1. Name and Address of Reporting Person
Shockley, William M.
7 Crimson Leaf Drive
Newtown, PA 18940
2. Issuer Name and Ticker or Trading Symbol
SPS TECHNOLOGIES, INC. (ST)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
2/2002
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
Vice President, Chief Financial Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
+---------------------------------+----------+-------------+-----------------------------+----------------+-----------+------------+
|1. Title of Security |2. Trans- |3. Trans- |4. Securities Acquired (A) |5. Amount of |6. Owner- |7. Nature |
| | action | action | or Disposed of (D) | Securities | ship | of In- |
| | Date | Code | | Beneficially | Form: | direct |
| | | | | Owned at | Direct | Bene- |
| | (Month/ | | | End of | (D) or | ficial |
| | Day/ +-------+-----+-----------+------+----------+ Month | Indirect| Owner- |
| | Year) |Code |V |Amount |A/D |Price | | (I) | ship |
+---------------------------------+----------+-------+-----+-----------+------+----------+----------------+-----------+------------+
Common Stock 02/22/2002 M 10000 A $14.2188 D
Common Stock 02/22/2002 S -10000 D $35.9150 14892 D
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+-------------+--------+----------+---------+-----------+---------------------+----------------+----------+--------+-------+-------+
|1. |2. |3. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | |Number |Owner- | |
| | | | | | | | |of |ship | |
| | | | | | | | |Deriv- |Form of| |
| | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | |of Underlying | |Secur- |ative |Nature |
| |Conver- | | |Number of | |Securities | |ities |Secur- |of |
| |sion or | | |Derivative |Date Exercisable +-------+--------+ |Benefi- |ity: |In- |
| |Exercise| | |Securities |and Expiration Date | |Amount | |cially |Direct |direct |
| |Price of|Transac- |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |tion Date |tion Code|Disposed(D)+----------+----------+ |Number |Price of |at End |In- |ficial |
|Derivative |ative |(Month/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative|of |direct |Owner- |
|Security |Security|Day/Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security |Month |(I) |ship |
+-------------+--------+----------+------+--+-----+-----+----------+----------+-------+--------+----------+--------+-------+-------+
Non Qualified $14.2188 02/22/2002 M 10000 02/07/1996 02/06/2005 Common 10000 $14.2188 0 D
Stock Options Stock
Non Qualified $27 01/31/2006 Common 2110 D
Stock Options Stock
Non Qualified $32.9375 02/09/2010 Common 4800 D
Stock Options Stock
Non Qualified $33.9063 02/09/2007 Common 4000 D
Stock Options Stock
Non Qualified $34.435 02/13/2002 A V 12095 02/13/2003 02/12/2012 Common 12095 $0.0000 12095 D
Stock Options Stock
Non Qualified $36.125 10/11/2009 Common 10185 D
Stock Options Stock
Non Qualified $41.0938 02/01/2008 Common 4000 D
Stock Options Stock
Non Qualified $42.4063 04/26/2009 Common 600 D
Stock Options Stock
Non Qualified $43 02/08/2009 Common 600 D
Stock Options Stock
Non Qualified $51.1 02/14/2011 Common 6861 D
Stock Options Stock
Incentive $19.75 07/24/2005 Common 9000 D
Stock Options Stock
Incentive $27 01/31/2006 Common 3890 D
Stock Options Stock
Incentive $32.9375 02/09/2010 Common 1200 D
Stock Options Stock
Incentive $34.435 02/13/2002 A V 2905 02/13/2006 02/12/2012 Common 2905 $0.0000 2905 D
Stock Options Stock
Incentive $36.125 10/11/2009 Common 4815 D
Stock Options Stock
Incentive $42.4063 04/26/2009 Common 2400 D
Stock Options Stock
Incentive $43 02/08/2009 Common 2400 D
Stock Options Stock
Incentive $51.1 02/14/2011 Common 3139 D
Stock Options Stock
Explanation of Responses:
These options were granted as an incentive to the recipient and the number
granted was calculated using the fair market value of the Company's common stock
on the grant date. 20% of the options granted become exercisable one year
after the grant date,and the remainder become exercisable in annual 20%
increments thereafter.
SIGNATURE OF REPORTING PERSON
/s/ William M. Shockley
DATE
03/08/2002