BRUNSWICK CORP — Director's Dealing 2004

Feb 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: BUCKLEY GEORGE W (Director, CHIEF EXECUTIVE OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-18	Common Stock	A	40000	—	Acquired	259780	Direct
2004-02-18	Common Stock	A	250000	—	Acquired	509780	Direct
2004-02-18	Common Stock	A	9879	$38.36	Acquired	519659	Direct
2004-02-18	Common Stock	A	35481	$38.36	Acquired	555140	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	55000	Acquired	2014-02-18	Common Stock (55000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	123	Indirect
Common Stock	326	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: These are restricted stock units granted under the 2003 Stock Plan. These stock units will vest on February 23, 2009. 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.

F3: These stock units are 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. These premium units will be forfeited if the original stock units are withdrawn for any reason prior to the third anniversary of the deferral date.

F4: These stock units are in the officer's mandatory deferred account and these stock units will be distributed as soon as possible after the officer's termination of employment with the Company.

F5: 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.

F6: One-fourth of the total shares granted may be exercised on each of the first, second, third, and fourth anniversaries following grant date.