May 3 is the 123rd day of the year (124th in leap years). There are 242 days remaining until the end of the year.
- 2007: The funeral of Denholm Reynholm is held.
- 2007: The website, HowLongHaveYouGot.com, predicted that Roy Trenneman would die on this date, however, this proved incorrect.
- 2007: Douglas Reynholm replaces his predecessor and father, Denholm Reynholm, as Head of Reynholm Industries.