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
8/2002
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
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 08/20/2002 M 5000 A $10.8125 D
Common Stock 08/20/2002 G V -5000 D $0.0000 160599 D
Common Stock 08/20/2002 G V 5000 A $0.0000 5000 I By wife
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 08/20/2002 M 5000 12/01/1994 11/30/2003 Common 5000 $10.8125 30000 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 02/12/2012 Common 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 02/12/2012 Common 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:
Gift to wife who shares reporting person's household.
The reporting person disclaims beneficial ownership of all securities held by
his wife, and this report should not be deemed an admission that the reporting
person is the beneficial owner of such seurities for purposes of Exchange Act
Section 16 or for any other purpose.
SIGNATURE OF REPORTING PERSON
/s/ Charles W. Grigg
DATE
09/09/2002