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FORM 4
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STATEMENT OF
CHANGES IN BENEFICAL OWNERSHIP
/X/ Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. SEE Instruction 1(b).
1. Name and Address of Reporting Person*
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(Last) Cassens
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(First) Vern
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(Middle) H.
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(Street) 5001 N. Second Street
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(City) Rockford
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(State) IL
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(Zip) 61111
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2. Issuer Name and Ticker or Trading Symbol
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(Issuer Name) Woodward Governor Company
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(Ticker or Trading Symbol) WGOV
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3. I.R.S. or Social Security Number of Reporting Person (Voluntary)
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(I.D. Number)
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4. Statement for Month/Day/Year
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(Month/Day) 10/07
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(Year) 2002
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5. If Amendment, Date of Original (Month/Day/Year)
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(Month/Day)
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(Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
/X/
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(Director)
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(Officer, give title below)
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(10% Owner)
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(Other, specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
/X/
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/X/ Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Transac- 2A. Deemed 3. Transaction 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) tion Date Execution Code (Instr. 8) (A) or Disposed of (D) Securities ship Form: Indirect
(Month/ (Instr. 3, 4, and 5) Beneficially Direct (D) Beneficial
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Date/Year) Date, if Code V Amount (A) or Price Owned or Indirect Ownership
any (D) Following (I) (Instr. 4)
(Month/ Reported (Instr. 4)
Day/Year) Transaction(s)
(Instr. 3 & 4)
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Woodward Governor 6,970 D
Company Common Stock
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Woodward Governor 16,000 I By Wife
Company Common Stock
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Woodward Governor 20,000 I IRA
Company Common Stock
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TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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2. 3.
1. Title of Conversion Transaction 3A. Deemed 5. Number of Derivative
Derivative or Exercise Date Execution 4. Transaction Code Securities Acquired (A) or 6. Date Exercisable and
Security Price of (Month/Day/ Date, if any (Instr.8) Disposed of (D) (Instr.3, 4, Expiration Date
(Instr. 3) Derivative Year) (Month/Day/ and 5) (Month/Day/Year)
Security Year) ----------------------------------------------------------------------------------
Code V (A) (D) Date Exercisable Expiration Date
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Nonqualified $16.625 01/17/1996 11/18/1996 01/17/2006
Stock
Option
(right to
buy)
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Nonqualified $23.50 11/18/1996 11/18/1996 11/17/2006
Stock
Option
(right to
buy)
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Nonqualified $69.22 04/26/2001 04/26/2001 04/25/2011
Stock
Option
(right to
buy)
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Nonqualified $54.57 01/23/2002 01/23/2003 01/23/2012
Stock
Option
(right to
buy)
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TABLE II CONTINUED - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF
OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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7. Title and Amount of Underlying Securities 10. Ownership
(Instr. 3 and 4) 9. Number of Derivative Form of Derivative
-------------------------------------------- 8. Price of Securities Beneficially Securities
Amount or Derivative Owned Following Beneficially Owned 11. Nature of Indirect
Number of Security Reported Transaction(s) at End of Month Beneficial Ownership
Title Shares (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
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Common Stock 12,480(a) 12,480 D
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Common Stock 21,600(b) 34,080 D
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Common Stock 1,000(b) 35,080 D
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Common Stock 1,000(c) 36,080 D
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Explanation of Responses: (a) Stock options originally granted on January 17,
1996 under the Woodward Governor Company 1996 Long-Term Incentive Compensation
Plan remaining upon partial attainment of performance goals for fiscal year
1996. (b) Grant to reporting person of option to buy shares of common stock
under the Woodward Governor Company 1996 Long-Term Incentive Compensation Plan
is an exempt transaction under Rule 16b-3. (c) Grant to reporting person of
option to buy shares of common stock under the Woodward Governor Company 2002
Stock Option Plan is an exempt transaction under Rule 16b-3.
/s/ Vern H. Cassens 10/7/2002
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**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.