FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting 2. Issuer Name and 3. IRS or Social 4. Statement 5. If Amendment, Person Ticker or Trading Security for Date of Symbol Number of Month/Year Original Reporting Person (Month/Year) (Voluntary) Reynolds, A. William Boise Cascade Corporation 12-31-2002 Old Mill Group BCC 1696 Georgetown Road, Unit E Hudson, OH 44236 6. Relationship of Reporting Person to Issuer (Check all applicable) _Director _10% Owner _Officer (give title below) _Other (specify below) X 7. Individual or Joint/Group Reporting [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. Trans- 3. Trans- 4. Securities aquired (A) 5. Amount of 6. Owner- 7. Nature of Indirect Security action action or Disposed of (D) Securities Ship Beneficial Ownership (Instr. 3) Date Code (Instr. 3, 4 and 5) Beneficially Form: (Instr. 4) (Instr. Owned at Direct (Month/ 8) (A) End of Month (D) or Day/ or (Instr. 3 Indirect Year) Code V Amount (D) Price and 4) (I) Common Stock 10,000 D Table II - Derivative Securities Acquired, Disposed of, or Beneficially owned (e.g., puts, calls, warrants, options, convertable securities) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Title of Con- Trans- Trans- Number of Date exer- Title and Amount Price Number Owner- Nature Derivative version action action Derivative cisable and of Underlying of of Ship of Security or Date Code Securities Expiration Securities Deriv- Deriv- Form Indirect (Instr. 3) Exercise (Instr. Acquired (A) Date (Instr. 3 and 4) ative ative of Bene- Price of 8) or Disposed (Month/ Secu- Secu- Deriv- ficial Deriv- of (D) Day/Year) rity rities ative Owner- ative (Instr. 3, (Instr. Bene- Secu- ship Security 4 and 5) 5) fically rity: (Instr. Owned Direct 4) at end (D) or ( Amount of Indi- Month/ C Date Expi- or Month rect Day/ O Exer- ra- Number (Instr. (I) Year D cis- tion of 4) (Instr. ) E V (A) (D) able Date Title Shares 4) Purchase Option $2.50 (a) Common Stock 599 D Purchase Option $2.50 (a) Common Stock 830 D Purchase Option $2.50 (a) Common Stock 777 D Purchase Option $2.50 (a) Common Stock 1,051 D Purchase Option $2.50 (a) Common Stock 826 D Purchase Option $2.50 (a) Common Stock 1,353 D Purchase Option $2.50 (a) Common Stock 1,280 D Purchase Option $2.50 12-31 A 1,254 07-01 (a) Common Stock 1,254 D -2002 -2003 Stock Option $41.875 07-31 Common Stock 1,000 D (Right to Buy) -2005 Stock Option $32.50 07-31 Common Stock 1,500 D (Right to Buy) -2006 Stock Option $37.0625 07-31 Common Stock 1,500 D (Right to Buy) -2007 Stock Option $28.00 07-31 Common Stock 1,500 D (Right to Buy) -2008 Table II - Derivative Securities Acquired, Disposed of, or Beneficially owned (e.g., puts, calls, warrants, options, convertable securities) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Title of Con- Trans- Trans- Number of Date exer- Title and Amount Price Number Owner- Nature Derivative version action action Derivative cisable and of Underlying of of Ship of Security or Date Code Securities Expiration Securities Deriv- Deriv- Form Indirect (Instr. 3) Exercise (Instr. Acquired (A) Date (Instr. 3 and 4) ative ative of Bene- Price of 8) or Disposed (Month/ Secu- Secu- Deriv- ficial Deriv- of (D) Day/Year) rity rities ative Owner- ative (Instr. 3, (Instr. Bene- Secu- ship Security 4 and 5) 5) fically rity: (Instr. Owned Direct 4) at end (D) or ( Amount of Indi- Month/ C Date Expi- or Month rect Day/ O Exer- ra- Number (Instr. (I) Year D cis- tion of 4) (Instr. ) E V (A) (D) able Date Title Shares 4) Stock Option $38.75 07-30 Common Stock 1,500 D (Right to Buy) -2009 Stock Option $27.625 07-31 Common Stock 2,000 D (Right to Buy) -2010 Stock Option $36.20 07-31 Common Stock 2,000 D (Right to Buy) -2011 Stock Option $28.99 07-31 A 2,500 07-31 07-31 Common Stock 2,500 D (Right to Buy) -2002 -2003 -2012 Explanation of responses: (a) Option expires three years following option holder's termination as a director of the Company. Signature of Reporting Person: /s/Karen E. Gowland (POA) for A. William Reynolds -------------------------------------------------- A. William Reynolds