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)

Date
Exercisable

Expiration
Date

Title          

Amount or
Number of
Shares

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.
< A NAME="F3">(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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