TEREX CORP — Director's Dealing 2003

Dec 17, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEREX CORP (TEX)
CIK: 0000097216
Period of Report: 2003-12-15

Reporting Person: DEFEO RONALD M (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-15	Common Stock, par value $.01	P	19	$25.87	Acquired	454834	Direct
2003-12-15	Common Stock, par value $.01	P	21	$26.98	Acquired	454855	Direct
2003-12-16	Common Stock, par value $.01	M	13710	$4.25	Acquired	468565	Direct
2003-12-16	Common Stock, par value $.01	F	2252	$25.87	Disposed	466313	Direct
2003-12-16	Common Stock, par value $.01	F	1721	$26.91	Disposed	464592	Direct
2003-12-15	Common stock, par value $.01	I	0	—	Acquired	3076	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-16	Employee Stock Option (right to buy)	$4.25	M	13710	Disposed	2005-12-13	Common Stock, par value $.01 (13710)	Direct

Footnotes

F1: Shares purchased through payroll deductions through Company's deferred compensation plan.

F2: Represent shares beneficially owned as of December 15, 2003.

F3: Shares purchased through payroll deductions through the Company's employee stock purchase plan.

F4: represent shares beneficially owned as of December 16, 2003.