PACCAR INC — Director's Dealing 2003

Jul 31, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PACCAR INC (PCAR)
CIK: 0000075362
Period of Report: 2003-07-29

Reporting Person: GANGL KENNETH R (VP, FINANCIAL SERVICES)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-29	COMMON STOCK	M	10000	$27.83	Acquired	10750	Direct
2003-07-29	COMMON STOCK	S	10000	$73.76	Disposed	750	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-07-29	STOCK OPTION (right to buy)	$27.83	M	10000	Disposed	2010-01-25	COMMON STOCK (14061)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK (SIP)	805.8	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
STOCK OPTION	$34.42	2011-01-24	COMMON STOCK (12910)	12910	Direct
STOCK OPTION	$42.31	2012-01-23	COMMON STOCK (10737)	10737	Direct
STOCK OPTION	$47.10	2013-01-15	COMMON STOCK (9837)	9837	Direct

Footnotes

F1: Shares held in PACCAR Savings Investment Plan (SIP). SIP information based on most recent report from SIP Trustee.

F2: Awarded pursuant to PACCAR Long Term Incentive Plan.