FORD MOTOR CO — Director's Dealing 2003

Jul 2, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORD MOTOR CO (F)
CIK: 0000037996
Period of Report: 2003-06-30

Reporting Person: FORD WILLIAM CLAY JR (Director, Chairman and CEO)

Footnotes

F1: This option was granted under the Company's 1998 Long-Term Incentive Plan without payment by me. The option becomes exercisable to the extent of 33% of the shares optioned after one year from the date of grant (06/30/2003), 66% after two years, and in full after three years.

F2: The reporting person also indirectly holds the following shares of Class B Stock: 19,986 by spouse - I disclaim benefical ownership of these shares; 84,143 by spouse as custodian - I disclaim beneficial ownership of these shares held by my wife as custodian for my children; and 3,289,952 by voting trust. I am a trustee of the voting trust which holds these shares for my benefit. I disclaim beneficial ownership of any other shares of Class B Stock in said voting trust.

F3: The reporting person indirectly holds the following shares of Common Stock: 75,338 by Company plan; 12,412 by spouse - I disclaim beneficial ownership of these shares; 52,655 by spouse as custodian - I disclaim beneficial ownership of these shares held by my wife as custodian for my children; and 186,964 by voting trust. I am a trustee of the voting trust which holds these shares for my benefit. I disclaim beneficial ownership of any other shares of Common Stock in said voting trust.

F4: The reporting person directly holds 2,716,387 shares of Common Stock; 2,286 Ford Stock Units based on Ford Common Stock; and 60,000 6.50% Cumulative Convertible Trust Preferred Securities issued by Ford Motor Company Capital Trust II, a Delaware business trust, and each trust preferred security is convertible, at the option of the holder, into 2.8249 shares of Ford Motor Company Common Stock. The reporting person also directly owns the following employee stock options to purchase Common Stock: 4,000,0es at $15.13 per share, execisable in three annual installments beginning on 1/31/2003 and expiring 1/30/2012.

F5: The reporting person also directly owns the following employee stock options to purchase Common Stock: 66,845 shares at $16.42 per share, execisable in three annual installments beginning on 3/28/2003 and expiring 3/27/2012; 206,044 shares at $7.40 per share, execisable in three annual installments beginning on 3/31/2004 and expiring 3/30/2013; 67,446 shares at $16.12 per share, execisable in three annual installments beginning on 6/28/2003 and expiring 6/27/2012; 140,978 shares at $9.68 per share, exe