4 1 NYSE0001019458 Director ONEOK, Inc. 000103968473-1520922 01/24/03 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) Bell, William M. 100 W. Fifth Street Tulsa, OK 74103 2. Issuer Name and Ticker or Trading Symbol ONEOK, Inc. (OKE) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Day/Year 1/24/2003 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) Director 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) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $.0.01 3,018 I By Defined Benf. Pl. Common Stock, par value $.0.01 250 I IRA Common Stock, par value $.0.01 1,467 I by Bell Family Tr ust Common Stock, par value $.0.01 1,332 D Direct Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock Option $17.0450 01/17/12 (right to buy) Non-Qualified Stock Option $17.2750 01/23/03 A 10,000 (1) 01/23/13 (right to buy) Non-Qualified Stock Option $23.6400 01/25/11 (right to buy) Phantom Stock (2) $0.0000 01/22/03 A (3) 17 Phantom Stock (2) $0.0000 01/23/03 A (4) 500 Phantom Stock (2) $0.0000 01/23/03 A (4) 724 Phantom Stock (2) $0.0000 01/23/03 A (4) 202 Phantom Stock (2) $0.0000 01/23/03 A (3) 44 Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Month ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock Option Common Stock, par value $.0.01 10,000 10,000 D Direct (right to buy) Non-Qualified Stock Option 01/23/03 Common Stock, par value $.0.01 10,000 10,000 D Direct (right to buy) Non-Qualified Stock Option Common Stock, par value $.0.01 10,000 10,000 D Direct (right to buy) Phantom Stock (2) 01/22/03 Common Stock, par value $.0.01 17 $17.1950 D Direct Phantom Stock (2) 01/23/03 Common Stock, par value $.0.01 500 $17.2750 D Direct Phantom Stock (2) 01/23/03 Common Stock, par value $.0.01 724 $17.2750 D Direct Phantom Stock (2) 01/23/03 Common Stock, par value $.0.01 202 $17.2750 D Direct Phantom Stock (2) 01/23/03 Common Stock, par value $.0.01 44 $17.2750 10,803 D Direct Explanation of Responses: (1) This option is granted under the ONEOK, Inc. Stock Compensation Plan for Non-Employee Directors and vests in full one year from the date of grant (01/23/04). (2) Shares of phantom stock are convertible into Issuer common stock on a 1-for-1 ratio. (3) Board and/or Board Committee meeting fees elected to be deferred to phantom stock under the Issuer's Deferred Compensation Plan for Non-Employee Directors and to be issued at determination date under the Issuer's Long-Term Incentive Plan. (4) Annual cash and/or stock retainer elected to be defered to phantom stock under the ONEOK, Inc. Long-Term Incentive Plan. SIGNATURE OF REPORTING PERSON /S/ By: Eric Grimshaw, Attorney in Fact For: William M. Bell DATE 01/24/03