BRUNSWICK CORP — Director's Dealing 2003

Oct 27, 2003

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BRUNSWICK CORP (BC)
CIK: 0000014930
Period of Report: 2003-10-22

Reporting Person: WOLPERT STEPHEN M (PRESIDENT US MARINE)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14032	Direct
Common Stock	23	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$16.97	2011-10-01	Common Stock (8000)		Direct
Non-Qualified Stock Option (right to buy)	$21.83	2013-04-30	Common Stock (7000)		Direct
Non-Qualified Stock Option (right to buy)	$24.51	2012-02-05	Common Stock (6500)		Direct

Footnotes

F1: 1,373 shares restricted stock granted under the 1991 Stock Plan with right to have shares withheld to pay income taxes on lapse of restrictions. One-third of the grant will be distributed free of restrictions on each November 21, 2003, 2004, 2005.
7,000 shares are restricted stock units granted under the 1991 Stock Plan. These stock units vest three years from the date of grant. Upon lapse of restrictions the officer can elect to defer receipt and take delivery of the units in predetermined installments or elect to receive certificated shares.
5,174 shares are stock units held in the officer's elective deferred account and will be distributed in predetermined installments which can commence not sooner than three years after the date of deferral. Reported amount includes a 20 percent premium over grant amount based on officer's election to defer the award.

F2: Employee Stock Option granted under the 1991 Stock Plan with right to have shares withheld or to deliver previously acquired shares to pay income taxes on exercise of option.

F3: One-fourth of the total shares granted may be exercised on each of the first, second, third, and fourth anniversaries following grant date.

F4: Employee Stock Option granted under the 2003 Stock Incentive Plan with right to have shares withheld or to deliver previously acquired shares to pay income taxes on exercise of option.