Statement of Changes of Beneficial Ownership

   
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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

RALSTON GEOFFREY 		2. Issuer Name and Ticker or Trading Symbol

YAHOO INC [ YHOO ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
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(Last)          (First)          (Middle)

C/O YAHOO! INC., 701 FIRST AVENUE 		3. Date of Earliest Transaction (MM/DD/YYYY)

10/15/2003
(Street)

SUNNYVALE, CA 94089
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 (MM/DD/YYYY) 2A. Deemed Execution Date, if any (MM/DD/YYYY) 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   10/15/2003     M    577   A $5.3906   124795   I   By Trust  
Common Stock   10/15/2003     M    481   A $9.24   125276   I   By Trust  
Common Stock   10/15/2003     M    769   A $16.46   126045   I   By Trust  
Common Stock   10/15/2003     S    2111   (4) D $42.75   123934   I   By Trust  
Common Stock   10/15/2003     S    100   (4) D $42.76   123834   I   By Trust  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YYYY) 3A. Deemed Execution Date, if any (MM/DD/YYYY) 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 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 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
Employee Stock Option ( right to buy )   $5.3906   10/15/2003     M        577    10/20/1998   (1) 10/28/2007   Common Stock   577   $0   138076   D    
Employee Stock Option ( right to buy )   $9.24   10/15/2003     M        481    11/2/2001   (2) 10/2/2011   Common Stock   481   $0   76728   D    
Employee Stock Option ( right to buy )   $16.46   10/15/2003     M        769    1/11/2003   (3) 12/11/2012   Common Stock   769   $0   151189   D    

Explanation of Responses:
( 1)  This option becomes exercisable at a rate of 1/4 of the securities underlying the option on the first anniversary of the vesting commencement date of 10/20/97 and 1/48th of the securities underlying the option on each monthly anniversary thereafer.
( 2)  This option becomes exercisable at a rate of 1/48th of the securities underlying the option on each monthly anniversary of the vesting commencement date of 10/02/01.
( 3)  This option becomes exercisable at a rate of 1/48th of the securities underlying the option on each monthly anniversary of the vesting commencement date of 12/11/02.
( 4)  Shares sold pursuant to a 10b5-1 trading plan.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
RALSTON GEOFFREY
C/O YAHOO! INC.
701 FIRST AVENUE
SUNNYVALE, CA 94089

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Signatures
/s/ Michael J. Callahan, attorney-in-fact, Geoffrey Ralston 10/16/2003
** 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.
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