1. Name and Address of Reporting Person
Dee, James D.
Two Pitcairn Place, Suite 200
165 Township Line Road
Jenkintown, PA 19046-
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/Day/Year
02/12/2003
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)
VP, General Counsel & Secy
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- |2A.Execu- |3. Trans-|4. Securities Acquired (A)|5. Amount of |6. Owner- |7. Nature |
| | action | action | action| or Disposed of (D) |Securities | ship | of In- |
| | Date | Date | Code | |Beneficially | Form: | direct |
| | | | | |Owned | Direct | Bene- |
| | (Month/ | (Month/ | | |Following | (D) or | ficial |
| | Day/ | Day/ +-----+---+-----------+---+----------+Reported | Indirect| Owner- |
| | Year) | Year) |Code |V |Amount |A/D|Price |Transaction(s)| (I) | ship |
+------------------------------+----------+----------+-----+---+-----------+---+----------+--------------+-----------+------------+
Common Stock 3725 D
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+----------+--------+-------+-------+---------+-----------+---------------------+----------------+----------+-------+-------+------+
|1. |2. |3. |3A. |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- |Trans- |Execu- | |Number of | |Securities | |ities |Secur- |of |
| |sion or |action |tion | |Derivative |Date Exercisable +-------+--------+ |Benefi-|ity: |In- |
| |Exercise|Date |Date | |Securities |and Expiration Date | |Amount | |cially |Direct |direct|
| |Price of| | |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |(Month/|(Month/|tion Code|Disposed(D)+----------+----------+ |Number |Price of | |In- |ficial|
|Derivative|ative | Day/ | Day/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative| |direct |Owner-|
|Security |Security|Year) |Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security | |(I) |ship |
+----------+--------+-------+-------+------+--+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
Non $19.675 02/12/2 A V 633 02/12/2004 02/12/2013 Common 633 $0.0000 633 D
Qualified 003 Stock
Stock
Options
Non $32.9375 02/09/2010 Common 600 D
Qualified Stock
Stock
Options
Non $34.435 02/12/2012 Common 59 D
Qualified Stock
Stock
Options
Non $41.0938 02/01/2008 Common 6355 D
Qualified Stock
Stock
Options
Non $42.4063 04/26/2009 Common 600 D
Qualified Stock
Stock
Options
Non $43 02/08/2009 Common 600 D
Qualified Stock
Stock
Options
Non $51.1 02/14/2011 Common 432 D
Qualified Stock
Stock
Options
Incentive $19.675 02/12/2 A V 3367 02/12/2004 02/12/2013 Common 3367 $0.0000 3367 D
Stock 003 Stock
Options
Incentive $27 01/31/2006 Common 5000 D
Stock Stock
Options
Incentive $32.9375 02/09/2010 Common 2400 D
Stock Stock
Options
Incentive $33.9063 02/09/2007 Common 6000 D
Stock Stock
Options
Incentive $34.435 02/12/2012 Common 2941 D
Stock Stock
Options
Incentive $41.0938 02/01/2008 Common 645 D
Stock Stock
Options
Incentive $42.4063 04/26/2009 Common 900 D
Stock Stock
Options
Incentive $43 02/08/2009 Common 900 D
Stock Stock
Options
Incentive $51.1 02/14/2011 Common 2568 D
Stock Stock
Options
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/ James D. Dee
DATE
04/23/2003