PACCAR INC — Director's Dealing 2003

Jun 9, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PACCAR INC (PCAR)
CIK: 0000075362
Period of Report: 2003-06-05

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

Footnotes

F1: Holding unchanged. Transaction code and date are used to force the system to report the holding.

F2: Reporting Person also holds 16,037.42 shares of common stock in the PACCAR Savings Investment Plan as of March 5, 2003 - according to the most recent Plan statement available.

F3: Awarded pursuant to PACCAR Long Term Incentive Plan (LTIP).

F4: 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.

F5: 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.

F6: 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.

F7: Dividend on share units held in deferred phantom stock account under LTIP reinvested pursuant to LTIP.

F8: Fractional shares rounded to nearest 1/10th.

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.

F10: Dividend on share units held in deferred phantom stock account under PACCAR Deferred Incentive Compensation Plan (DICP) reinvested pursuant to DICP.