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UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 |
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OMB Number: 3235-0287 | |||
Expires: January 31, 2005 | |||
[_] | Check
box if no longer subject to Section 16. Form 4 or Form 5 obligations may
continue. See Instruction 1(b). (Print or Type Respones) |
Estimated
average burden hours per response. 0.5 |
1.
Name and Address of Reporting Person* |
2.
Issuer Name and Ticker or Trading Symbol Ionics, Incorporated (ION) |
6. Relationship of
Reporting Person(s) to Issuer |
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Brown Douglas R. |
3.
I.R.S. Identification Number of Reporting Person, if an entity (voluntary) |
4.
Statement for Month/Day/Year 04-01-03 |
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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 One Reporting Person |
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(City)
(State)
(Zip) Concord MA 01742 |
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
1. Title of Security (Instr. 3) |
2. Trans- |
2A.
Deemed Execution Date, if any (mm/dd/yy) |
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 (Instr. 3 and 4) |
6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | Amount |
(A) or (D) |
Price | ||||||
Reminder: Report
on a separate line for each class of securities beneficially owned directly
or indirectly. |
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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 control Number. |
(Over) SEC 1474 (9-02) |
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) |
3A. Deemed Execution Date if any (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) |
7. Title
and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9.Number of |
10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Benefi- cial Owner- ship (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount
or Number of Shares |
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Stock Option (right to buy) |
$16.16 | 04/01/03 | A* | 500,000 | 04/01/03* | 04/01/13** | Common Stock | 500,000 | * | 500,000 | D |
Explanation
of Responses: *Grant to reporting person of inducement stock option to buy 500,000 shares of Common Stock in a transaction exempt under Rule 16b-3. Option vests immediately as to 125,000 shares, with remainder vesting in 25% increments on first, second and third anniversaries of date of grant. **May expire earlier under certain circumstances. |
** | Intentional
misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
/s/ Douglas R. Brown
**Signature of Reporting Person |
04/02/03
Date |
Note: | File three
copies of this Form, one of which must be manually signed. If space is insufficient,
see Instruction 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. |
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