------
FORM 4
------
STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP
/ / 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*
---------------------------------------------------------------------------
(Last) Gendron
---------------------------------------------------------------------------
(First) Thomas
---------------------------------------------------------------------------
(Middle) A.
---------------------------------------------------------------------------
(Street) 5001 N. Second Street
---------------------------------------------------------------------------
(City) Rockford
---------------------------------------------------------------------------
(State) IL
---------------------------------------------------------------------------
(Zip) 61111
---------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
---------------------------------------------------------------------------
(Issuer Name) Woodward Governor Company
---------------------------------------------------------------------------
(Ticker or Trading Symbol) WGOV
---------------------------------------------------------------------------
3. I.R.S. or Social Security Number of Reporting Person (Voluntary)
---------------------------------------------------------------------------
(I.D. Number)
---------------------------------------------------------------------------
4. Statement for Month/Day/Year
---------------------------------------------------------------------------
(Month/Day) October 07
---------------------------------------------------------------------------
(Year) 2002
---------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Day/Year)
---------------------------------------------------------------------------
(Month/Day)
---------------------------------------------------------------------------
(Year)
---------------------------------------------------------------------------
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
/X/
---------------------------------------------------------------------------
(Director)
---------------------------------------------------------------------------
/X/ (Officer, give title below)
---------------------------------------------------------------------------
President and Chief Operating Officer
---------------------------------------------------------------------------
(10% Owner)
---------------------------------------------------------------------------
(Other, specify below)
---------------------------------------------------------------------------
7. Individual or Joint/Group Filing (Check Applicable Line)
/X/
---------------------------------------------------------------------------
/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. 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
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
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)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Woodward Governor 1,600 D
Company Common Stock
------------------------------------------------------------------------------------------------------------------------------------
Woodward Governor 1,462 I Stock Plan
Company Common Stock
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
--------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
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, Expiration Date
(Instr. 3) Derivative Year) (Month/Day/ 4, and 5) (Month/Day/Year)
Security Year) ----------------------------------------------------------------------------------
Code V (A) (D) Date Exercisable Expiration Date
------------------------------------------------------------------------------------------------------------------------------------
Nonqualified $16.625 01/10/1996 11/18/1996 01/17/2006
Stock
Option
(right to
buy)
------------------------------------------------------------------------------------------------------------------------------------
Nonqualified $23.50 11/18/1996 11/18/1996 11/17/2006
Stock
Option
(right to
buy)
------------------------------------------------------------------------------------------------------------------------------------
Nonqualified $32.25 11/17/1997 11/17/1997 11/16/2007
Stock
Option
(right to
buy)
------------------------------------------------------------------------------------------------------------------------------------
Nonqualified $32.00 01/14/1998 01/14/1998 01/13/2008
Stock
Option
(right to
buy)
------------------------------------------------------------------------------------------------------------------------------------
Nonqualified $22.00 11/16/1998 11/16/1998 11/15/2008
Stock
Option
(right to
buy)
------------------------------------------------------------------------------------------------------------------------------------
Nonqualified $24.75 11/16/1999 11/15/2000 11/15/2009
Stock
Option
(right to
buy)
------------------------------------------------------------------------------------------------------------------------------------
Nonqualified $41.813 11/21/2000 11/20/2001 11/20/2010
Stock
Option
(right to
buy)
------------------------------------------------------------------------------------------------------------------------------------
Nonqualified $49.00 10/01/2001 09/30/2002 09/30/2011
Stock
Option
(right to
buy)
------------------------------------------------------------------------------------------------------------------------------------
Phantom 1-for-1 11/23/2001 (1) (1)
Stock Units ------------------------------------------------------------------------------------------------------------------------
Nonqualifed $47.72 10/07/2002 10/07/2002 A 20,000 10/06/2003 10/06/2012
Stock
Option
(right to
buy)
------------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TABLE II CONTINUED - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF OR BENEFICIALLY
OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
--------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
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)
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 2,880(a) 2,880 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 8,000(a) 10,880 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7,954(a) 18,834 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 2,990(a) 21,824 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 9,000(a) 30,824 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 8,000(a)(b) 38,824 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 13,000(a)(b) 51,824 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 20,000(a)(b) 71,824 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 454 $49.06 72,278 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 20,000 92,278 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/ Thomas A. Gendron October 7, 2002
--------------------------------- -------------------
**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.