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, 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 * GRAY AVRUM   2. Issuer Name and Ticker or Trading Symbol SL INDUSTRIES INC [SLI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 520 FELLOWSHIP ROAD, SUITE A114 3. Date of Earliest Transaction (Month/Day/Year) 10/19/2010 (Street) MT. LAUREL, NJ 08054 4. If Amendment, Date 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 (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 10/19/2010   J(1)   3,500 D $ 14.5 0 D   Common Stock               13,400 I By 1993 GF Limited Partnership (2) (3) Common Stock 10/19/2010   J(1)   1,000 D $ 14.5 5,800 I By AVG Limited Partnership (3) (4) Common Stock 10/19/2010   J(1)   2,500 D $ 14.5 0 I By JYG Limited Partnership (5) Common Stock 10/19/2010   J(1)   2,124 D $ 14.5 0 I By the AG 1991 Trust UAD 121891 (3) (6) Common Stock 10/19/2010   J(1)   750 D $ 14.5 0 I By Avrum Gray Family Fund (7)

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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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GRAY AVRUM 520 FELLOWSHIP ROAD, SUITE A114 MT. LAUREL, NJ 08054	X

Signatures

/s/ Avrum Gray		03/22/2011
**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)	Pursuant to a modified "dutch auction" tender offer by the Issuer in which the reporting person tendered, and the Issuer accepted for payment, the shares of Common Stock reflected hereon.
(2)	Held by 1993 GF Limited Partnership, in which the general partner is a corporation owned solely by the reporting person.
(3)	The reporting person disclaims beneficial ownership of these securities and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
(4)	Held by AVG Limited Partnership, in which the reporting person is a general partner.
(5)	Held by JYG Limited Partnership, in which the reporting person's spouse is a general partner.
(6)	These shares are held in trust by the AG 1991 Trust UAD 121891. The reporting person's spouse is a trustee of this trust.
(7)	Held by the Avrum Gray Family Fund, in which the reporting person is the vice president.

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