PACCAR INC — Director's Dealing 2003

Jul 3, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PACCAR INC (PCAR)
CIK: 0000075362
Period of Report: 2003-07-02

Reporting Person: HOVIND DAVID J (Director, VICE CHAIRMAN)

Footnotes

F1: June 5, 2002 dividend on PACCAR Savings Investment Plan (SIP) shares reinvested pursuant to SIP. SIP information based on most recent report from SIP Trustee - received July 2, 2002.

F2: Fractional shares rounded to nearest 1/10.

F3: Reporting Person also holds 14,944 shares of common stock outside SIP.

F4: Holding unchanged. Transaction code and date are used to force the system to report the holding.

F5: Awarded pursuant to PACCAR Long Term Incentive Plan (LTIP).

F6: Also held in name of Reporting Person but beneficially owned by former spouse: option to purchase 24,631 shares of Common Stock at $24.42 per share exercisable January 1, 2000 and expiring April 29, 2007.

F7: Reporting Person has additional options to purchase Common Stock as follows: 47,934 shares at $42.31 exercisable January 1, 2005 and expiring January 23, 2012; 44,053 shares at $47.10 exercisable January 1, 2006 and expiring January 15, 2013.

F8: 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.

F9: Share units held in deferred phantom stock account under DICP convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.