4 1 a2075896z4.htm 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(f) of the Investment Company Act of 1940		  
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1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    JACOBSEN   ERIC   R.       NORTHWESTERN CORPORATION NOR                    Director                10% Owner
 
           
    (Last)   (First)   (Middle)   3.   I.R.S. or Social Security Number of Reporting Person (voluntary)   4.   Statement for Month/Day/Year           X     Officer
              (give title below)		                  Other
              (specify below)
    125 S. DAKOTA AVE.               MARCH 2002       SENIOR VICE PRESIDENT, GENERAL COUNSEL & CHIEF LEGAL OFFICER
 
 
     
(Street)           5.   If Amendment, Date of Original (Month/Day/Year)   7.   Individual or Joint/Group Filing
(Check Applicable Line)
    X     Form filed by One Reporting Person
             Form filed by More than
    SIOUX FALLS   SD   57104                       One Reporting Person
    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.   Title of Security
(Instr. 3)		   2.   Transaction Date   3.   Transaction Code
(Instr. 8)		   4.   Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		   5.   Amount of Securities Beneficially Owned at End of Month   6.   Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		   7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
            (Month/ Day/ Year)  
      (Instr. 3 and 4)                
                    Code   V       Amount   (A) or (D)   Price                        
    COMMON STOCK       1/3/02       P           (1)   A   $22.2140       I       D        
    COMMON STOCK       1/3/02       P           (1)   A   $22.2140       82       I       (2)
                                                                 
                                                                 
                                                                 
                                                                 
                                                                 
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instructions 4(b)(v).    
FORM 4 (Continued)   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
(Month/Day/Year)		   4.   Transaction Code
(Instr. 8)		   5.   Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		   6.   Date Exercisable and Expiration Date (Month/Day/Year)
                       
 
                            Code   V       (A)   (D)       Date
Exercisable		   Expiration Date
INCENTITVE STOCK OPTIONS(3)       1-FOR-1       2/6/02       A           44,000           (4)   2/6/12
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         
                                                         

                                                       
7.   Title and Amount of Underlying Securities
(Instr. 3 and 4)		   8.   Price of Derivative Security
(Instr. 5)		   9.   Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)		   10.   Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)   11.   Nature of Indirect Beneficial Ownership
(Instr. 4)
   
                               
    Title   Amount or Number of Shares                                
    COMMON STOCK   44,000       $20.70000       44,000       D        
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         
                                         

Explanation of Responses:
ALL SHARE TRANSACTIONS AND TOTALS HAVE BEEN ROUNDED TO WHOLE SHARES.
(1)    THE REPORITNG PERSON ACQUIRED A FRACTIONAL SHARE OF .018.
(2)    HELD IN TRUST FOR BENEFIT OF MINOR CHILD. THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SHARES.
(3)    GRANT BY COMPENSATION COMMITTEE OF BOARD OF DIRECTORS UNDER STOCK OPTION AND INCENTIVE PLAN, WITH OFFICER'S RE-ELECTION, EFFECTIVE MARCH 1, 2002.
(4)  GRANT VESTS 1/3 ON THE FIRST, SECOND AND THIRD ANNIVERSARIES OF GRANT DATE.

    /s/ ERIC R. JACOBSEN   4/5/2002
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).  
**Signature of Reporting Person		  
Date
         
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instructions 6 for procedure.        
         
Potential persons who are to respond to the collection of information Contained in this form are not required to respond unless the form displays a currently valid OMB Number.        
To view the actual filing form and general Instructions go to: www.sec.gov/smbus/forms/form4.htm

 
 
 
 
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