Sec Form 4 Filing - CARPENTIER TRACEY F @ BRADY CORP - 2004-05-25

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 CARPENTIER TRACEY F 2. Issuer Name and Ticker or Trading Symbol BRADY CORP [ BRC] 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) BRADY CORPORATION, 6555 W. GOOD HOPE 3. Date of Earliest Transaction (MM/DD/YY) 05/25/2004 (Street) MILWAUKEE, WI53223 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 Class A Common Stock 05/25/2004 X 1,800 A $ 25.1667 1,800 D Class A Common Stock 05/25/2004 S 1,800 D $ 41.2617 0 D Class A Common Stock 05/25/2004 X 800 A $ 22.8125 800 D Class A Common Stock 05/25/2004 S 800 D $ 41.2617 0 D Class A Common Stock 05/25/2004 X 650 A $ 31.375 650 D Class A Common Stock 05/25/2004 S 650 D $ 41.2617 0 D Class A Common Stock 05/25/2004 X 3,800 A $ 19.1875 3,800 D Class A Common Stock 05/25/2004 S 3,800 D $ 41.2617 0 D Class A Common Stock 05/25/2004 X 3,500 A $ 30.5625 3,500 D Class A Common Stock 05/25/2004 S 3,500 D $ 41.2617 0 D Class A Common Stock 05/25/2004 X 3,500 A $ 28.315 3,500 D Class a Common Stock 05/25/2004 S 3,500 D $ 41.2617 0 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 Option to Buy $ 25.1667 05/25/2004 X 1,800 11/06/1996 11/06/2005 Class A Common Stock 1,800 ( 1 ) 0 D Option to Buy $ 22.8125 05/25/2004 X 800 11/14/1997 11/14/2006 Class A Common Stock 800 ( 1 ) 0 D Option to Buy $ 31.375 05/25/2004 X 650 10/03/1998 10/03/2007 Class A Common Stock 650 ( 2 ) 0 D Option to Buy $ 19.1875 05/25/2004 X 3,800 10/09/1999 10/09/2008 Class A Common Stock 3,800 ( 2 ) 0 D Option to Buy $ 30.5625 05/25/2004 X 3,500 10/14/2000 10/14/2009 Class A Common Stock 3,500 ( 2 ) 0 D Option to Buy $ 28.315 05/25/2004 X 3,500 10/24/2001 10/24/2010 Class A Common Stock 3,500 ( 2 ) 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other CARPENTIER TRACEY F BRADY CORPORATION 6555 W. GOOD HOPE MILWAUKEE, WI53223 X Signatures /s/ Donald E. Rearic 05/26/2004 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Employee Stock Option granted pursuant to W.H. Brady Co. 1989 Nonqualified Stock Option Plan. ( 2 )Employee Stock Option granted pursuant to W.H. Brady Co 1997 Omnibus Incentive Stock Plan.

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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