1. Name and Address of Reporting Person
Cross, Thomas S.
2377 Greensward South
Warrington, PA 18976
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)
( ) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
Corporate Vice President - Human Resources
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 12/31/2001 J 78 A $0.0000 581 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 $32.9375 02/09/2010 Common 161 D
Stock Options Stock
Non Qualified $34.435 02/13/2002 A V 830 02/13/2003 02/12/2012 Common 830 $0.0000 830 D
Stock Options Stock
Non Qualified $51.1 02/14/2011 Common 519 D
Stock Options Stock
Incentive $27 01/31/2006 Common 2000 D
Stock Options Stock
Incentive $32.9375 02/09/2010 Common 2339 D
Stock Options Stock
Incentive $33.9062 02/09/2007 Common 2000 D
Stock Options Stock
Incentive $34.435 02/13/2002 A V 1670 02/13/2004 02/12/2012 Common 1670 $0.0000 1670 D
Stock Options Stock
Incentive $39.2188 07/13/2009 Common 5000 D
Stock Options Stock
Incentive $41.0937 02/01/2008 Common 1500 D
Stock Options Stock
Incentive $43 02/08/2009 Common 1500 D
Stock Options Stock
Incentive $51.1 02/14/2011 Common 1981 D
Stock Options Stock
Explanation of Responses:
Shares acquired under Company's Employees Savings and Investment Plan during the
year at no cost to the reporting person.
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/ Thomas S. Cross
DATE
03/08/2002