form4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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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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)

1. Name and Address of Reporting Person*

Clayton, Thomas F.

2. Issuer Name and Tickler or Trading Symbol

Old National Bancorp ONB

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

 

Director

 

10% Owner

X 

Officer (give title below)

 

Other (specify below)

Executive Vice President 

(Last)        (First)       (Middle)

8004 Washington Ave

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

4. Statement for Month/Day/Year

December 6, 2002

7. Individual or Joint/Group Filing (Check Applicable Line)

5. If Amendment, Date of
    Original (Month//Day/Year)

X 

Form filed by One Reporting Person

(Street)
Evansville, IN 47715

 

Form filed by More than One Reporting Person

(City)          (State)      (Zip)

Table I ¾ Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
    (Instr. 3)

2. Transaction Date (Month/

Day/Year)

2A. Deemed Execution Date, if any

(Month/Day/

Year)

3. Transaction
    Code
    (Instr.8)

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

5. Amount of Securities Beneficially Owned Following Reported Transaction(s)


      (Instr. 3 and 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

12/16/02

  

J

V

9.780

A

NA

  

1,269.937

D

  
                       

Common stock

12/16/02

  

J

V

8.003

A

NA

  

1,039.112

I1

  

Common stock

12/16/02

  

J

V

8.416

A

NA

  

1,092.714

I2

  

Common stock

                

10,236.041

I3

  

Common stock

12/06/02

  

L

V

8.411

A

23.7793

  

12,686.067

I4

 
 

12/16/02

  

J

V

97.636

A

NA

        
                       
                       
                       

J 4Q2002 Full Reinvestment Cash Dividend

                      

D Thomas F Clayton

                     

I1 T F Clayton CF Laurel Jane Clayton

                     

I2 T F Clayton CF Patricia Carter Clayton

                     

I3 ONB Emp Savings and Profit Sharing Plan

                     

I4 Susan Clayton spouse

                      

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. Con- version     or Exercise
Price of
Deriv-ative
Security

3. Trans- action Date (Month/

Date/

Year)

3A. Deemed Execut-ion Date, if any

(Month/

Date/

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)

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 Following Reported Transaction(s)

    (Instr. 4)

10. Ownership
      Form of
      Derivative
      Securities:
      Direct (D)

or Indirect

(I)
      (Instr. 4)

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

Code

V

(A)

(D)

Date
Exercisable

Expiration
Date

Title

Amount or
Number of
Shares

Employee Stock Option

Right to Buy

$25.13

6/27/01

  

A

V

74,340

  

(1)

6/27/2011

common stock

74,340

N/A

74,340

Direct (D)

  
                               

Employee Stock Option

Right to Buy

$25.13

6/27/01

  

A

V

13,746

  

(2)

6/27/2011

common stock

13,746

N/A

13,746

Direct (D)

  
                               

Employee Stock Option

Right to Buy

$23.83

1/22/02

  

A

V

83,000

  

(3)

1/22/2012

common stock

83,000

N/A

83,000

Direct (D)

  
                               
                               
                               
                               
                               
 

Explanation of Responses:

(1) The Option vests in 4 equal installments beginning on February 1, 2002.* (*) Subject to Accelerated Vesting in Certain Circumstances.

(2) The Option is Immediately Exercisable.

(3) The Option vests in 4 equal installments beginning on January 22, 2003.* (*) Subject to Accelerated Vesting in Certain Circumstances.

 

 

 

 

 

 

 

 

       

 

 

 

 

          

   

**Signature of Reporting Person

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.

Last Update: 09/05/2002