SEC Form 4

FORM 4
[ ] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person^* DeBoer, Sidney     B. (Last)                      (First)                      (Middle) 360 E. Jackson St.
(Street) Medford, OR     97501 (City)                      (State)                      (Zip)
2. Issuer Name and Ticker
    or Trading Symbol
Lithia Motors, Inc.   LAD 3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary) 4. Statement for
    (Month/Year)
    December 4, 2002
5. If Amendment,
    Date of Original
    (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
           X          Director              X          10% Owner            X          Officer                             Other
Officer/Other Description           Chairman and CEO 7. Individual or Joint/Group
    Filing (Check Applicable Line)
X   Individual Filing       Joint/Group Filing

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security     (Instr. 3)	2. Transaction Date     (Month/Day/Year)	3. Transaction     Code     and     Voluntary     Code     (Instr. 8) Code  |  V	4. Securities Acquired (A) or Disposed (D) Of     (Instr. 3, 4, and 5)         Amount      |         A/D         |         Price	5. Amount of     Securities     Beneficially     Owned at     End ofMonth     (Instr. 3 and 4)	6. Owner-     ship     Form:     Direct(D)     or     Indirect (I)     (Instr. 4)	7. Nature of      Indirect      Beneficial      Ownership     (Instr. 4)
Class A Common	06/04/2002	M4 |	728.00   |           A           |   $1.00		D
Class A Common	06/04/2002	M4 |	12,000.00   |           A           |   $16.23	13,455.00	D
Class A Common				10,325.00	I	By 401(k)
Class A Common				280.00	I	By Spouse in Joint Ownership with Mother (1)
Class A Common				145,500.00	I	Deboer Family, LLC (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

(over)
SEC 1474 (3-99)

DeBoer, Sidney B. - December 4, 2002

Form 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security     (Instr. 3)	2. Conver-     sion or     Exercise     Price of     Deri-     vative     Security	3. Transaction     Date     (Month/     Day/     Year)	4. Transaction     Code     and     Voluntary (V)     Code     (Instr.8) Code | V	5. Number of Derivative     Securities Acquired (A)     or Disposed (D) Of     (Instr. 3,4 and 5)	6. Date Exercisable(DE) and     Expiration Date(ED)     (Month/Day/Year)   (DE)     |     (ED)	7. Title and Amount of     Underlying Securities     (Instr. 3 and 4)	8. Price     of     Derivative     Security     (Instr.5)	9. Number of     Derivative     Securities     Beneficially     Owned     at End of     Month     (Instr.4)	10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I)	11. Nature of       Indirect       Beneficial       Ownership       (Instr.4)
Stock Option (1997sd) (NQ) (right to buy)	$1.00	06/04/2002	M4 |	(D) 728.00	(3) | 12/31/2005	Class A Common - 728.00		0.00	D
Stock Option (1998sd) (ISO) (right to buy)	$16.23	06/04/2002	M4 |	(D) 12,000.00	01/01/1998 | 12/31/2002	Class A Common - 12,000.00		0.00	D
Class B Common	$0.00				N/A | N/A	Class A Common - 3,762,231.00		3,762,231.00	I	Interest owned by a LLC (4)
Stock Option (1999sd) (ISO) (right to buy)	$18.15				(5) | 01/01/2004	Class A Common - 12,000.00		12,000.00	D
Stock Option (2000sd) (ISO) (right to buy)	$18.43				(6) | 01/06/2005	Class A Common - 9,990.00		9,990.00	D
Stock Option (2000sd) (NQ) (right to buy)	$16.75				(7) | 01/06/2010	Class A Common - 22,010.00		22,010.00	D
Stock Option (2001) (ISO) (right to purchase)	$12.99				12/26/2000 | 12/26/2005	Class A Common - 7,494.00		7,494.00	D
Stock Option (2001) (NQ) (right to buy)	$1.00				12/26/2005 | 12/26/2010	Class A Common - 16,000.00		16,000.00	D
Stock Option (2001nq) (right to buy)	$19.24				12/26/2006 | 12/26/2011	Class A Common - 16,000.00		16,000.00	D
Stock Option (2001sd) (NQ) (right to purchase)	$11.81				(8) | 12/26/2010	Class A Common - 31,788.00		31,788.00	D

Explanation of Responses :

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
        See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient,
            See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB number.
/s/ Cliff E. Spencer_________________            12-04-2002    
** Signature of Reporting Person                         Date

Cliff E. Spencer, Attorney in Fact for
Sidney B. DeBoer
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SEC 1474 (3-99)

DeBoer, Sidney B. - December 4, 2002

Form 4 (continued)

FOOTNOTE Descriptions for Lithia Motors, Inc. LAD

Form 4 - December 4, 2002

Sidney B. DeBoer
360 E. Jackson St.
Medford, OR 97501

Explanation of responses:

(1)   These shares are beneficially owned by reporting person's Mother-in-law in a joint acount with reporting person's spouse and reporting person disclaims any
         beneficial ownership of these shares

(2)   Sidney B. Deboer is the trustee of the Sidney B. DeBoer Trust, which is the owner of a majority interest in the LLC and is the sole manager of the LLC

(3)   The options vest as to 20% of the total grant on the date of grant and 20% each anniversary date thereafter.

(4)   Mr. DeBoer, through DeBoer Family, LLC, of which he is the sole manager, owns a majority interest in Lithia Holding Company, LLC, of which he is also the sole manager; and he has elected
         to report all Class B Common Stock owned by the Lithia Holding Company, LLC as being beneficially owned by him.

(5)   The options vest as follows: 292 on 1/1/00, 5,509 on 1/1/01, 5,508 on 1/1/02 and 691 on 1/6/03.

(6)   The options vest as follows: 4,745 on 1/6/03 and 5,245 on 1/6/04.

(7)   The options vest as follows: 13,627 on 1/6/01 and 8,383 on 1/6/02.

(8)   The options vest 8,360 shares on 12/26/00, 2,108 on 12/26/02, 10,565 on 12/26/03 and 10,755 on 12/26/04

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