Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Pacey Larry J.
2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2008
3. Issuer Name and Ticker or Trading Symbol
WMS INDUSTRIES INC /DE/ [WMS]
(Last)
(First)
(Middle)
C/O WMS INDUSTRIES INC., 800 S. NORTHPOINT BLVD.
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) __X__ Other (specify below)
Exec. VP Global Products / Chief Innovation Officer
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

WAUKEGAN, IL 60085
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 31,782 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option   (2) 05/09/2011 Common Stock 45,000 $ 13.73 D  
Stock Option 05/10/2005 05/10/2014 Common Stock 3,750 $ 18.98 D  
Stock Option   (3) 01/07/2015 Common Stock 14,326 $ 21.67 D  
Stock Option   (4) 06/16/2015 Common Stock 14,496 $ 22.6 D  
Stock Option   (5) 08/14/2016 Common Stock 23,542 $ 16.95 D  
Stock Option   (6) 09/19/2014 Common Stock 14,250 $ 30.55 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Pacey Larry J.
C/O WMS INDUSTRIES INC.
800 S. NORTHPOINT BLVD.
WAUKEGAN, IL 60085
      Exec. VP Global Products Chief Innovation Officer

Signatures

/s/ Larry J. Pacey 07/09/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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 29,089 shares of restricted stock, restrictions on which will lapse over time: (i) restrictions on 4,500 shares will lapse on each of 6/16/2009 and 6/16/2010; (ii) restrictions on 1,272 shares will lapse on each of 9/19/2008, 9/19/2009 and 9/19/2010 and on 1,273 shares on 9/19/2011 and (iii) restrictions on 5,000 shares will lapse on each of 9/20/2008, 9/20/2009 and 9/20/2010.
(2) Stock Option Grant: 11,250 shares became exercisable on each of 5/9/2002, 5/9/2003, 5/9/2004 and 5/9/2005.
(3) Stock Option Grant: 4,775 shares became exercisable on each of 1/7/2006 and 1/7/2007 and 4,776 shares became exercisable on 1/7/2008.
(4) Stock Option Grant: 4,832 shares became exercisable on each of 6/16/2006, 6/16/2007 and 6/16/2008.
(5) Stock Option Grant: 7,847 shares became exercisable on 8/14/2007, 7,847 will be exercisable on 8/14/2008 and 7,848 will be exercisable on 8/14/2009.
(6) Stock Option Grant: 4,750 shares will be exercisable on each of 9/19/2008, 9/19/2009 and 9/19/2010.

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