PACCAR INC — Director's Dealing 2003

Jul 30, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: TEMBREULL MICHAEL A (Director, VICE CHAIRMAN)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-29	COMMON STOCK	M	32519	$35.85	Acquired	46535	Direct
2003-07-29	COMMON STOCK	S	400	$72.64	Disposed	46135	Direct
2003-07-29	COMMON STOCK	S	800	$72.66	Disposed	45335	Direct
2003-07-29	COMMON STOCK	S	1300	$72.81	Disposed	44035	Direct
2003-07-29	COMMON STOCK	S	100	$72.82	Disposed	43935	Direct
2003-07-29	COMMON STOCK	S	1000	$72.83	Disposed	42935	Direct
2003-07-29	COMMON STOCK	S	300	$72.84	Disposed	42635	Direct
2003-07-29	COMMON STOCK	S	2300	$72.86	Disposed	40335	Direct
2003-07-29	COMMON STOCK	S	1600	$72.87	Disposed	38735	Direct
2003-07-29	COMMON STOCK	S	1600	$72.88	Disposed	37135	Direct
2003-07-29	COMMON STOCK	S	2300	$72.89	Disposed	34835	Direct
2003-07-29	COMMON STOCK	S	900	$72.91	Disposed	33935	Direct
2003-07-29	COMMON STOCK	S	3200	$72.92	Disposed	30735	Direct
2003-07-29	COMMON STOCK	S	3100	$73.00	Disposed	27635	Direct
2003-07-29	COMMON STOCK	S	300	$73.01	Disposed	27335	Direct
2003-07-29	COMMON STOCK	S	400	$73.04	Disposed	26935	Direct
2003-07-29	COMMON STOCK	S	400	$73.05	Disposed	26535	Direct
2003-07-29	COMMON STOCK	S	12519	$74.00	Disposed	14016	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-07-29	STOCK OPTION (right to buy)	$35.85	M	32519	Disposed	2009-04-27	COMMON STOCK (32519)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK (SIP)	21306.9	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
STOCK OPTION	$27.83	2010-01-25	COMMON STOCK (63915)	63915	Direct
STOCK OPTION	$34.42	2011-01-24	COMMON STOCK (57633)	57633	Direct
STOCK OPTION	$42.31	2012-01-23	COMMON STOCK (47934)	47934	Direct
STOCK OPTION	$47.10	2013-01-15	COMMON STOCK (44332)	44332	Direct
COMMON STOCK (LTIP)	$		COMMON STOCK (19682)	19682	Direct
COMMON STOCK (DICP)	$		COMMON STOCK (13150.3)	13150.3	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 (LTIP).

F3: Share units held in deferred phantom stock account under LTIP convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.

F4: Share units held in deferred phantom stock account under PACCAR Deferred Incentive Compensation Plan (DICP) convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.