SEC Form 5
FORM 5

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

[ ]Form 3 Holdings Reported
[ ]Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

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(f) of the Investment Company Act of 1940
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OMB Number: 3235-0362
Expires: January 31, 2005
Estimated average burden
hours per response. . . . . 0.5
1. Name and Address of Reporting Person*
McDonnell, John     F.

(Last)                      (First)                      (Middle)
1034 South Brentwood Blvd.
Suite 1860

(Street)
St. Louis, MO     63117-1229

(City)                      (State)                      (Zip)

2. Issuer Name and Ticker
    or Trading Symbol

The Boeing Company   BA

3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)
4. Statement for
    (Month/Year)

    December 31, 2002


5. If Amendment,
    Date of Original
    (Month/Year)
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

           X          Director                           10% Owner
                        Officer                             Other

Officer/Other
Description                              

7. Individual or Joint/Group
    Filing (Check Applicable Line)

X   Individual Filing
      Joint/Group Filing
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security
    (Instr. 3)

2. Transaction Date
    (Month/Day/Year)
3. Transaction
    Code
    (Instr. 8)
4. Securities Acquired (A) or Disposed (D) Of
    (Instr. 3, 4, and 5)





        Amount      |         A/D         |         Price          
5. Amount of
    Securities
    Beneficially
    Owned at
    End of
    Issuer's Fiscal
    Year

    (Instr. 3 and 4)
6. Owner-
    ship
    Form:
    Direct(D)
    or
    Indirect (I)

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

    (Instr. 4)
Common
05/09/2002
G
100,000.00   |           D           |                        

D

Common
06/04/2002
G
34,024.00   |           D           |                      

D

Common
06/06/2002
G
2,258.00   |           D           |                    

D

Common
11/14/2002
G
619.00   |           D           |                

D

Common
12/12/2002
G
20,150.00   |           D           |                      

D

Common
12/13/2002
G
55,380.00   |           D           |                      

D

Common
12/20/2002
G
1,165.00   |           D           |                    
77,020.00 (1)
D

Common
05/09/2002
G
100,000.00   |           A           |                        
171,638.00
I
Family Trust 01
Common


166,122.44
I
Boeing 401(k) Plan
Common


119,558.00
I
Family Trust 02
Common


111,189.00
I
Family Trust 03
Common


227,159.00
I
Family Trust 04
Common


234,795.00
I
Family Trust 05
Common


111,189.00
I
Family Trust 06
Common


227,159.00
I
Family Trust 07
Common


234,795.00
I
Family Trust 08
Common


111,189.00
I
Family Trust 09
Common


227,159.00
I
Family Trust 10
Common


111,189.00
I
Family Trust 11
Common


220,825.00
I
Family Trust 12
Common


227,159.00
I
Family Trust 13
Common


111,189.00
I
Family Trust 14
Common


220,825.00
I
Family Trust 15
Common


227,159.00
I
Family Trust 16
Common


21,700.00
I
Family Trust 22
Common


715,515.00
I
Family Trust 24
Common


473,368.00
I
Family Trust 25
Common


230,806.00
I
Family Trust 26
Common


1,200,000.00
I
Family Trust 27
Common


700,000.00
I
Family Trust 28







If the form is filed by more than one reporting person, see instruction 4(b)(v).
(over)
SEC 2270 (3-99)

McDonnell, John F. - December 31, 2002
Form 5 (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
    Deri-
    vative
    Security
3. Transaction
    Date

    (Month/
    Day/
    Year)
4. Transaction
    Code
5. Number of Derivative
    Securities Acquired (A)
    or Disposed (D) Of

    (Instr. 3,4 and 5)
6. Date Exercisable(DE) and
    Expiration Date(ED)
    (Month/Day/Year)






  (DE)     |     (ED)  
7. Title and Amount of
    Underlying Securities
    (Instr. 3 and 4)
8. Price
    of
    Derivative
    Security
    (Instr.5)
9. Number of
    Derivative
    Securities
    Beneficially
    Owned
    at End of
    Year
    (Instr.4)
10.
Owner-
ship
Form of
Deriv-
ative
Security:
Direct
(D)
or
Indirect
(I)
11. Nature of
      Indirect
      Beneficial
      Ownership
      (Instr.4)
Phantom Stock Units
1 for 1 01/02/2002
A
    (A) 423.75
Common - 423.75

D

Phantom Stock Units
1 for 1 01/02/2002
A
    (A) 105.94
Common - 105.94
4,953.45
D












Explanation of Responses :
See attached statement

** 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. If space is insufficient,
            See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB number.
/s/ John F. McDonnell                                       01/24/2003
** Signature of Reporting Person                         Date

John F. McDonnell


Page 2
SEC 2270 (3-99)

McDonnell, John F. - December 31, 2002
Form 5 (continued)
FOOTNOTE Descriptions for The Boeing Company BA

Form 5 - December 31, 2002

John F. McDonnell
1034 South Brentwood Blvd.
Suite 1860
St. Louis, MO 63117-1229

Explanation of responses:

(1)   The reporting person has contributed 230,806 shares to new Family Trust 26, 1,200,000 shares to new Family Trust #27 and 700,000 shares to new Family Trust #28. Family Trust #27 and #28 are grantor retained annuity trusts for which the reporting person is sole trustee and income beneficiary. For the period 1/1/02 through 12/31/02, the reporting person has had distributed back to him a total of 2,411,117 shares. Said shares had been previously owned indirectly through grantor retained annuity trusts of which the reporting person is sole trustee and income beneficiary.
Page 3