BRUNSWICK CORP — Director's Dealing 2003

Sep 29, 2003

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BRUNSWICK CORP (BC)
CIK: 0000014930
Period of Report: 2003-09-22

Reporting Person: LOWE ALAN L (VP AND CONTROLLER)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$27.21	2013-09-22	Common Stock (5000)		Direct

Footnotes

F1: These are restricted stock units granted under the 2003 Stock Incentive 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.

F2: 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.

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