Edgar Filing: BOEING CO

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â CAVE MICHAEL J

2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2007

3. Issuer Name and Ticker or Trading Symbol
BOEING CO [BA]

(Last)

(First)

(Middle)

100 N. RIVERSIDE PLAZA,Â M/C 5003-1001

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
SVP, Bus. Dev. & Strategy

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

CHICAGO,Â ILÂ 60606

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common	14,508.45 ⁽¹⁾	D	Â
Common	72.48	I	By 401(k)
Common	9,698.44	I	Career Shares

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
2005 Performance Shares	Â ⁽²⁾	02/28/2010	Common	1,672.44	$ ⁽³⁾	D	Â
Boeing Stock Units ⁽⁴⁾	Â ⁽⁵⁾	Â ⁽⁵⁾	Common	3,901.62	$ ⁽⁶⁾	D	Â
Deferred Compensation Units	Â ⁽⁷⁾	Â ⁽⁷⁾	Common	5,300	$ ⁽⁸⁾	I	Deferred Compensation Stock Program
Stock Option (Right to Buy)	Â ⁽⁹⁾	02/27/2016	Common	10,800	$ 74.445	D	Â
Stock Option (Right to Buy)	Â ⁽¹⁰⁾	02/26/2017	Common	8,700	$ 89.645	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CAVE MICHAEL J 100 N. RIVERSIDE PLAZA M/C 5003-1001 CHICAGO,Â ILÂ 60606	Â	Â	Â SVP, Bus. Dev. & Strategy	Â

Signatures

By: /s/ Mark R. Pacioni as Attorney-in-Fact		11/02/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Represents a restricted stock unit award that vests in increments of 50% on each of 9/12/08 and 9/12/09.
(2)	2005 Performance Shares vest in the following installments when the average daily closing price of Boeing stock reaches, for a specified period, the following dollar levels: 15% at $74.49, 30% at $79.82, 45% at $85.14, 60% at $90.46, 75% at $95.78, 90% at $101.10, 100% at $106.42, 110% at $111.74, 120% at $117.06, and 125% at $119.72.
(3)	Performance shares convert into common stock on a 1-for-1 basis on vesting.
(4)	Boeing Stock Units (BSUs) are phantom stock units allocated to the reporting person's Boeing Stock Unit account under the Incentive Compensation Plan.
(5)	BSUs vest and are payable in cash or stock three years after the award is granted.
(6)	BSUs convert into common stock on a 1-for-1 basis if settled in stock.
(7)	Phantom stock units acquired by reporting person pursuant to the Company's Deferred Compensation Plan. Units are payable in stock or cash. Company match contributions are forfeited upon termination for any reason other than retirement, death, disability or layoff.
(8)	Phantom stock units are convertible into common stock on a 1-for-1 basis.
(9)	The options vest over a period of three years from the date of grant (February 27, 2006), with 34% vesting after the first year, on February 27, 2007, 33% vesting after the second year, on February 27, 2008, and 33% vesting after the third year, on February 27, 2009.
(10)	The options vest over a period of three years from the date of grant (February 26, 2007), with 34% vesting after the first year, on February 26, 2008, 33% vesting after the second year, on February 26, 2009, and 33% vesting after the third year, on February 26, 2010.

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