3 1 hoover.htm FORM 3 Form 3
FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person*



           Hoover            William          C. 		2. Date of Event
Requiring Statement (Month/Day/Year)

4/7/03

4. Issuer Name and Ticker or Trading Symbol
         

  Dynamics Research Corporation (DRCO)

(Last)             (First)            (Middle)

  8903    Georgetown    Pike 		I.R.S. Identification Number of Reporting Person, if an entity (voluntary)

5. Relationship of Reporting Person(s) to Issuer
                      (Check all applicable)
 [_]  Director                       [_]  10% Owner
 [X]  Officer (give Below)    [_]   Other (specify title below)




President and Chief Operating Officer
6. If Amendment, Date of Original (Month/Year)
(Street)


       McLean       VA    22102-1006 		7. Individual or Joint/Group Filing
(Check Applicable Line)
[X]  Form filed by One Reporting Person
[_] Form filed by More than One Reporting Person
(City)             (State)             (Zip) Table I — Non-Derivative Securities Beneficially Owned
1. Title of Security
(Instr.4) 		2.Amount of Securities
Beneficially Owned
(Instr. 4)

3. Ownership Form:
Direct (D) or
Indirect (I) (Instr. 5)

4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock $.10 par value 14,815 (D)  
         
         
         
        
        
        

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 5(b)(v).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently vaild OMB Number. (Over)
SEC1473 (7-02)


FORM 3 (continued)
 Table II — Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities) 		 
1.Title of Derivative Security
(Instr.4)		 2. Date Exer-
cisable and
Expiration
Date
(Month/Day/Year)		 3. Title and Amount of Securities UnderlyingDerivative Security(Instr. 4)
 4. Conver-
sion or
Exercise
Price of
Deri
-vative
Security		 5. Owner-
ship
Form of
Deriv-
ative
Security:
Direct (D) or
Indirect (I)
(Instr. 5)		 6. Nature of Indirect
Beneficial Ownership (Instr. 5)
Date Exer-
cisable 		Expira-
Date 		Title
Amont
or
Number
of
Shares
Stock Options (1) Common Stock  100,000  $12.14 (D)         
                   
                   
                   
                   
                     

Explanation of Responses: (1) The options will vest one-third on the first anniversary of employment and one-third on each successive anniversary. The options shall expire 10 years from the date of grant.

 
                        
                       /s/ Richard A. Covel 
**Signature of Reporting Person
         Richard A. Covel
      Attorney-in-fact
4/18/03
Date

**


Note:

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

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

  
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