SEC Form 4
FORM 4

[ ] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b).
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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1. Name and Address of Reporting Person*
Bain, Douglas     G.
(Last)                      (First)                      (Middle)
The Boeing Company
P. O. Box 3707, M/C 13-08
(Street)
Seattle, WA     98124
(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)

    November 20, 2002

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

                        Director                           10% Owner
           X          Officer                             Other

Officer/Other
Description           Senior Vice President - General Counsel
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
    and
    Voluntary
    Code
    (Instr. 8)

Code  |  V    
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 Month

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

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

    (Instr. 4)
Common 11/19/2002
   M |     
1,700.0000   |           A           |   $17.25          
 5,497.8800
D
Common 02/25/2002
   A | V  
1,698.0000   |           A           |                        
 6,409.2000
I
 Career Shares







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).

(over)
SEC 1474 (3-99)

Bain, Douglas G. - November 2002
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
    Deri-
    vative
    Security 		3. Transaction
    Date

    (Month/
    Day/
    Year) 		4. Transaction
    Code
    and
    Voluntary (V)
    Code
    (Instr.8)





Code | V    
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
    Month
    (Instr.4) 		10.
Owner-
ship
Form of
Deriv-
ative
Security:
Direct
(D)
or
Indirect
(I) 		11. Nature of
      Indirect
      Beneficial
      Ownership
      (Instr.4)
2002 Performance Shares
 $0.00 02/25/2002
   A | V  
     (A) 38,209.0000
Common - 38,209.0000
38,536.1700
D
Boeing Stock Units
 $0.00 03/08/2002
   A | V  
     (A) 3,421.8200
(1) |
Common - 3,421.8200
10,153.7900
D
Deferred Compensation Units
 $0.00 03/08/2002
   A | V  
     (A) 1,282.9000
Common - 0.0000

I
 Deferred Compensation Stock Program
Deferred Compensation Units
 $0.00 03/08/2002
   A | V  
     (A) 5,131.6100
Common - 0.0000
41,844.8600
I
 Deferred Compensation Stock Program
Option (Right to Buy) 88-24
 $17.25 11/19/2002
   M |     
    (D) 1,700.0000
(2) | 02/26/2003
 Common - 1,700.0000 $17.25 2,600.0000
D











Explanation of Responses :


** 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/James C. Johnson, POA
________________________________            November 20, 2002    
** Signature of Reporting Person                         Date

James C. Johnson, POA
Douglas G. Bain


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SEC 1474 (3-99)
Bain, Douglas G. - November 20, 2002
Form 4 (continued)
FOOTNOTE Descriptions for The Boeing Company BA

Form 4 - November 20, 2002

Douglas G. Bain
The Boeing Company
P. O. Box 3707, M/C 13-08
Seattle, WA 98124
Explanation of responses:

 (1)   Phantom stock units allocated to the reporting persons Boeing Stock Unit (BSUs) account under the Incentive Compensation Plan. BSUs vest and are payable in cash or stock three years after the award.
(2)   Options become exercisable approximately 40% on the 1st anniversary and 30% on each of the 3rd and 5th anniversary of the grant date.
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