EMERSON ELECTRIC CO — Director's Dealing 2003

Jul 10, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EMERSON ELECTRIC CO (EMR)
CIK: 0000032604
Period of Report: 2003-07-08

Reporting Person: BERGES JAMES G (Director, President)

Footnotes

F1: Exercise of non-qualified stock options exempt under Rule 16b-3

F2: Exercise of incentive stock options exempt under Rule 16b-3.

F3: Payment of option exercise price by delivering securities: 1,788 shares delivered for exercise of non-qualified stock options; 5,636 shares delivered for exercise of incentive stock options.

F4: Payment of tax liability resulting from non-qualified stock option exercise by withholding securities.

F5: Other shares owned indirectly: 401(k) plan - 4,342; 401(k) excess plan - 4,129; son-custodial - 1,645; spouse - 36,646.

F6: The options vested in three annual installments beginning 11/2/1994.

F7: $0 has been inserted to satisfy the requirements to submit this form via the EDGAR system.