1. Name and Address of Reporting Person
Zminda, Margaret B.
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)
Treas, Asst Sec, & Dir Inv Rel
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 748 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 $32.9375 02/09/2010 Common 509 D
Qualified Stock
Stock
Options
Non $34.435 02/12/2012 Common 499 D
Qualified Stock
Stock
Options
Non $49.2813 10/26/2008 Common 230 D
Qualified Stock
Stock
Options
Non $51.1 02/14/2011 Common 608 D
Qualified Stock
Stock
Options
Incentive $19.675 02/12/2 A V 3000 02/12/2004 02/12/2013 Common 3000 $0.0000 3000 D
Stock 003 Stock
Options
Incentive $32.9375 02/09/2010 Common 1991 D
Stock Stock
Options
Incentive $33.9063 02/09/2007 Common 3000 D
Stock Stock
Options
Incentive $34.435 02/12/2012 Common 2001 D
Stock Stock
Options
Incentive $41.0938 02/01/2008 Common 2000 D
Stock Stock
Options
Incentive $49.2813 10/26/2008 Common 4770 D
Stock Stock
Options
Incentive $51.1 02/14/2011 Common 1892 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/ Margaret B. Zminda
DATE
04/23/2003