1. Name and Address of Reporting Person
Shockley, William M.
Two Pitcairn Place, Suite 200
165 Township Line Road
Jenkintown, PA 19046-
2. Issuer Name and Ticker or Trading Symbol
SPS TECHNOLOGIES, INC. (ST)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Day/Year
02/12/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
VP, CFO
7. 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 |2. Trans- |2A.Execu- |3. Trans-|4. Securities Acquired (A)|5. Amount of |6. Owner- |7. Nature |
| | action | action | action| or Disposed of (D) |Securities | ship | of In- |
| | Date | Date | Code | |Beneficially | Form: | direct |
| | | | | |Owned | Direct | Bene- |
| | (Month/ | (Month/ | | |Following | (D) or | ficial |
| | Day/ | Day/ +-----+---+-----------+---+----------+Reported | Indirect| Owner- |
| | Year) | Year) |Code |V |Amount |A/D|Price |Transaction(s)| (I) | ship |
+------------------------------+----------+----------+-----+---+-----------+---+----------+--------------+-----------+------------+
Common Stock 16951 D
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+----------+--------+-------+-------+---------+-----------+---------------------+----------------+----------+-------+-------+------+
|1. |2. |3. |3A. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | | |Number |Owner- | |
| | | | | | | | | |of |ship | |
| | | | | | | | | |Deriv- |Form of| |
| | | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | | |of Underlying | |Secur- |ative |Nature|
| |Conver- |Trans- |Execu- | |Number of | |Securities | |ities |Secur- |of |
| |sion or |action |tion | |Derivative |Date Exercisable +-------+--------+ |Benefi-|ity: |In- |
| |Exercise|Date |Date | |Securities |and Expiration Date | |Amount | |cially |Direct |direct|
| |Price of| | |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |(Month/|(Month/|tion Code|Disposed(D)+----------+----------+ |Number |Price of | |In- |ficial|
|Derivative|ative | Day/ | Day/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative| |direct |Owner-|
|Security |Security|Year) |Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security | |(I) |ship |
+----------+--------+-------+-------+------+--+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
Non $19.675 02/12/2 A V 15998 02/12/2004 02/12/2013 Common 15998 $0.0000 15998 D
Qualified 003 Stock
Stock
Options
Non $27 01/31/2006 Common 2110 D
Qualified Stock
Stock
Options
Non $32.9375 02/09/2010 Common 4800 D
Qualified Stock
Stock
Options
Non $33.9063 02/09/2007 Common 4000 D
Qualified Stock
Stock
Options
Non $34.435 02/12/2012 Common 12095 D
Qualified Stock
Stock
Options
Non $36.125 10/11/2009 Common 10185 D
Qualified Stock
Stock
Options
Non $41.0938 02/01/2008 Common 4000 D
Qualified Stock
Stock
Options
Non $42.4063 04/26/2009 Common 600 D
Qualified Stock
Stock
Options
Non $43 02/08/2009 Common 600 D
Qualified Stock
Stock
Options
Non $51.1 02/14/2011 Common 6861 D
Qualified Stock
Stock
Options
Incentive $19.675 02/12/2 A V 4002 02/12/2004 02/12/2013 Common 4002 $0.0000 4002 D
Stock 003 Stock
Options
Incentive $19.75 07/24/2005 Common 5000 D
Stock Stock
Options
Incentive $27 01/31/2006 Common 3890 D
Stock Stock
Options
Incentive $32.9375 02/09/2010 Common 1200 D
Stock Stock
Options
Incentive $34.435 02/12/2012 Common 2905 D
Stock Stock
Options
Incentive $36.125 10/11/2009 Common 4815 D
Stock Stock
Options
Incentive $42.4063 04/26/2009 Common 2400 D
Stock Stock
Options
Incentive $43 02/08/2009 Common 2400 D
Stock Stock
Options
Incentive $51.1 02/14/2011 Common 3139 D
Stock Stock
Options
Explanation of Responses:
These options were granted as an incentive to the recipient and the number
granted was calculated using the fair market value of the Company's common stock
on the grant date. 20% of the options granted become exercisable one year
after the grant date,and the remainder become exercisable in annual 20%
increments thereafter.
SIGNATURE OF REPORTING PERSON
/s/ William M. Shockley
DATE
04/23/2003