BRUNSWICK CORP — Director's Dealing 2004

Feb 21, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRUNSWICK CORP (BC)
CIK: 0000014930
Period of Report: 2004-02-18

Reporting Person: LOCKRIDGE BILLY RUSSELL (VP & CHIEF HUMAN RES OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-18	Common Stock	A	6000	—	Acquired	41239	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-18	Non-Qualified Stock Option (right to buy)	$38.36	A	7000	Acquired	2014-02-18	Common Stock (7000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	82	Indirect

Footnotes

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

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.