ) M 258.06 06/02/2003 08/08/1988( 2 ) Common Stock 258.06 $ 7.75 9,243 D Shadow Stock Units $ 0( 1 ) 10/01/1998 08/08/1998( 4 ) M 258.06 06/02/2003 08/08/1988( 2 ) Common Stock 258.06 $ 7.75 9,501.06 D Shadow Stock Units $ 0( 1 ) 11/24/1998 08/08/1998( 4 ) M 61.54 06/02/2003 08/08/1998( 2 ) Common Stock 61.54 $ 9.75 9,562.6 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other TANNER LAWRENCE R , X Signatures Lawrence R. Tanner 06/18/2003 Signature of Reporting Person Date

Explanation of Responses:

( 1 )No conversion price is payable. Shadow Stock Units which were previously awarded in lieu of deferred director's fees automatically convert to shares of stock at the expiration of the deferral period. ( 2 )No expiration date is associated with Shadow Stock Units, they are released upon retirment from the Board of Directors or expiration of the deferral term. ( 3 )Securities acquired at various prices when Shadow Stock Units were previously awarded in lieu of deferred director's fees. ( 4 )The "deemed execution date" is not applicable to this transaction because the execution date has not been determined pursuant to Exchange Act Rule16a-3(g)(2) or 16a-3(g)(3). ( 5 )In lieu of issuing fractional shares, the Company rounds up to the nearest whole share if the fraction is .5 or greater and down to the nearest whole share if the fraction is less than .5.

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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