-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 5 WASHINGTON, D.C. 20549 OMB APPROVAL
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/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0362
LONGER SUBJECT TO EXPIRES: DECEMBER 31, 2001
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 1.0
CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 -----------------------------
INSTRUCTION 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name AND Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
to Issuer
(Check all applicable)
Director 10% Owner
Turner C. Phillip Woodward Governor Company WGOV ---- ---
--------------------------------------------------------------------------------------------- X Officer (give Other
(Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for ---- title --- (specify
Number of Reporting Month/Year below) below)
Person, if an entity September 2001 Vice President
(voluntary)
5001 North Second Street
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(Street) 5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check Applicable Line)
(Month/Year) X Form filed by One Reporting Person
---
Form filed by More than One
---
Rockford IL 61125-7001 Reporting Person
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(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (A) or (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
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Woodward Governor Company 12,000 D
Common Stock
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Woodward Governor Company 20,456 I Stock Plan
Common Stock
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the Form is filed by more than one reporting person, SEE Instruction 4(b)(v).
FORM 5 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex-
Exercise Date (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ posed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
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Date Expira-
----------------------------------- Exer- tion
cisable Date
Code V (A) (D)
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Nonqualified Stock Option $16.625 01/10/1996 11/18/1996 01/17/2006
(right to buy)
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Nonqualified Stock Option $23.50 11/18/1996 11/18/1996 11/17/2006
(right to buy)
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Nonqualified Stock Option $32.25 11/17/1996 11/17/1997 11/16/2007
(right to buy)
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Nonqualified Stock Option $32.00 01/14/1998 01/14/1998 01/13/2008
(right to buy)
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Nonqualified Stock Option $22.00 11/16/1998 11/16/1998 11/15/2008
(right to buy)
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Nonqualified Stock Option $24.75 11/16/1999 11/15/2000(b) 11/15/2009
(right to buy)
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Nonqualified Stock Option $22.00 03/21/2000 M 4,000 11/16/1998 11/15/2008
(right to buy)
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Nonqualified Stock Option $41.813 11/21/2000 11/20/2001(b) 11/20/2010
(right to buy)
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Phantom Stock Units 1-for-1 11/21/2000 (1) (1)
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7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Nature
lying Securities of of Deriv- ship of In-
(Instr. 3 and 4) Deriv- ative Form direct
ative Securi- of De- Bene-
Secur- ties rivative ficial
ity Bene- Secu- Own-
(Instr. ficially rities ership
5) Owned Beneficially (Instr. 4)
at End Owned at
Amount or of End of
Title Number of Month Month
Shares (Instr. 4) (Instr. 4)
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Common Stock 9,980(a) 9,980 D
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Common Stock 17,600(b) 27,580 D
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Common Stock 18,046(a) 45,626 D
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Common Stock 6,782(a) 52,408 D
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Common Stock 20,000(a) 72,408 D
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Common Stock 15,000(a) 87,408 D
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Common Stock 83,408 D
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Common Stock 5,000(a) 88,408 D
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Common Stock 6,028 94,436 D
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Explanation of Responses:
(a) Grant to reporting person of option to buy shares of common stock under the Woodward
Governor Company 1996 Long-Term Incentive Compensation Plan is an exempt transaction
under Rule 16b-3.
(b) Shares become exercisable at the rate of 25% per year beginning one year from date of
grant.
(1) The phantom stock units were accrued under the Woodward Governor Company Unfunded
Deferred Compensation Plan No. 2 and are to be settled in 100% cash upon separation
from the Company.
C. Phillip Turner November 9, 2001
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**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
beneficially owned directly or indirectly.
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, SEE Instruction 6 for procedure.