FORM 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

 
OMB APPROVAL

[   ] Check this box if no longer
       subject to Section 16. Form 4 or
       Form 5 obligations may continue.
       See Instruction 1(b).

Washington, D.C. 20549
 
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(Print or Type Responses)

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

1.    Name and Address of Reporting Person*
 
Schalter                        Richard                       J.

        (Last)                                        (First)                                   (Middle)

4.    Statement for Month/Year

     August 27, 2002
    

 
 
 
c/o Spartan Motors, Inc.
1165 Reynolds Road
                                                        (Street)
5.    If Amendment, Date of Original (Month/Year)
 
 
 
 
Charlotte             Michigan              48813
        (City)                                        (State)                                   (Zip)
 
2.    Issuer Name and Ticker or Trading Symbol  
 
    Spartan Motors, Inc. ("SPAR")     
6.    Relationship of Reporting Person(s) to Issuer
                                    (Check all applicable)
   X         Director                                          10% Owner
   X         Officer (give title                            Other (specify below)
                           below)
                     
 Executive Vice President
3.    I.R.S. or Social Security Number of Reporting Person (Voluntary)
 
 
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
    (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: Di-
    rect (D) or
    Indirect (I)
    (Instr. 4)
7. Nature of
    Indirect
    Beneficial
    Ownership
    (Instr. 4)
      Code V Amount (A) or (D) Price      
Common Stock
8/27/02
 
M
 
5,000
A
$4.188
see below
D
 
Common Stock
8/27/02
 
S
 
5,000
D
$11.50
900
D
 
Common Stock              
3,363
I
Through retirement plan
Common Stock              
100
I
By daughter
Common Stock              
75
I
By son
Common Stock              
50
I
By daughter
                     
                     
                     
                     
                     










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 Deriva-
    tive Securities Ac-
    quired (A) or Dis-
    posed of (D)
    (Instr. 3, 4, and 5)
6. Date Exercisable
    and Expiration Date
    (Month/Day/Year)
         
Code
 
V
 
(A)
 
(D)
Date
Exercisable
Expiration
Date
Stock Option (right to buy)
$4.188
8/27/02
  M    
5,000
6/30/00 6/29/10
                   
                   
7. Title and Amount of
Underlying Securities (Instr. 3 and 4)
8. Price of Derivative Securitie(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction (s) (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 of Number of Shares
     
 
Common Stock
12,500
$4.188
7,500 D  
           
           
           
           
           
           

Explanation of Responses:


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.  

By:  /s/ Richard J. Schalter  

  September 3, 2002
    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 provided is insufficient, see Instruction 6 for procedure.