MODINE MANUFACTURING CO — Director's Dealing 2003

Mar 5, 2003

4 1 form4jrr-s30303.htm SALE OF STOCK Form 4

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(Print or Type Responses)

1. Name and Address of Reporting Person* Rulseh, J. R.	2. Issuer Name and Ticker or Trading Symbol Modine Manufacturing Company - MODI
								Director	10% Owner
							X	Officer (give title below)	Other (specify below)
							Group Vice President
(Last) (First) (Middle) Modine Manufacturing Company 1500 DeKoven Avenue	3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)		4. Statement for Month/Day/Year 3/03/03				7. Individual or Joint/Group Filing (Check Applicable Line)
			5. If Amendment, Date of Original (Month/Day/Year)				X	Form filed by One Reporting Person
(Street) Racine WI 53403								Form filed by More than One Reporting Person
(City) (State) (Zip)	Table I ¾ Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Trans- action Date (Month/ Day/ Year)	2A. Deemed Execution Date, if any (Month/ Day/ Year)	3. Trans- action Code (Instr.8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Owner- ship (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	3/03/03		S		1,400	D	15.38	25,134.5033 (1) (2) (3)	D
(1) Includes 8,623.2004 shares owned thru ESOP (2) Includes 973.3660 Units owned thru the Modine 401(k) Retirement Plan. Each Unit consists of Modine common stock and cash components (3) Includes 29.9369 Units owned thru the Modine Deferred Compensation Plan. Each Unit consists of Modine common stock and cash components

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FORM 4 (continued) — 1. Title of Derivative Security (Instr. 3)	Table II ¾ Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) — 2. Conver- sion or Exercise Price of Deri- vative Security	4. Trans- action Code (Instr.8)		5. Number of Deriv- ative Securities Ac- quired (A) or Dis- posed of (D) (Instr. 3, 4 and 5)		6. Date Exer- cisable and Expiration Date (Month/Day/ Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)	8. Price of Deriv- ative Secur- ity (Instr. 5)	9. Number of deriv- ative Secur- ities Bene- ficially Owned Follow- ing Reported Trans- action(s) (Instr. 4)	10. Owner- ship Form of Deri- vative Security: Direct (D) or Indirect (I) (Instr. 4)
		Code	V	(A)	(D)	Date Exer- cisable	Expira- tion Date	Title	Amount or Number of Shares
Options with tandem tax withholding rights	$30.00					1/19/ 1994	1/19 2004	Common Stock	5,000	5,000	D
Options with tandem tax withholding rights	$28.50					1/18 1995	1/18/ 2005	Common Stock	9,000	9,000	D
Options with tandem tax withholding rights	$22.75					1/17/ 1996	1/17/ 2006	Common Stock	8,000	8,000	D
Options with tandem tax withholding rights	$25.25					1/15/ 1997	1/15/ 2007	Common Stock	8,000	8,000	D
Options with tandem tax withholding rights	$33.9375					1/21/ 1998	1/21/ 2008	Common Stock	8,000	8,000	D
Options with tandem tax withholding rights	$33.25					1/20/ 1999	1/20 2009	Common Stock	8,000	8,000	D
Options with tandem tax withholding rights	$25.00					1/19/ 2000	1/19/ 2010	Common Stock	8,000	8,000	D
Options with tandem tax withholding rights	$23.25					1/17/ 2001	1/17/ 2011	Common Stock	9,000	9,000	D
Options with tandem tax withholding rights	$22.78					1/16/ 2002	1/16/ 2012	Common Stock	20,000	20,000	D
Options with tandem tax withholding rights	$18.53					1/06/ 2003	1/06/ 2013	Common Stock	11,200	11,200	D

Explanation of Responses:
The plans under which these options were granted, which complies with Rule 16b-3, allows for the provision of tax withholding rights. The Reporting Person is a participant in the Modine Employee Stock Ownership Plan (ESOP), Modine Common Stock Fund Units and the Modine Manufacturing Company Pension Trusts. The entities (with the exception of the Modine Common Stock Fund) are also Reporting Persons pursuant to Section 16(a) and files separate statements. Shares held by the Reporting Person in the Plan or Trust are reported on this Statement and on statements filed by the Plan.
		s/J. R. Rulseh	March 5, 2003
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations.	**Signature of Reporting Person	Date
	See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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