1. Name and Address of Reporting Person
Ruttenberg, Eric M.
c/o Tinicum Investors LP
800 Third Avenue, 40th Floor
New York, NY 10022
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
4/2002
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner
( ) Officer (give title below) ( ) Other (specify below)
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 04/30/2002 A 647 A $0.0000 D
Common Stock 04/30/2002 M 1350 A $0.5000 6440 D
Common Stock 1528138 I Tinicum
Common Stock 200000 I Putnam Crafts
Common Stock 264622 I RIT
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 $0.5 04/30/2002 M 1350 06/01/1993 05/31/2002 Common 1350 $0.5000 0 D
Stock Options Stock
Non Qualified $0.5 05/31/2003 Common 1272 D
Stock Options Stock
Non Qualified $0.5 05/31/2004 Common 1416 D
Stock Options Stock
Non Qualified $0.5 05/31/2005 Common 1032 D
Stock Options Stock
Non Qualified $0.5 06/02/2006 Common 566 D
Stock Options Stock
Non Qualified $0.5 06/01/2007 Common 464 D
Stock Options Stock
Non Qualified $0.5 05/31/2008 Common 293 D
Stock Options Stock
Non Qualified $0.5 05/31/2009 Common 410 D
Stock Options Stock
Non Qualified $0.5 05/31/2010 Common 475 D
Stock Options Stock
Non Qualified $0.5 05/31/2011 Common 344 D
Stock Options Stock
Explanation of Responses:
These restricted shares were awarded as an incentive to the recipient and the
number awarded was calculated using the fair market value of the Company's
common stock on the award date. Restrictions on 20% of the shares awarded lapse
one year after the award date, and restrictions on the remainder of the shares
lapse in annual 20% increments thereafter.
SIGNATURE OF REPORTING PERSON
/s/ Eric M. Ruttenberg
DATE
05/10/2002