X0201 4 2003-01-08 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 (1993) 0.0000 2003-01-08 4 A 0 78439 0 A 2003-11-30 2003-11-30 Common Stock 78439 1216971 D CAP Units (1994) 0.0000 2003-01-08 4 A 0 546 0 A 2003-11-30 2003-11-30 Common Stock 546 8538 D CAP Units (1996) 0.0000 2003-01-08 4 A 0 23246 0 A 2001-11-30 2001-11-30 Common Stock 23246 362440 D CAP Units (1997) 0.0000 2003-01-08 4 A 0 19775 0 A 2002-11-30 2002-11-30 Common Stock 19775 304640 D CAP Units (1998) 0.0000 2003-01-08 4 A 0 32407 0 A 2003-11-30 2003-11-30 Common Stock 32407 502912 D CAP Units (1999) 0.0000 2003-01-08 4 A 0 40132 0 A 2004-11-30 2004-11-30 Common Stock 40132 628395 D CAP Units (2000) 0.0000 2003-01-08 4 A 0 21444 0 A 2005-11-30 2005-11-30 Common Stock 21444 332967 D CAP Units (2001) 0.0000 2003-01-08 4 A 0 2056 0 A 2006-11-30 2006-11-30 Common Stock 2056 35475 D CAP Units credited to Reporting Person's Account based on Fiscal Year 2002 Net Earnings Adjustments pursuant to the Issuer's Capital Accumulation Plan for Senior Managing Directors (CAP Plan); exempt under Rule 16b-3. /s/ Spector, Warren J. 2004-01-09