-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
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/X/ CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0287
LONGER SUBJECT TO EXPIRES: PENDING
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(f) 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. IRS or Social Security 4. Statement for ---- title ---- (specify
Number of Reporting Month/Year below) below
Person (Voluntary) ----------------- ------------------
5001 North Second Street January 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/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 Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (A) or (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
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Woodward Governor Company 01/25/02 P(*) 91 A $54.75 2,186 D
Common Stock
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Woodward Governor Company 2,534 I Stock Plan
Common Stock
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(*) Purchase pursuant to an established Rule 10b5-1 Plan-Officer Stock Purchase
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, SEE Instruction 4(b)(v). SEC 1474 (7-97)
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
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- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex-
Exercise Date (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ posed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
--------------------
Date Expira-
-------------------------------------- Exer- tion
cisable Date
Code V (A) (D)
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Nonqualified Stock Option $16.625 01/10/1996 11/18/1996 01/17/2006
(right to buy)
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Nonqualified Stock Option $23.50 11/18/1996 11/18/1996 11/17/2006
(right to buy)
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Nonqualified Stock Option $32.25 11/17/1997 11/17/1997 11/16/2007
(right to buy)
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Nonqualified Stock Option $32.00 01/14/1998 01/14/1998 01/13/2008
(right to buy)
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Nonqualified Stock Option $22.00 11/16/1998 11/16/1998 11/15/2008
(right to buy)
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Nonqualified Stock Option $24.75 11/16/1999 11/15/2000 11/15/2009
(right to buy)
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Nonqualified Stock Option $41.813 11/21/2000 11/20/2001 11/20/2010
(right to buy)
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Nonqualified Stock Option $49.00 10/01/2001 09/30/2002 09/30/2011
(right to buy)
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Phantom Stock Units 1-for-1 11/23/2001 (1) (1)
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7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Nature
lying Securities of of Deriv- ship of In-
(Instr. 3 and 4) Deriv- ative Form direct
ative Securi- of De- Bene-
Secur- ties rivative ficial
ity Bene- Secu- Own-
(Instr. ficially rity: ership
5) Owned Direct (Instr. 4)
at End (D) or
Amount or of Indi-
Title Number of Month rect (I)
Shares (Instr. 4) (Instr. 4)
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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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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 01/08/02
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**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
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.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
SEC 1474 (7-97)