5 1 Nasdaq0001203306 Officer Exponent, Inc. 000085152077-0218904 01/03/03 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. [ ] Form 3 Holdings Reported [ ] Form 4 Transactions Reported 1. Name and Address of Reporting Person(s) Schlenker, Jr., Richard L. 149 Commonwealth Drive Menlo Park, CA 94025 2. Issuer Name and Ticker or Trading Symbol Exponent, Inc. (EXPO) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Year 01/03 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Chief Financial Officer & Corporate Secretary 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 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code Amount D Price End of Year I ------------------------------------------------------------------------------------------------------------------------------------ Common Stock (1) 03/28/02 P 356 A $8.8400 D Direct Common Stock (1) 06/28/02 P 396 A D Direct Common Stock (1) 09/27/02 P 396 A D Direct Common Stock (1) 01/03/03 P 352 A 9,953 D Direct Table II (PART 1) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right $13.0250 03/05/02 A 5,000 (2) 03/05/12 to buy) Non-Qualified Stock Option $13.0250 03/05/02 A 5,000 (2) 03/05/12 (right to buy) Table II (PART 2) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Year ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right 03/05/02 Common Stock 5,000 5,000 D Direct to buy) Non-Qualified Stock Option 03/05/02 Common Stock 5,000 5,000 D Direct (right to buy) Explanation of Responses: (1) Acquisition of stock pursuant to Exponent, Inc. Employee Stock Purchase Plan under the provisions of Section 423 of the Internal Rev enue Code in a transaction exempt under SEC Rule 16b-3. (2) The stock option becomes exercisable in four equal annual installments, commencing one year at the date of grant. SIGNATURE OF REPORTING PERSON /S/ By: Wendy L. Whitehouse For: Richard L. Schlenker DATE 02/12/03