-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 5 WASHINGTON, D.C. 20549 OMB APPROVAL
-------- -----------------------------
// CHECK BOX IF NO LONGER ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0362
SUBJECT TO SECTION 16. EXPIRES: JANUARY 31, 2005
FORM 4 OR FORM 5 OBLI- Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
GATIONS MAY CONTINUE. Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 1.0
SEE INSTRUCTION 1(b). Section 30(h) of the Investment Company Act of 1940
-----------------------------
// FORM 3 HOLDINGS REPORTED
// FORM 4 TRANSACTIONS REPORTED
------------------------------------------------------------------------------------------------------------------------------------
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)
Woodward Governor Company WGOV Director 10% Owner
Turner C. Phillip --- ---
------------------------------------------------------------------------------------------- X Officer (give Other (specify
(Last) (First) (Middle) 3. IRS Identification 4. Statement for --- title below) --- below)
Number of Reporting Month/Year
Person, if an entity September 2002 Vice President
(voluntary)
5001 N. Second Street
-------------------------------------- ---------------------------------------------- --------------------------------------
(Street) 5. If Amendment, 7. Individual or Joint/Group Reporting
Date of Original (check applicable line)
(Month/Year) X Form Filed by One Reporting Person
---
Form Filed by More than One
--- Reporting Person
Rockford, IL 61111
------------------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip) TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 2A. Deemed 3. Transac- 4. Securities Acquired (A) or 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) action Execution tion Disposed of (D) Securities ship Indirect
Date Date, if Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
any (Instr. 8) Owned at Direct Ownership
(Month/ (Month/ end of (D) or (Instr. 4)
Day/ Day/ ------------------------------ Issuer's Indirect
Year) Year) Amount (A) or Price Fiscal Year (I)
(D) (Instr. 3 (Instr. 4)
and 4)
------------------------------------------------------------------------------------------------------------------------------------
Woodward Governor
Company Common Stock 12,000 D
------------------------------------------------------------------------------------------------------------------------------------
Woodward Governor
Company Common Stock 09/30/02 09/30/02 A 13,892 I Stock Plan
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
* If the form is filed by more than one reporting person, SEE Instruction 4(b)(v).
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Conver- 3. Trans- 3A. Deemed 4. Trans- 5. Number of 6. Date Exer-
Security sion of action Executition action Derivative cisable and
(Instr. 3) Exercise Date Date, if Code Securities Ac- Expiration
Price of (Month/ any (Month (Instr. 8) quired (A) or Date
Deriv- Day/ Day/Year) Disposed of Month/Day/
ative Year) (D) Year)
Security (Instr. 3, 4 and 5)
------------------- -----------------
(A) (D) Date Expir-
Exer- ation
cisable Date
-----------------------------------------------------------------------------------------------------------------------------------
Nonqualified Stock Option
(right to buy) $16.625 01/10/1996 11/18/1996 01/17/2006
-----------------------------------------------------------------------------------------------------------------------------------
Nonqualified Stock Option
(right to buy) $23.50 11/18/1996 11/18/1996 11/17/2006
-----------------------------------------------------------------------------------------------------------------------------------
Nonqualified Stock Option
(right to buy) $32.25 11/17/1997 11/17/1997 11/16/2007
-----------------------------------------------------------------------------------------------------------------------------------
Nonqualified Stock Option
(right to buy) $32.00 01/14/1998 01/14/1998 01/13/2008
-----------------------------------------------------------------------------------------------------------------------------------
Nonqualified Stock Option
(right to buy) $22.00 11/16/1998 11/16/1998 11/15/2008
-----------------------------------------------------------------------------------------------------------------------------------
Nonqualified Stock Option
(right to buy) $24.75 11/16/1999 11/15/2000 11/15/2009
-----------------------------------------------------------------------------------------------------------------------------------
Nonqualified Stock Option
(right to buy) $22.00 03/21/2000 M 4,000 11/16/1998 11/15/2008
-----------------------------------------------------------------------------------------------------------------------------------
Nonqualified Stock Option
(right to buy) $41.813 11/21/2000 11/20/2001 11/20/2010
-----------------------------------------------------------------------------------------------------------------------------------
Nonqualified Stock Option
(right to buy) 49.00 10/01/2001 09/30/2002 09/30/2011
-----------------------------------------------------------------------------------------------------------------------------------
Phantom Stock Units 1-for-1 11/08/2002 (1) (1)
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
7. Title and Amount of Under- 8. Price 9. Number 10. Ownership 11. Nature
lying Securities of of of of
(Instr. 3 and 4) Derivative Derivative Derivative Indirect
Security Securities Security: Beneficial
(Instr. 5) Beneficially Direct Ownership
Owned (D) or Ownership
at End Indirect (Instr. 4)
of Year (I)
------------------------------------ (Instr. 4) (Instr. 4)
or Indirect
Amount or
Title Number of
Shares
------------------------------------------------------------------------------------------------------
Common Stock 9,980(a) 9,980 D
------------------------------------------------------------------------------------------------------
Common Stock 17,600(a) 27,580 D
------------------------------------------------------------------------------------------------------
Common Stock 18,046(a) 45,626 D
------------------------------------------------------------------------------------------------------
Common Stock 6,782(a) 52,408 D
------------------------------------------------------------------------------------------------------
Common Stock 20,000(a) 72,408 D
------------------------------------------------------------------------------------------------------
Common Stock 15,000(a)(b) 87,408 D
------------------------------------------------------------------------------------------------------
Common Stock 83,408 D
------------------------------------------------------------------------------------------------------
Common Stock 5,000(a)(b) 88,408 D
------------------------------------------------------------------------------------------------------
Common Stock 10,000(a)(b) 98,408 D
------------------------------------------------------------------------------------------------------
Common Stock 6,233 104,641 D
------------------------------------------------------------------------------------------------------
Explanation of Responses:
(a) 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. (b) 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/ C. Phillip Turner November 12, 2002
----------------------------------- -----------------
**Signature of Reporting Person Date
**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 provided is insufficient, SEE Instruction 6 for procedure.