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FORM 4
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STATEMENT OF
CHANGES IN BENEFICAL OWNERSHIP
/X/ 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*
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(Last) Heenan
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(First) Thomas
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(Middle) W.
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(Street) 5001 N. Second Street
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(City) Rockford
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(State) IL
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(Zip) 61111
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2. Issuer Name and Ticker or Trading Symbol
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(Issuer Name) Woodward Governor Company
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(Ticker or Trading Symbol) WGOV
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3. I.R.S. or Social Security Number of Reporting Person (Voluntary)
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(I.D. Number)
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4. Statement for Month/Day/Year
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(Month/Day) 10/07
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(Year) 2002
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5. If Amendment, Date of Original (Month/Day/Year)
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(Month/Day)
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(Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
/X/
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(Director)
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(Officer, give title below)
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(10% Owner)
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(Other, specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
/X/
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/X/ Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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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
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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)
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Woodward Governor 8,000 I The Jessie
Company Common Stock W. Hamilton
Trust dated
September 11,
1970, as
amended
(trust
established
by the
deceased
mother of
reporting
person of
which
reporting
person is one
of two
trustees)
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Woodward Governor 800 I The Charles
Company Common Stock Hamilton
Heenan Trust
dated May 28,
1974
(trust
established
for the
benefit of
son of
reporting
person of
which
reporting
person is one
of two
trustees)
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Woodward Governor 800 I The Lydia
Company Common Stock Baldwin
Heenan Trust
dated
February 16,
1977 (trust
established
for the
benefit of
daughter of
reporting
person of
which
reporting
person is one
of two
trustees)
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Woodward Governor 4,000 I Smith
Company Common Stock Barney
Individual
Retirement
Account for
the benefit
of Thomas W.
Heenan
(reporting
person has
sole
investment
authority)
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Woodward Governor 5,236 D
Company Common Stock
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TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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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
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Nonqualified $69.22 04/26/01 04/26/2001 04/25/2011
Stock
Option
(right to
buy)
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Nonqualified $54.57 01/23/02 01/23/2003 01/23/2012
Stock
Option
(right to
buy)
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TABLE II CONTINUED - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF
OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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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)
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Common Stock 1,000(a) 1,000 D
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Common Stock 1,000(b) 2,000 D
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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) Grant
to reporting person of option to buy shares of common stock under the Woodward
Governor Company 2002 Stock Option Plan is an exempt transaction under Rule
16b-3.
/s/ Thomas W. Heenan 10/7/2002
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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.