U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
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
[ ] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
DeFeo Ronald M.
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(Last) (First) (Middle)
500 Post Road East, Suite 320
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(Street)
Westport CT 06880
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Terex Corporation - (TEX)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
3/13/03
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Chief Executive Officer, President and Chairman of the Board
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7. Individual or Joint/Group Filing (Check applicable line)
[x] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5. 6.
4. Amount of Owner-
Securities Acquired (A) or Securities ship
3. Disposed of (D) Beneficially Form: 7.
Transaction (Instr. 3, 4 and 5) Owned follow- Direct Nature of
2. Code ------------------------------- ing Reported (D) or Indirect
1. Transaction (Instr. 8) (A) Transaction Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Common stock, par value $.01 3/13/03 A 75,000(1) A (1) 472,033(2) D
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2,744(2) I 401(k)plan
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Response) (Over)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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9. 10.
Number Owner-
of ship
Deriv- Form
2. ative of
Conver- 5. 7. Secur- Deriv- 11.
sion Number of Title and Amount ities ative Nature
or Derivative 6. of Underlying 8. Bene- Secur- of
Exer- 4. Securities Date Securities Price ficially ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Owned Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Following (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity action (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Employee Stock Option
Right to Buy (3) 3/13/03 A 50,000 3/13/04 3/13/13 Common 50,000 11.17 50,000 D
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Explanation of Responses:
(1) Granted pursuant to the Company's Long-Term Incentive Plan. This grant
shall vest as follows: (1) 50,000 shares shall vest immediately if at any time
before March 13, 2008, the closing stock price of the Company reflects a 100%
increase over the March 12, 2003 closing price and (2) 25,000 shares shall vest
immediately if at any time before March 13, 2008, the closing stock price of
the Company reflects a 125% increase over the March 12, 2003 closing price.
Should these events not occur by March 13, 2008, the award shall expire
without vesting.
(2) Number of shares beneficially owned as of March 13, 2003.
(3) Options awarded pursuant to the Company's Long-Term Incentive Plan
with the awards vesting in equal portions over a four-year period beginning
March 13, 2004.
/s/ Ronald M. DeFeo 03/13/03
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**Signature of Reporting Person Date
** 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 provided is insufficient, see Instruction 6 for procedure.
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