UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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 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) -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Cherry, Jr. Arthur L. (Last) (First) (Middle) c/o Federated Investors, Inc. Federated Investors Tower (Street) Pittsburgh PA 15222-3779 (City) (State) (Zip) -------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Federated Investors, Inc. FII -------------------------------------------------------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) -------------------------------------------------------------------------------- 4. Statement for Month/Day/Year April 3, 2003 -------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) -------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ___X_____ Director ________ 10% Owner ___X_____ Officer (give title below) ________ Other (specify below) President, Federated Services Company -------------------------------------------------------------------------------- 7. Individual or Joint/Group Reporting (Check Applicable Limit) ___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 2. 3. 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature Security Transaction Transaction (A) or Disposed of Securities Form: Direct of Indirect (Instr. 3) Date Code (D) (Instr. 3, 4, and Beneficially (D) or Beneficial (Mon/day/year)(Instr. 8) 5) Owned at End of Indirect (I) Ownership Month (Instr. 4) (Instr. 4) (Instr. 3 and 4) ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Code V Amount (A) or Price (D) ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Class B Common 693,243 D Stock ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Class B Common 4/3/2003 S 2,700 D $26.23 16,935 I By Spouse Stock ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Class B Common 74,048 I By Spouse Stock as custodian for minor children ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- 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). FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) -------------------------------------------------------------------------------------------------------------- 1. Title of 2. Conversion 3. 4. Transaction 5. Number of 6. Date Derivative Security or Exercise Transaction Code Derivative Exercisable and (Instr. 3) Price of Date (Instr. 8) Securities Expiration Date Derivative (Month/Day/Year) Acquired (A) or (Month/Day/Year) Security Disposed of (D) (Instr. 3, 4, and 5) -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- Code V (A) (D) Date Exercisable Expiration Date -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- 7. Title and Amount of 8. Price of 9. Number of 10. Ownership 11. Nature of Underlying Securities Derivative derivative Form of Indirect Beneficial (Instr. 3 and 4) Security Securities Derivative Ownership (Instr. 5) Beneficially Owned Security: (Instr. 4) at End of Month Direct (D) or (Instr. 4) indirect (I) (Instr. 4) -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- Title Amount or Number of Shares -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- Explanation of Responses: ** 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. 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. /s/ Kary A. Moore (Attorney- in-Fact) April 7, 2003 **Signature of Reporting Person Date Exhibit A POWER OF ATTORNEY Know all by these presents, that the undersigned hereby constitutes and appoints Kary A. Moore, or John D. Johnson, or any of them, the undersigned's true and lawful attorneys-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or director of Federated Investors, Inc. (the "Company"), Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4 or 5 and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorneys-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion. The undersigned hereby grants to such attorneys-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorneys-in-fact, or such attorneys-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934, as amended. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be as of this 7th day of April, 2003. Executed /s/ Arthur L. Cherry Signature Arthur L. Cherry ________________________________ Print Name