FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
HUGHES EUGENE L
   2. Issuer Name and Ticker or Trading Symbol
NATURES SUNSHINE PRODUCTS INC [NATR] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
NATURE'S SUNSHINE PRODUCTS, INC., 75 E. 1700 S., P. O. BOX 19005		 3. Date of Earliest Transaction (Month/Day/Year)
11/21/2003
(Street)

PROVO, UT 84605-9005		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 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 11/21/2003   M   2,274 A $ 6.67 16,335 D  
Common Stock 11/21/2003   S   2,174 D $ 7.75 16,335 D  
Common Stock 11/21/2003   S   100 D $ 7.76 16,335 D  
Common Stock 11/24/2003   M   631 A $ 6.67 16,335 D  
Common Stock 11/24/2003   S   631 D $ 7.95 1,405,253 I See footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Security: 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
Right to Buy Stock Option $ 6.67 11/21/2003   M     2,274 12/16/1995 12/16/2003 Common Stock 2,274 $ 0 376,625 (2) D  
Right to Buy Stock Option $ 6.67 11/24/2003   M     631 12/16/1995 12/16/2003 Common Stock 631 $ 0 376,625 (2) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HUGHES EUGENE L
NATURE'S SUNSHINE PRODUCTS, INC.
75 E. 1700 S., P. O. BOX 19005
PROVO, UT 84605-9005		   X   X    
HUGHES KRISTINE F
NATURE'S SUNSHINE PRODUCTS, INC.
75 E. 1700 S., P. O. BOX 19005
PROVO, UT 84605-9005		   X   X    

Signatures

 Brent Christensen, Attorney-in-fact   11/24/2003
**Signature of Reporting Person Date
 Brent Christensen, Attorney-in-fact   11/24/2003
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) 1,303,606 shares indirectly owned by Eugene L. Hughes and Kristine F. Hughes as trustees for revocable family trusts and 101,647 shares indirectly owned by Mr. Hughes' 401(k) plan.
(2) Options to purchase 206,825 shares of Common Stock are held by Eugene L. Hughes and options to purchase 169,800 shares of Common Stock are held by Kristine F. Hughes, spouse of Eugene L. Hughes.

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