1. Name and Address of Reporting Person
Cross, Thomas S.
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)
Corp VP - 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- |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 04/17/2003 J V 150 A $0.0000 731 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 600 02/12/2004 02/12/2013 Common 600 $0.0000 600 D
Qualified 003 Stock
Stock
Options
Non $32.9375 02/09/2010 Common 161 D
Qualified Stock
Stock
Options
Non $34.435 02/12/2012 Common 830 D
Qualified Stock
Stock
Options
Non $51.1 02/14/2011 Common 519 D
Qualified Stock
Stock
Options
Incentive $19.675 02/12/2 A V 2400 02/12/2004 02/12/2013 Common 2400 $0.0000 2400 D
Stock 003 Stock
Options
Incentive $27 01/31/2006 Common 2000 D
Stock Stock
Options
Incentive $32.9375 02/09/2010 Common 2339 D
Stock Stock
Options
Incentive $33.9062 02/09/2007 Common 2000 D
Stock Stock
Options
Incentive $34.435 02/12/2012 Common 1670 D
Stock Stock
Options
Incentive $39.2188 07/13/2009 Common 5000 D
Stock Stock
Options
Incentive $41.0937 02/01/2008 Common 1500 D
Stock Stock
Options
Incentive $43 02/08/2009 Common 1500 D
Stock Stock
Options
Incentive $51.1 02/14/2011 Common 1981 D
Stock Stock
Options
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
04/23/2003