Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Filed By
Romeo and Dye's
Section 16 Filer
www.section16.net

1. Name and Address of Reporting Person*

TEMBREULL MICHAEL A

2. Issuer Name and Ticker or Trading Symbol
PACCAR Inc (PCAR)

6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
X Director                                       10% Owner
X Officer (give title below)          Other (specify below)

VICE CHAIRMAN                                     

(Last)      (First)     (Middle)

777 106TH AVENUE NE
 

3. I.R.S. Identification Number
of Reporting Person,
if an entity (voluntary)

 

4. Statement for
Month/Day/Year
4/28/2003

(Street)

BELLEVUE, WA 98004

5. If Amendment,
Date of Original
(Month/Day/Year)
 		 7. 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 Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 3)

2. Trans-
action
Date
(Month/ Day/
Year)

2A. Deemed
Execution
Date,
if any
(Month/Day/
Year)

3. Trans-
action Code
(Instr. 8)

4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 & 5)

5. Amount of
Securities
Beneficially
Owned Follow-
ing Reported Transactions(s)
(Instr. 3 & 4)

6. Owner-
ship Form:
Direct (D)
or Indirect (I)
(Instr. 4)

7. Nature of Indirect
Beneficial Ownership
(Instr. 4)

Code

V

Amount

(A)
or
(D)

Price

COMMON STOCK (SIP)(1)

 

 

 

 

 

 

 

21,237.8(2)

D

 

COMMON STOCK

04/28/03

 

M

 

19,800

A

$35.67

 

 

 

COMMON STOCK

04/28/03

 

S

 

19,800

D

$58.65

14,016

D

 
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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FORM 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security

(Instr. 3)

2. Conver-
sion or
Exercise
Price of Derivative Security

3. Trans-
action Date

(Month/
Day/
Year)

3A. Deemed
Execution
Date,
if any
(Month/
Day/
Year)

4. Trans-
action
Code

(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 & 5)

6. Date Exercisable
and Expiration
Date
(Month/Day/
Year)

7. Title and Amount of Underlying Securities
(Instr. 3 & 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported Transaction(s)
(Instr. 4)

10. Owner-
ship Form
of Deriv-
ative
Security:
Direct (D)
or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

(A)

(D)

Date Exer-cisable

Expira-
tion
Date

Title

Amount or Number of
Shares

STOCK OPTION (right to buy)

$35.67

04/28/03

 

M

 

 

19,800

01/01/01

04/28/08

COMMON STOCK

37,676

 

17,876

D

 

STOCK OPTION

$35.85

 

 

 

 

 

 

01/01/02

04/27/09

COMMON STOCK

52,519

 

52,519

D

 

STOCK OPTION

$27.83

 

 

 

 

 

 

01/01/03

01/25/10

COMMON STOCK

63,915

 

63,915

D

 

STOCK OPTION

$34.42

 

 

 

 

 

 

01/01/04

01/24/11

COMMON STOCK

57,633

 

57,633

D

 

STOCK OPTION

$42.31

 

 

 

 

 

 

01/01/05

01/23/12

COMMON STOCK

47,934

 

47,934

D

 

STOCK OPTION

$47.10

 

 

 

 

 

 

01/01/06

01/15/13

COMMON STOCK

44,332

 

44,332

D

 

COMMON STOCK (LTIP)(3)

N/A

 

 

 

 

 

 

N/A

N/A

COMMON STOCK

19,619.5(2)

 

19,619.5(2)

D

 

COMMON STOCK (DICP)(4)

N/A

 

 

 

 

 

 

N/A

N/A

COMMON STOCK

13,108.5(2)

 

13,108.5(2)

D

 

Explanation of Responses:

(1) Shares held in PACCAR Savings Investment Plan (SIP).
(2) Fractional shares rounded to nearest 1/10.
(3) Share units held in deferred phantom stock account under PACCAR Long Term Incentive Plan (LTIP).
(4) Share units held in deferred phantom stock account under PACCAR Deferred Incentive Compensation Plan (DICP).
  By: /s/ M. A. Tembreull
              
**Signature of Reporting Person		 4/29/03
Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.
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