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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,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(h) of the Investment Company Act of 1940 		OMB APPROVAL
o Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). OMB Number:     3235-0287
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1. Name and Address of Reporting Person*


Spezio, Carl P.
 		 2. Issuer Name and Ticker or Trading Symbol


Gibraltar Steel Corporation - Rock

 		 6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)


      o Director              o 10% Owner
      x Officer                o Other (specify below)
          (give title below)


                    Executive Vice President - Operations
    (Last)                    (First)                   (Middle)

3556 Lake Shore Road

 		 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)     

 

###-##-####

 4. Statement for Month/Day/Year


April 17, 2003
 
                                (Street)


Buffalo, New York     14219

 		 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
     o 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. Trans-
action Date 
(Month/
Day/
Year)		  2A. Deemed
Execution Date,
if any (Month/
Day/Year) 		3. Trans-
action 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. Owner-
ship 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                 18,402 D  
Common stock (1)   B   8.06 A (1) 3,682.43 I (2)
                     
                     
                     
                     
                     
                     
                     

 

FORM 4 (continued)

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. Conver-
sion or Exercise Price of Derivative 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 Derivative Securites 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 Underlying Securities
(Instr. 3 and 4) 		 8. Price of Derivative Security (Instr. 5)  9. Number of Derivative Securities Beneficially Owned Following Reported Trans-
action(s) (Instr. 4) 		 10. Owner-
ship Form of Derivative Securities: Direct(D)
or Indirect(I)
(Instr. 4) 		 11. Nature of Indirect Beneficial Ownership (Instr. 4)  
 Code V (A) (D) Date Excer-
cisable		 Expira-
tion Date		 Title Amount or Number of Shares
Option (right to buy)(3) $11.00     J       11/06/96 11/05/05 Common stock     5,375 D  
Option (right to buy)(3) $16.75     J       07/08/97 07/07/06 Common stock     15,000 D  
Option (right to buy)(3) $21.75     J       07/08/98 07/07/07 Common stock     12,500 D  
Option (right to buy)(3) $22.50     J       03/27/99 03/27/08 Common stock     2,500 D  
Option (right to buy)(3) $15.625     J       10/08/99 10/08/08 Common stock     12,500 D  
Option (right to buy)(3) $14.07     J       07/18/01 07/18/10 Common stock     10,000 D  
                               

Explanation of Responses:
(1)Represents the net effect of shares purchased and sold from January 1, 2003 through March 31, 2003 pursuant to the Gibraltar Steel Corporation 401(k) Savings Plan at an average price of $18.27 per share. The information reported herein is based on a Plan Statement dated April 10, 2003.

(2)Gibraltar Steel Corporation 401(k) Savings Plan.

(3)Grants to reporting person of option to purchase shares of common stock under the Gibraltar Steel Corporation Incentive Stock Option Plan.  The options are exercisable at the rate of 25% per year.
 

/s/Carl P. Spezio   April 17, 2003
 

** 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.