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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001181431-03-002898.txt : 20030219
<SEC-HEADER>0001181431-03-002898.hdr.sgml : 20030219
<ACCEPTANCE-DATETIME>20030219124226
ACCESSION NUMBER:		0001181431-03-002898
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030218
FILED AS OF DATE:		20030219

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BELANGER TIMOTHY E
		CENTRAL INDEX KEY:			0001194046
		RELATIONSHIP:				OFFICER

	FILING VALUES:
		FORM TYPE:		4

	BUSINESS ADDRESS:	
		STREET 1:		1185 LINDA VISTA DRIVE
		CITY:			SAN MARCOS
		STATE:			CA
		ZIP:			92069

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATURAL ALTERNATIVES INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000787253
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				841007839
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15701
		FILM NUMBER:		03572184

	BUSINESS ADDRESS:	
		STREET 1:		1185 LINDA VISTA DR
		CITY:			SAN MARCOS
		STATE:			CA
		ZIP:			92069
		BUSINESS PHONE:		6197447340

	MAIL ADDRESS:	
		STREET 1:		1185 LINDA VISTA DRIVE
		CITY:			SAN MARCOS
		STATE:			CA
		ZIP:			92069

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN ACQUISITIONS INC
		DATE OF NAME CHANGE:	19860929
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd5203.htm
<DESCRIPTION>FORM 4
<TEXT>

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SEC Form 4
<TABLE width=100% border=1 cellspacing=0 cellpadding=4>
<TR>
<TD width=254 valign=top>
    <div align=center><font size=4 face=arial,helvetica><b>FORM 4</b></font></div>
    <br><div><font size=1 face=arial,helvetica><b>[&nbsp;&nbsp;] Check this box if no longer<br>subject to Section 16.  Form 4 or Form<br>5 obligations may continue.<br>See Instruction 1(b).</b></font></div>
</TD>
<TD width=764 valign=middle align=center>
    <font face=arial,helvetica><b>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</b></font><br>
    <font size=1 face=arial,helvetica><b>Washington, D.C.&nbsp;&nbsp;20549</b></font><br><br>
    <font size=2 face=arial,helvetica><b>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP</b></font><br><br>
    <font size=1 face=arial,helvetica>Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility</font><br>
    <font size=1 face=arial,helvetica>Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940</font><br>
</TD>
<TD width=254 valign=top>
    <div align=center><font size=1 face=arial,helvetica>OMB APPROVAL</font></div>
    <br><div align=center><hr width=98%></div><br>
    <div><font size=1 face=arial,helvetica>OMB Number: 3235-0287</font></div>
    <div><font size=1 face=arial,helvetica>Expires: January 31, 2005<br>Estimated average burden<br>hours per response. . . . . 0.5</font></div>
</TD>
</TR>

</TABLE>

<TABLE width=100% border=1 cellspacing=0 cellpadding=4>

<TR>
<TD width=446 valign=top>
    <div><font size=1 face=arial,helvetica>1. Name and Address of Reporting Person<sup>*</sup></font></div>
    <div><font size=1 face=arial,helvetica><b>Belanger, Timothy E.</b></font></div>
    <div align=center><hr width=98%></div>
    <div align=center><font size=1 face=arial,helvetica>(Last) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(First) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(Middle)</font></div>
    <div><font size=1 face=arial,helvetica><b>1185 Linda Vista Drive</b></font></div>
    <div><font size=1 face=arial,helvetica><b>Suite 200</b></font></div>
    <div align=center><hr width=98%></div>
    <div align=center><font size=1 face=arial,helvetica>(Street)</font></div>
    <div><font size=1 face=arial,helvetica><b>San Marcos,&nbsp; &nbsp; CA&nbsp; &nbsp;92069</b></font></div>
    <div align=center><hr width=98%></div>
    <div align=center><font size=1 face=arial,helvetica>(City) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(State) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(Zip)</font></div>
    <br>
</TD>
<TD width=254 valign=top>
    <div><font size=1 face=arial,helvetica>2. Issuer Name<BR> and Ticker or Trading Symbol</font></div><br>
    <div><font size=1 face=arial,helvetica><b>Natural Alternatives International<BR>NAII</b></font></div>
    <div align=center><hr width=98%></div>
    <div><font size=1 face=arial,helvetica>3. I.R.S. Identification<br>&nbsp;&nbsp;&nbsp;&nbsp;Number of Reporting<br>&nbsp;&nbsp;&nbsp;&nbsp;Person, if an entity<br>&nbsp;&nbsp;&nbsp;&nbsp;(voluntary)</font></div>
    <div><font size=1 face=arial,helvetica><b></b></font></div>
</TD>
<TD width=190 valign=top>
    <div><font size=1 face=arial,helvetica>4. Statement for<br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/Day/Year</font></div><br>
    <div><font size=1 face=arial,helvetica><b>02/18/2003</b></font></div>
    <br><div align=center><hr width=98%></div>
    <div><font size=1 face=arial,helvetica>5. If Amendment,<BR>&nbsp;&nbsp;&nbsp;&nbsp;Date of Original<br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/Day/Year)</font></div><br>
    <div><font size=1 face=arial,helvetica><b></b></font></div>
</TD>
<TD width=382 valign=top>
    <div><font size=1 face=arial,helvetica>6. Relationship of Reporting Person(s) to Issuer</font></div>
    <div align=center><font size=1 face=arial,helvetica>(Check all applicable)</font></div><br>
    <div><font size=1 face=arial,helvetica><u>&nbsp;&nbsp;</u> Director &nbsp;
    <u>&nbsp;&nbsp;</u> 10% Owner</font></div>
    <div><font size=1 face=arial,helvetica><u>X</u> Officer (give title below) &nbsp; &nbsp;
    <u>&nbsp;&nbsp;</u> Other (specify below)</font></div>
    <br>
    <div><font size=1 face=arial,helvetica>Description &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
    <b><u>Sr. VP Sales & Marketing</u></b></font></div>
    <div align=center><hr width=98%></div>
    <div><font size=1 face=arial,helvetica>7. Individual or Joint/Group<br> &nbsp; &nbsp; Filing (Check Applicable Line)</font></div>
    <br><div><font size=1 face=arial,helvetica><u>X</u> &nbsp; Form filed by One Reporting Person</font></div>
    <div><font size=1 face=arial,helvetica><u>&nbsp;&nbsp;</u> &nbsp; Form filed by More than One Reporting Person</font></div>
</TD>
</TR>
</TABLE>
<BR>
<TABLE width=100% border=1 cellspacing=0 cellpadding=4>
<TR>
<TD width=100% valign=top colspan=16>
    <div align=center><font size=1 face=arial,helvetica><b>Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned</b></font></div>
</TD>
</TR>

<TR>
<TD width=280 valign=top rowspan=2>
    <div><font size=1 face=arial,helvetica>1. Title of Security<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3)</font></div><br>
</TD>

<TD width=64 valign=top rowspan=2>
    <div><font size=1 face=arial,helvetica>2.Transaction<BR>Date<br>(Month/Day/Year)</font></div>
</TD>
<TD width=64 valign=top rowspan=2>
    <div><font size=1 face=arial,helvetica>2A. Deemed Execution Date, if any<br>(Month/Day/Year)</font></div>
</TD>
<TD width=100 valign=top colspan=2>
    <font size=1 face=arial,helvetica>3. Transaction<br>&nbsp;&nbsp;&nbsp;&nbsp;Code<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 8)</font>

</TD>
<TD width=320 valign=top colspan=3>
    <font size=1 face=arial,helvetica>4. Securities Acquired (A) or Disposed Of (D)<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3, 4, and 5)</font>

</TD>
<TD width=140 valign=top rowspan=2>
    <div><font size=1 face=arial,helvetica>5. Amount of<br>&nbsp;&nbsp;&nbsp;&nbsp;Securities<br>&nbsp;&nbsp;&nbsp;&nbsp;Beneficially<br>&nbsp;&nbsp;&nbsp;&nbsp;Owned Following<br>&nbsp;&nbsp;&nbsp;&nbsp;Reported Transaction(s)<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3 and 4)</font></div>
</TD>
<TD width=114 valign=top rowspan=2>
    <div><font size=1 face=arial,helvetica>6. Owner-<br>&nbsp;&nbsp;&nbsp;&nbsp;ship<br>&nbsp;&nbsp;&nbsp;&nbsp;Form:<br>&nbsp;&nbsp;&nbsp;&nbsp;Direct (D)<br>&nbsp;&nbsp;&nbsp;&nbsp;or<br>&nbsp;&nbsp;&nbsp;&nbsp;Indirect (I)<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 4)</font></div>
</TD>
<TD width=190 valign=top rowspan=2>
    <div><font size=1 face=arial,helvetica>7. Nature of<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beneficial<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ownership<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 4)</font></div>
</TD>
</TR>
<TR>
<TD>
 <div align=center><font size=1 face=arial,helvetica>Code</font></div>
 </TD>
 <TD>
  <div align=center><font size=1 face=arial,helvetica>V</font></div>
  </TD>
  <TD>
  <div align=center><font size=1 face=arial,helvetica>Amount</font></div>
  </TD>
  <TD>
  <div align=center><font size=1 face=arial,helvetica>A/D</font></div>
  </TD>
  <TD>
  <div align=center><font size=1 face=arial,helvetica>Price</font></div>
  </TD>
  </TR>


	<TR>
		<TD width=280 align=left>
		    <div><font size=1 face=arial,helvetica><b>Common Stock</b></font></div>
		</TD>
		<TD width=64 align=center>
		    <div><font size=1 face=arial,helvetica><b>02/18/2003</b></font></div>
		</TD>
		<TD width=64 align=center>
		    <div><font size=1 face=arial,helvetica><b></b></font></div>
		</TD>
		<TD width=100>
			<div align=center><font size=1 face=arial,helvetica><b>P</b></font></div>
		</TD>
		<TD width=100>
			<div align=center><font size=1 face=arial,helvetica><b></b></font></div>
		</TD>

		<TD width=320>
			<div align=center><font size=1 face=arial,helvetica><b>1,000</b></font></div>
		</TD>
			<TD width=320>
			<div align=center><font size=1 face=arial,helvetica><b>A</b></font></div>
		</TD>
			<TD width=320>
			<div align=center><font size=1 face=arial,helvetica><b>$3.30</b></font></div>
		</TD>
		<TD width=140 align=center>
			<div align=center><font size=1 face=arial,helvetica><b>4,000</b></font></div>
		</TD>
		<TD width=114 align=center>
			<div align=center><font size=1 face=arial,helvetica><b>D </b></font></div>
		</TD>
		<TD width=190 align=left>
			<div><font size=1 face=arial,helvetica><b></b></font></div>
	</TD>
	</TR>


</TABLE>
<p Style='page-break-before:always'>
<TABLE width=100% border=1 cellspacing=0 cellpadding=4>
<TR>
<TD width=100% valign=top colspan=16>
    <div align=center><font size=1 face=arial,helvetica><b>Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned</b></font></div>
    <div align=center><font size=1 face=arial,helvetica><b>(e.g., puts, calls, warrants, options, convertible securities)</b></font></div>
</TD>
</TR>

<TR>
<TD width=102 valign=top rowspan=2>
    <div><font size=1 face=arial,helvetica>1. Title of Derivative Security<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3)</font></div>
</TD>
<TD width=76 valign=top rowspan=2>
    <div><font size=1 face=arial,helvetica>2. Conver-<br>&nbsp;&nbsp;&nbsp;&nbsp;sion or<br>&nbsp;&nbsp;&nbsp;&nbsp;Exercise<br>&nbsp;&nbsp;&nbsp;&nbsp;Price of<br>&nbsp;&nbsp;&nbsp;&nbsp;Deri-<br>&nbsp;&nbsp;&nbsp;&nbsp;vative<br>&nbsp;&nbsp;&nbsp;&nbsp;Security</font></div>
</TD>
<TD width=76 valign=top rowspan=2>
    <div><font size=1 face=arial,helvetica>3. Transaction Date<br><br>(Month/<BR>Day/<BR>Year)</font></div>
</TD>
<TD width=76 valign=top rowspan=2>
    <div><font size=1 face=arial,helvetica>3A. Deemed Execution Date, if any
<br><br>(Month/<BR>Day/<BR>Year)</font></div>
</TD>
<TD width=78 valign=top colspan=2>
    <font size=1 face=arial,helvetica>4. Transaction Code</font><br>
    <font size=1 face=arial,helvetica>&nbsp;&nbsp;&nbsp;&nbsp;(Instr.8)</font>


</TD>
<TD width=160 valign=top colspan=2>
    <font size=1 face=arial,helvetica>5. Number of Derivative<br>&nbsp;&nbsp;&nbsp;&nbsp;Securities Acquired (A)<br>&nbsp;&nbsp;&nbsp;&nbsp;or Disposed Of (D)<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3, 4 and 5)



</TD>
<TD width=162 valign=top colspan=2>
    <div><font size=1 face=arial,helvetica>6. Date Exercisable(DE) and<br>&nbsp;&nbsp;&nbsp;&nbsp;Expiration Date(ED)<br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/Day/Year)</font></div>


</TD>
<TD width=186 valign=top colspan=2>
    <div><font size=1 face=arial,helvetica>7. Title and Amount of<br>&nbsp;&nbsp;&nbsp;&nbsp;Underlying Securities<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3 and 4)</font></div>


</TD>
<TD width=76 valign=top rowspan=2>
    <div><font size=1 face=arial,helvetica>8. Price<br>&nbsp;&nbsp;&nbsp;&nbsp;of<br>&nbsp;&nbsp;&nbsp;&nbsp;Derivative<br>&nbsp;&nbsp;&nbsp;&nbsp;Security<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr.5)</font></div>
</TD>
<TD width=102 valign=top rowspan=2>
    <font size=1 face=arial,helvetica>9. Number of<br>&nbsp;&nbsp;&nbsp;&nbsp;Derivative<br>&nbsp;&nbsp;&nbsp;&nbsp;Securities<br>&nbsp;&nbsp;&nbsp;&nbsp;Beneficially<br>&nbsp;&nbsp;&nbsp;&nbsp;Owned<br>&nbsp;&nbsp;&nbsp;&nbsp;Following<br>&nbsp;&nbsp;&nbsp;&nbsp;Reported<br>&nbsp;&nbsp;&nbsp;&nbsp;Transaction(s)<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr.4)</font>
</TD>
<TD width=50 valign=top rowspan=2>
    <font size=1 face=arial,helvetica>10. Owner-<br>ship<br>Form of<br>Deriv-<br>ative<br>Securities:<BR>Direct (D)<br>or<BR>Indirect (I)<br><BR>(Instr.4)</font>
</TD>
<TD width=128 valign=top rowspan=2>
    <font size=1 face=arial,helvetica>11. Nature of<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beneficial<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ownership<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Instr.4)</font>
</TD>
</TR>
<TR>
<TD valign=bottom>
<div align=center><font size=1 face=arial,helvetica>Code</font></div>
</TD>
<TD valign=bottom>
<div align=center><font size=1 face=arial,helvetica>V</font></div>
<TD valign=bottom>
<div align=center><font size=1 face=arial,helvetica>A</font></div>
</TD>
<TD valign=bottom>
<div align=center><font size=1 face=arial,helvetica>D</font>
<TD valign=bottom>
<div align=center><font size=1 face=arial,helvetica>DE</font></div>
</TD>
<TD valign=bottom>
<div align=center><font size=1 face=arial,helvetica>ED</font></div>
</TD>
<TD valign=bottom>
<div align=center><font size=1 face=arial,helvetica>Title</font></div>
</TD>
<TD valign=bottom>
<div align=center><font size=1 face=arial,helvetica>Amount or Number of Shares</font></div>
</TD>

</TR>







<TR>
<TD width=102 align=left>
<font size=1 face=arial,helvetica><b>Common Stock Options</b></font>
</TD>
<TD width=76 align=left>
<font size=1 face=arial,helvetica><b>$2.07</b></font>
</TD>
<TD width=76 align=center>
<font size=1 face=arial,helvetica><b></b></font>
</TD>
<TD width=76 align=center>
<font size=1 face=arial,helvetica><b></b></font>
</TD>
<TD width=100 align=center>
<div><font size=1 face=arial,helvetica><b></b></font></div>
</TD>
<TD width=100 align=center>
<div><font size=1 face=arial,helvetica><b><b></b></font></div>
</TD>
<TD width=160 align=center>
 <font size=1 face=arial,helvetica><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></font>
</TD>
<TD width=160 align=center>
 <font size=1 face=arial,helvetica><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></font>
</TD>
<TD width=170 align=center>
    <div><font size=1 face=arial,helvetica><b>05/31/2005 </b></font></div>
</TD>
<TD width=170 align=center>
    <div><font size=1 face=arial,helvetica><b>05/31/2007 </b></font></div>
</TD>
<TD width=186 align=center>
<div><font size=1 face=arial,helvetica><b>Common Stock Options</b></font></div>
</TD>
<TD width=186 align=center>
<div><font size=1 face=arial,helvetica><b>30,000</b></font></div>
</TD>
<TD width=76 align=left>
<div><font size=1 face=arial,helvetica><b>$</b></font></div>
</TD>
<TD width=102 align=center>
<div><font size=1 face=arial,helvetica><b></b></font></div>
</TD>
<TD width=50 align=center>
<div align=center><font size=1 face=arial,helvetica><b> </b></font></div>
</TD>
<TD width=128 align=left>
<font size=1 face=arial,helvetica><b></b></font>
</TD>
</TR>




   <BR>

</TABLE>
<p Style='page-break-before:always'>
<font size=1 face=arial,helvetica><B>Explanation of Responses:</B> </font><br>

<TABLE width=100% border=0>
<TR>
    <TD width=100% align=right><font size=1 face=arial,helvetica><b>&nbsp;</b></font><br>
</TD>
</TR>
</TABLE>

<TABLE width=100% border=1 cellspacing=0 cellpadding=4>
<TR>
<TD width=1272>

    <div><font size=2 face=arial,helvetica></font></div>
</TD>
</TR>
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<TABLE width=100% border=0>
<TR>
<TD width=40% valign=top>
    <font size=1 face=arial,helvetica><b>By:</b>
</TD>

<TD><font size=1 face=arial,helvetica><b>Date:</b>
</TD>

</TR>
<TR>
<TD valign=top>

    <U>/s/ Timothy E. Belanger</U>
    </TD>
     <TD valign=top>
    <u>02/18/2003</U>
    </TD>
    </TR>

    <TR>
    <TD valign=top>

    Sr. VP. Sales & Marketing
</TD>
</TR>

<TR>
<TD>
   <font size=1 face=arial,helvetica>** Signature of Reporting Person</font>
</TD>

    <TD valign=top><div align=right><font size=1 face=arial,helvetica>SEC 1474 (9-02)</font></div></TD>
</TR>
<TR>

</TD>
</TR>
<TR>
<TD width=60% valign=top><BR><BR>
    <font size=1 face=arial,helvetica>Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.<BR><BR>
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).<BR>
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).<BR>
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
<BR>
Potential persons who are to respond to the collection of information contained in this form are not<BR>
required to respond unless the form displays a currently valid OMB Number.
</font>
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