Edgar Filing: SCHUSTER JAMES E

Form 3

FORM 3

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

OMB APPROVAL

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person* Schuster, James E.	2. Date of Event Requiring Statement Month/Day/Year 06/27/01	4. Issuer Name and Ticker or Trading Symbol Raytheon Company - RTN
(Last) (First) (Middle) 141 Spring Street	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer Other (give title below) (specify below) Executive Vice President	6. If Amendment, Date of Original (Month/Day/Year) 06/27/01
(Street) Lexington, MA 02421			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 Beneficially Owned

1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Common Stock	78,205	D
Common Stock	1,334.89⁽¹⁾	I	401(k)

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 5(b)(v).

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FORM 3 (continued)

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

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/ Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option	09/07/00	09/06/09	Common Stock	1,474	67.8125	D
Employee Stock Option	09/07/01	09/06/09	Common Stock	1,474	67.8125	D
Employee Stock Option	09/07/00	09/07/09	Common Stock	3,526	67.8125	D
Employee Stock Option	09/07/01	09/07/09	Common Stock	3,526	67.8125	D
Employee Stock Option	02/25/02	02/24/10	Common Stock	5,161	19.3750	D
Employee Stock Option	02/25/03	02/24/10	Common Stock	5,161	19.3750	D
Employee Stock Option	02/25/01	02/25/10	Common Stock	13,333	19.3750	D
Employee Stock Option	02/25/02	02/25/10	Common Stock	8,172	19.3750	D
Employee Stock Option	02/25/03	02/25/10	Common Stock	8,173	19.3750	D
Employee Stock Option	05/23/02	05/23/11	Common Stock	16,666	29.6850	D
Employee Stock Option	05/23/03	05/23/11	Common Stock	16,667	29.6850	D
Employee Stock Option	05/23/04	05/23/11	Common Stock	13,299	29.6850	D
Employee Stock Option	05/23/04	05/22/11	Common Stock	3,368	29.6850	D
Performance Stock Option	Varies ⁽²⁾	02/25/10	Common Stock	38,000	19.3750	D
Performance Stock Option	Varies ⁽³⁾	01/24/11	Common Stock	23,500	31.8150	D

Explanation of Responses:

(1) Based on funds in the Reporting Person's Savings and Investment Plan/Excess Savings Plan Account divided by $27.37, the closing price of the Issuer's Common Stock on June 27, 2001.
(2) The options become exercisable in three equal installments. The first installment became exercisable on August 25, 2000, upon the Issuer's Common Stock sustaining (for a period of twenty (20) consecutive trading days) a market price of at least $23.27 per share; the second installment became exercisable on October 30, 2000, upon the Issuer's Common Stock sustaining a market price of at least $27.91 per share; and the third installment becomes exercisable upon the date that the Issuer's Common Stock sustains a market price of at least $33.49 per share. Notwithstanding the foregoing vesting schedule, all shares under option shall become exercisable on the sixth anniversary of the grant date.
(3) The options become exercisable in three equal installments. The first installment becomes exercisable upon the date that the Issuer's Common Stock sustains (for a period of twenty (20) consecutive trading days) a market price of at least $36.59 per share; the second installment becomes exercisable upon the date that the Issuer's Common Stock sustains a market price of at least $42.08 per share; and the third installment becomes exercisable upon the date that the Issuer's Common Stock sustains a market price of at least $48.39 per share. Notwithstanding the foregoing vesting schedule, all shares under option shall become exercisable on the sixth anniversary of the grant date.

By: /s/ James E. Schuster
James E. Schuster
**Signature of Reporting Person

02/04/03
Date

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

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