-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
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/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0287
LONGER SUBJECT TO EXPIRES: JANUARY 31, 2005
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5
CONTINUE. SEE Section 30(h) of the Investment Company Act of 1940 -----------------------------
INSTRUCTION 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name AND Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
Director 10% Owner
Carter Stephen P. Woodward Governor Company WGOV ---- ----
--------------------------------------------------------------------------------------------- X Officer (give Other
(Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for ---- title ---- (specify
Number of Reporting Month/Day/Year Vice President, below) below)
Person, if an entity Chief Financial Officer and Treasurer
5001 N. Second Street (voluntary) October 25, 2002 -------------------------------------
-------------------------------------------- --------------------- 7. Individual or Joint/Group Filing
(Street) 5. If Amendment, (Check Applicable Line)
Date of Original _X_Form filed by One Reporting Person
(Month/Day/Year) ___Form filed by More than One
Rockford IL 61111 Reporting Person
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(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of 2. Trans- 2A. Deemed 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
Security action Execution action or Disposed of (D) Securities ship of In-
(Instr. 3) Date Date, Code (Instr. 3, 4 and 5) Beneficially Form: direct
if any (Instr. 8) Owned Follow- Direct Bene-
(Month/ (Month/ ing Reported (D) or ficial
Day/ Day/ ------------------------------------------ Transaction(s) Indirect Owner-
Year) Year) (A) or (Instr. 3 (I) ship
Code V Amount (D) Price and 4) (Instr. 4) (Instr. 4)
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Woodward Governor
Company Common
Stock 10/25/02 10/25/02 P(*) 136 A $36.75 2,489 D
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Woodward Governor
Company Common
Stock 2,534 I Stock Plan
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(*) Purchase
pursuant to an
established Rule
10b5-1 Plan--
Officer Stock
Purchase
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FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security 2. Conver- 3. Trans- 3A. Deemed 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action Execution tion Code ative Securities Ac- cisable and Ex-
Exercise Date Date, (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ if any posed of (D) (Month/Day/
Deriv- Day/ (Month/ (Instr. 3, 4, and 5) Year)
ative Year) Day/
Security Year)
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Date Expira-
Exer- tion
Code V (A) (D) cisable Date
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Nonqualified Stock Option
(right to buy) $16.625 01/10/1996 11/18/1996 01/17/2006
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Nonqualified Stock Option
(right to buy) $23.50 11/18/1996 11/18/1996 11/17/2006
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Nonqualified Stock Option
(right to buy) $32.25 11/17/1997 11/17/1997 11/16/2007
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Nonqualified Stock Option
(right to buy) $32.00 01/14/1998 01/14/1998 01/13/2008
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Nonqualified Stock Option
(right to buy) $22.00 11/16/1998 11/16/1998 11/15/2008
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Nonqualified Stock Option
(right to buy) $24.75 11/16/1999 11/15/2000 11/15/2009
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Nonqualified Stock Option $41.813 11/21/2000 11/20/2001 11/20/2010
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Nonqualified Stock Option
(right to buy) $49.00 10/01/2001 09/30/2002 09/30/2011
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Phantom Stock Units 1-for-1 11/23/2001 (1) (1)
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Nonqualified Stock Option
(right to buy) $47.72 10/07/2002 10/06/2003 10/06/2012
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7. Title and Amount of 8. Price of 9. Number of 10. Ownership 11. Nature of
Underlying Securities Derivative Derivative Form of Indirect
(Instr. 3 and 4) Security Securities Derivative Beneficial
(Instr. 5) Beneficially Securities: Ownership
Owned Direct (D) or (Instr. 4)
Following Indirect (I)
Reported (Instr. 4)
Transaction(s)
----------------------- (Instr. 4)
Title Amount or
Number of
Shares
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Common Stock 3,000(a) 3,000 D
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Common Stock 17,600(b) 20,600 D
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Common Stock 20,068(b) 40,668 D
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Common Stock 7,542(b) 48.210 D
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Common Stock 18,000(b) 66,210 D
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Common Stock 13,000(b)(c) 79,210 D
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Common Stock 10,000(b)(c) 89,210 D
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Common Stock 15,000(b)(c) 104,210 D
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Common Stock 21,380 $49.06 125,590 D
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Common Stock 10,000(b)(c) 135,590 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) Shares become exercisable at the rate of 25% per year beginning
one year from date of grant.
(1) The phantom stock units were accrued under the Woodward Governor Company Unfunded Deferred
Compensation Plan No. 2 and are to be settled in 100% cash upon separation from the Company.
/s/ Stephen P. Carter October 25, 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.
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LAST UPDATE: 09/05/2002