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 OF SECURITIES 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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(Print or Type Responses)

1. Name and Address of Reporting Person * Lochiatto Kenneth   2. Issuer Name and Ticker or Trading Symbol WMS INDUSTRIES INC /DE/ [WMS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP and COO (Last) (First) (Middle) 800 S. NORTHPOINT BLVD 3. Date of Earliest Transaction (Month/Day/Year) 11/03/2010 (Street) WAUKEGAN, IL 60085 4. If Amendment, Date Original Filed(Month/Day/Year) 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 (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 V Amount (A) or (D) Price Common Stock 11/03/2010   M   22,500 A $ 18.26 47,473 (1) D   Common Stock 11/03/2010   M   10,790 A $ 16.95 58,263 (1) D   Common Stock 11/03/2010   S   40,633 D $ 43.15 (2) 17,630 (1) D

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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (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 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 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

Stock Option

$ 18.26

11/03/2010

M

22,500

(3)

06/30/2016

Common Stock

22,500

$ 0

40,000

D

Stock Option

$ 16.95

11/03/2010

M

10,790

(4)

08/14/2016

Common Stock

10,790

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Lochiatto Kenneth 800 S. NORTHPOINT BLVD WAUKEGAN, IL 60085			EVP and COO

Signatures

/s/ Kenneth Lochiatto		11/05/2010
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Includes 16,430 shares of restricted stock or restricted stock units and 360 shares acquired under the WMS stock purchase plan on September 30, 2010.
(2)	The details of these trades were as follows: 1,741 at $43.00, 1,259 at $43.01, 1,900 at $43.02, 1,700 at $43.03, 1,900 at $43.04, 800 at $43.05, 1,100 at $43.06, 400 at $ 43.07, 300 at $43.08, 200 at $43.09, 300 at $43.10, 1,000 at $43.13, 2,600 at $43.14, 300 at $43.15, 100 at $43.16, 500 at $43.17, 1,700 at $43.18, 13,100 at $43.19, 5,100 at $43.20, 400 at $43.21, 212 at $43.22, 100 at $43.24, 200 at $43.25, 100 at $43.26, 1,300 at $43.28, and 2,321 at $43.30.
(3)	The option vested in four equal annual installments beginning on 6/30/2007.
(4)	The option vested in three equal annual installments beginning on 8/14/2007.

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