X0201 4 2003-12-15 0 0000777001 BEAR STEARNS COMPANIES INC BSC 0001180139 SPECTOR WARREN J C/O BEAR, STEARNS & CO. INC. 383 MADISON AVENUE NEW YORK NY 10179 1 1 0 0 Co-Pres./Co-COO CAP Units 2003 0.0000 2003-12-15 4 A 0 133891 73.7500 A 2008-11-30 2008-11-30 Common Stock 133891 133891 D Emp. Stock Option (Right to Buy) 73.7500 2003-12-15 4 A 0 243207 0 A 2006-12-15 2013-12-15 Common Stock 243207 243207 D Deferral of compensation and credit to Reporting Person's Account (as of 12/15/03) pursuant to the Issuer's Capital Accumulation Plan for Senior Managing Directors (CAP Plan); exempt under Rule 16b-3. /s/ Spector, Warren J. 2003-12-16