4 2003-06-30 0 0000315189 DEERE & CO DE 0001055711 BLOCK JOHN R 1 0 0 0 Phantom Stock Units 0 2003-06-30 4 A 0 382.932 45.7 A 1988-08-08 1988-08-08 Common Stock 382.932 11313 D The security converts to common stock on a one-for-one basis. The phantom stock units were accured under the Issuer's Nonemployee Director Deferred Compensation Plan and are to be settled solely in cash beginning in the calendar year following the reporting person's retirement from the Issuer's Board. As of the transaction date, the reporting person directly beneficially owned 10,880 $1 par common shares of the Issuer. 10,280 of such shares are restricted shares acquired under the Issuer's Nonemployee Director Stock Ownership Plan. /s/ James H. Becht, Secretary, Deere & Company, Under Power of Attorney 2003-07-01