4 1 mv030703.htm FORM 4 - MEL VOLMERT - 3-07-03 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)

(Print or Type Responses)

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(h) of the Investment Company Act of 1940



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1.  Name and Address of Reporting Person*

VOLMERT, MELVIN J.
3337 E. RIDGEVIEW
SPRINGFIELD, MO 65804

2.  Issuer Name and Ticker or Trading Symbol

PAUL MUELLER COMPANY
("MUEL")

3.  I.R.S. Identification Number of Reporting Person,
     if an entity      (Voluntary)

###-##-####

4.  Statement for
     (M/D/Y)

March 7, 2003

5.  If Amendment, Date of
     Original  (M/D/Y)

 

6.  Relationship of Reporting
     Person(s) to Issuer
     (Check all applicable)

     X   Director
           10% Owner
           Officer (give title below)
           Other (specify below)

7.  Individual or Joint/Group Filing
     (Check applicable line)

     X   Form filed by One Reporting Person
           Form filed by More than One Reporting Person

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

1.  Title of
     Security
     (Instr. 3)

2.  Transaction
     Date
     (M/D/Y)

2A. Deemed
       Execution
       Date, if
       any
       (M/D/Y)

3.  Transaction
     Code
     (Instr. 8)

4.  Securities Acquired (A)
     or Disposed of (D)
     (Instr. 3, 4 & 5)

5.  Amount of
     Securities
     Beneficially
     Following
     Reported
     Transactions
     (Instr. 3 & 4)

6.  Ownership
     Form:
     Direct (D) or
     Indirect (I)
     (Instr. 4)

7.  Nature of
     Indirect
     Beneficial
     Ownership
     (Instr. 4)

Code

V

Amount

A
or
D

Price

COMMON STOCK

3-07-03

A

V

750

A

31.00

 3,094 

D

  

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.  Conversion
     or Exercise
     Price of
     Derivative
     Security

3.  Transaction
     Date
     (M/D/Y)

3A. Deemed
       Execution
       Date, if
       any
       (M/D/Y)

4.  Transaction
     Code
     (Instr. 8)

5.  No. of Deriva-
     tive Securities
     Acquired (A) or
     Disposed of (D)
     (Instr. 3, 4 & 5)

6.  Date Exercisable
     and Expiration Date
     (M/D/Y)

Code

V

A

D

Date
Exercisable

Expiration
Date

 NON-EMPLOYEE DIRECTOR STOCK OPTION (RIGHT TO BUY) 

  29.25

 7-25-02 

  

  A

 V 

 700 

  X

(1)

 7-25-12 

7.  Title and Amount of Underlying
     Securities  (Instr. 3 and 4)

8.  Price of
     Derivative
     Security
     (Instr. 5)

9.  No. of Derivative
     Securities Benefi-
     cially Owned
     Following Reported
     Transactions
     (Instr.4)

10.  Ownership Form of
       Derivative Securities
       Beneficially Owned
       at  End of Month
       (Instr. 4)

11.  Nature of Indirect
       Beneficial Ownership
       (Instr. 4)

Title

Amount or
No. of Shares

  COMMON STOCK

  700

  

  700

  D

  

Explanation of Responses:

(1)   The option vests and is exercisable in whole or in part
        beginning July 25, 2007.
 



/S/   MELVIN J. VOLMERT   
**Signature of Reporting Person



MARCH 7, 2003
Date

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).
 ** 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.