1. Name and Address of Reporting Person
Grigg, Charles W.
2504 N. Bingham Street
Cornwall, VT 05753
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/Year
2/2002
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
Chairman and CEO
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- |3. Trans- |4. Securities Acquired (A) |5. Amount of |6. Owner- |7. Nature |
| | action | action | or Disposed of (D) | Securities | ship | of In- |
| | Date | Code | | Beneficially | Form: | direct |
| | | | | Owned at | Direct | Bene- |
| | (Month/ | | | End of | (D) or | ficial |
| | Day/ +-------+-----+-----------+------+----------+ Month | Indirect| Owner- |
| | Year) |Code |V |Amount |A/D |Price | | (I) | ship |
+---------------------------------+----------+-------+-----+-----------+------+----------+----------------+-----------+------------+
Common Stock 150606 D
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+-------------+--------+----------+---------+-----------+---------------------+----------------+----------+--------+-------+-------+
|1. |2. |3. |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- | | |Number of | |Securities | |ities |Secur- |of |
| |sion or | | |Derivative |Date Exercisable +-------+--------+ |Benefi- |ity: |In- |
| |Exercise| | |Securities |and Expiration Date | |Amount | |cially |Direct |direct |
| |Price of|Transac- |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |tion Date |tion Code|Disposed(D)+----------+----------+ |Number |Price of |at End |In- |ficial |
|Derivative |ative |(Month/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative|of |direct |Owner- |
|Security |Security|Day/Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security |Month |(I) |ship |
+-------------+--------+----------+------+--+-----+-----+----------+----------+-------+--------+----------+--------+-------+-------+
Non Qualified $10.8125 11/30/2003 Common 73000 D
Stock Options Stock
Non Qualified $14.2188 02/06/2005 Common 40000 D
Stock Options Stock
Non Qualified $27 01/31/2006 Common 21482 D
Stock Options Stock
Non Qualified $30.9688 04/26/2010 Common 12000 D
Stock Options Stock
Non Qualified $33.9063 02/09/2007 Common 40000 D
Stock Options Stock
Non Qualified $34.435 02/13/2002 A V 3998 02/13/2003 02/12/2012 Common 3998 $0.0000 3998 D
Stock Options Stock
Non Qualified $42.4063 04/26/2009 Common 29010 D
Stock Options Stock
Non Qualified $43 02/08/2009 Common 4000 D
Stock Options Stock
Non Qualified $49.025 04/29/2011 Common 6000 D
Stock Options Stock
Non Qualified $51.1 02/14/2011 Common 11906 D
Stock Options Stock
Incentive $30.9688 04/26/2010 Common 3000 D
Stock Options Stock
Incentive $34.435 02/13/2002 A V 1002 02/13/2005 02/12/2012 Common 1002 $0.0000 1002 D
Stock Options Stock
Incentive $42.4063 04/26/2009 Common 990 D
Stock Options Stock
Incentive $43 02/08/2009 Common 6000 D
Stock Options Stock
Incentive $51.1 02/14/2011 Common 2094 D
Stock Options Stock
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/ Charles W. Grigg
DATE
03/08/2002