1. Name and Address of Reporting Person
Pitts, Millicent W.
1000 Lakeside Avenue
Cleveland, OH 44114-1147
USA
2. Issuer Name and Ticker or Trading Symbol
Ferro Corp (FOE)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Day/Year
02/28/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
Vice President
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- |2A.Execu- |3. Trans-|4. Securities Acquired (A)|5. Amount of |6. Owner- |7. Nature |
| | action | action | action| or Disposed of (D) |Securities | ship | of In- |
| | Date | Date | Code | |Beneficially | Form: | direct |
| | | | | |Owned | Direct | Bene- |
| | (Month/ | (Month/ | | |Following | (D) or | ficial |
| | Day/ | Day/ +-----+---+-----------+---+----------+Reported | Indirect| Owner- |
| | Year) | Year) |Code |V |Amount |A/D|Price |Transaction(s)| (I) | ship |
+------------------------------+----------+----------+-----+---+-----------+---+----------+--------------+-----------+------------+
Common Stock 02/28/2003 J V 3675 A $21.2600 14830 D
Common Stock 02/28/2003 A 432.9291 A $0.0000 5721.9553 I Investment
Savings Plan
Common Stock - Restricted 02/28/2003 J V -5000 D $0.0000 D
Common Stock - Restricted 02/28/2003 A 8500 A $21.2600 20500 D
Common Stock - Deferred Bonus 1272.8232 D
Plan
Common Stock - Supp Exec 1896.6921 D
Defined
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+----------+--------+-------+-------+---------+-----------+---------------------+----------------+----------+-------+-------+------+
|1. |2. |3. |3A. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | | |Number |Owner- | |
| | | | | | | | | |of |ship | |
| | | | | | | | | |Deriv- |Form of| |
| | | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | | |of Underlying | |Secur- |ative |Nature|
| |Conver- |Trans- |Execu- | |Number of | |Securities | |ities |Secur- |of |
| |sion or |action |tion | |Derivative |Date Exercisable +-------+--------+ |Benefi-|ity: |In- |
| |Exercise|Date |Date | |Securities |and Expiration Date | |Amount | |cially |Direct |direct|
| |Price of| | |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |(Month/|(Month/|tion Code|Disposed(D)+----------+----------+ |Number |Price of | |In- |ficial|
|Derivative|ative | Day/ | Day/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative| |direct |Owner-|
|Security |Security|Year) |Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security | |(I) |ship |
+----------+--------+-------+-------+------+--+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
Stock $18.5 02/11/2010 Common 20000 D
Options Stock
(Right to
buy)
Stock $21.0625 02/25/2009 Common 15000 D
Options Stock
(Right to
buy)
Stock $21.26 02/28/2 A V 50297 02/29/2004 02/28/2013 Common 50297 $0.0000 D
Options 003 Stock
(Right to
buy)
Stock $21.26 02/28/2 A V 4703 02/28/2007 02/28/2013 Common 4703 $0.0000 55000 D
Options 003 Stock
(Right to
buy)
Stock $23.6 02/09/2011 Common 21000 D
Options Stock
(Right to
buy)
Stock $25.5 02/11/2012 Common 40000 D
Options Stock
(Right to
buy)
Stock $29.25 05/04/2008 Common 7500 D
Options Stock
(Right to
buy)
ESOP 2.5988 02/28/2 A 3995 Common 10382.20 $46.3750 3995 I ESOP
Convertible 003 Stock 6 Trust
Preferred
ESOP 46.375 Common 237.816 I ESOP
Convertible Stock 1 Trust
Preferred
Explanation of Responses:
This transaction will be effective on April 1, 2003.
Payout of Performance Share Plan which concluded 12/31/2002.
Performance Share Plan Cancellations.
On February 28, 2003, the Board awarded Performance Shares under the 2003
Long-Term Incentive Compensation Plan that are represented by the issuance of
restricted common stock. The award will be effective on April 1, 2003, subject
to shareholder approval of the plan.
On February 28, 2003, the Board granted Stock Options under the 2003 Long-Term
Incentive Compensation Plan. The award is subject to shareholder approval of
the plan.
SIGNATURE OF REPORTING PERSON
/s/ Millicent W. Pitts
DATE
02/28/2003