Form 4

Form 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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

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Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See instructions 1(b).

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1.  Name and Address of Reporting Person*

James W. Krause

2. Issuer Name and Ticker or Trading Symbol

National Vision, Inc. (NVI)

6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
 X  Director                    ___ 10% Owner
     Officer (give             ___ Other (specify
                  title below)                     below)

 

(Last)     (First)     (Middle)

296 Grayson Highway

3. I.R.S. Identification
    Number
    of Reporting Person,
    if an entity
    (voluntary)
4.  Statement for
     Month/Day/Year

04/01/03

 (Street)

Lawrenceville, GA  30045

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
___ 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
    Transactions(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*


04/01/03



A



5,000


A



5,688.000


D



 









 









 








 


 

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. 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
Securities
Beneficially
Owned at
End of
Month
(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:
*Issuance of shares under Performance Share Award Agreement.

/s/ Mitchell Goodman 


Mitchell Goodman for James W. Krause

**Signature of Reporting Person

  04/02/03


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