-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RBLC+2VClFH6XM71BLuEMx9wvw+zIMx6AA7fW44NMXzz9adtpmWXrDbudBi728LM
 P7HZKMyhC6pvQE6iMHCfmA==

<SEC-DOCUMENT>0000914062-03-000093.txt : 20030130
<SEC-HEADER>0000914062-03-000093.hdr.sgml : 20030130
<ACCEPTANCE-DATETIME>20030130170923
ACCESSION NUMBER:		0000914062-03-000093
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030128
FILED AS OF DATE:		20030130

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROLLINS RANDALL R
		CENTRAL INDEX KEY:			0000940098
		RELATIONSHIP:				DIRECTOR

	FILING VALUES:
		FORM TYPE:		4

	BUSINESS ADDRESS:	
		STREET 1:		55 PARK PLACE
		STREET 2:		STE 400
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30303-2598

	MAIL ADDRESS:	
		STREET 1:		55 PARK PLACE
		STREET 2:		STE 400
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30303-2598

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MARINE PRODUCTS CORP
		CENTRAL INDEX KEY:			0001129155
		STANDARD INDUSTRIAL CLASSIFICATION:	SHIP & BOAT BUILDING & REPAIRING [3730]
		IRS NUMBER:				582572419
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16263
		FILM NUMBER:		03532575

	BUSINESS ADDRESS:	
		STREET 1:		2170 PIEDMONT ROAD NE
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30324
		BUSINESS PHONE:		4043212140

	MAIL ADDRESS:	
		STREET 1:		2170 PIEDMONT ROAD NE
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30324
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.txt
<DESCRIPTION>FORM 4 - 01/28/2003
<TEXT>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
   ROLLINS, R. RANDALL
   c/o Marine Products Corporation
   2170 Piedmont Road, N.E.
   Atlanta, GA  30324
   USA
2. Issuer Name and Ticker or Trading Symbol
   MARINE PRODUCTS CORPORATION
   MPX
3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Statement for Month/Year
   01/28/2003
5. If Amendment, Date of Original (Month/Year)

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   (X) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
   (specify below)
   Director and 10% Owner
7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
<S>                        <C>    <C>  <C><C>               <C> <C>         <C>                 <C>    <C>
Common Stock $.10 Par Value|      |    | |                  |   |           |302,411            |D     |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock $.10 Par Value|      |    | |                  |   |           |47,520             |I     |Cust./Guaridan Trustee of T|
                           |      |    | |                  |   |           |                   |      |rust                       |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock $.10 Par Value|      |    | |                  |   |           |13,999             |I     |By Spouse                  |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock $.10 Par Value|      |    | |                  |   |           |48,576             |I     |Co-Trustee of Trust        |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock $.10 Par Value|      |    | |                  |   |           |10,068,569         |I     |RFPS Investments III, L.P. |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
___________________________________________________________________________________________________________________________________|
<S>                   <C>      <C>   <C>  <C><C>        <C> <C>   <C>   <C>          <C>     <C>     <C>          <C> <C>
Incentive Stock Option|$11.24  |1-28-|A   | |44,480     |A  |2004 |1-28-|Common Stock|44,480 |N/A    |44,480      |D  |            |
s (1)                 |        |03   |    | |           |   |to 20|08   |            |       |       |            |   |            |
                      |        |     |    | |           |   |08   |     |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Non-qualified Stock Op|$10.22  |1-28-|A   | |55,520     |A  |2004 |1-28-|Common Stock|55,520 |N/A    |55,520      |D  |            |
tions (1)             |        |03   |    | |           |   |to 20|08   |            |       |       |            |   |            |
                      |        |     |    | |           |   |08   |     |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) Employee stock options granted pursuant to 2001 Marine Products Corporation
Employee Stock Incentive Plan.
SIGNATURE OF REPORTING PERSON
/s/ R. Randall Rollins
DATE
January 30, 2003

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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