SEC FORM 4 SEC 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
DELANEY KEVIN P

(Last) (First) (Middle)
1900 WEST LOOP SOUTH SUITE 1500

(Street)
HOUSTON TX 77027

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
QUANEX CORP [ NX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice Pres - General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
09/02/2003
4. If Amendment, Date of 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
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 09/02/2003 09/02/2003 J(1) 3.318 A $34.662 3.318 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 (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 Securities Underlying Derivative Security (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: 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
Explanation of Responses:
1. Stock purchased through Employee Stock Purchase Plan.
Kevin P. Delaney by Terry M. Murphy, POA 09/03/2003
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
                      POWER OF ATTORNEY




           The  undersigned hereby constitutes and  appoints
Terry  M.  Murphy and Ricardo Arredondo his true and  lawful
attorneys-in-fact   and   agents,   with   full   power   of
substitution and re-substitution, for him and in  his  name,
place and stead, in any and all capacities, to complete  and
sign all Form 4's and Form 5's relating to equity securities
of  Quanex  Corporation  and to  file  the  same,  with  all
exhibits thereto or documents in connection therewith,  with
the  Securities and Exchange Commission, the New York  Stock
Exchange  and Quanex Corporation, granting to said attorney-
in-fact  and  agent,  full power and  authority  to  do  and
perform each and every act and thing requisite and necessary
to  be  done  in  and about the premises, as  fully  to  all
intents  and  purposes as he might or could  do  in  person,
hereby  ratifying and confirming all that said  attorney-in-
fact  and  agent, or substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.



                    Executed this 23rd day of July, 2003



                         /s/ Kevin P. Delaney
                         Kevin P. Delaney
                         Vice President and General Counsel