form4-mfd2.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 4

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 Act of 1935 or Section 30(f) of the Investment Company Act of 1940

  1. Name and Address of Reporting Person:

           Hadley, Philip A.
           FactSet Research Systems Inc.
           One Greenwich Plaza
           Greenwich, CT 06830

  2. Issuer Name and Ticker or Trading Symbol:

           FactSet Research Systems Inc. (FDS)

  3. IRS Identification Number of Reporting Person, if an entity: (voluntary)

            N/A

  4. Statement for Month/Day/Year:

           February 25, 2003

  5. If Amendment, Date of Original: ( Month/Day/Year):

            N/A

  6. Relationship of Reporting Person(s) to Issuer: (check all applicable)

           (X) Director                  (X) Officer (*give title below)

           (_) 10% Owner            (_) Other (specify below)

           * Chairman of the Board and Chief Executive Officer

  7. Individual or Joint/Group Filing: (Check Applicable Line)

           (X) Form filed by One Reporting Person

           ( ) Form filed by More then One Reporting Person






TABLE  I  -  NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED

      4. Securities Acquired (A)
2. Transaction Date 3. Transaction Code
 or Disposed (D)
1. Title of Security (Month/Day/Year) Code              V Amount (A) or (D) Price
FactSet Research 2/25/03 M                4,000      A $10.00
Systems Inc.                          
Common Stock          


  1. Amount of Securities Beneficially Owned Following Reported Transaction(s):

           684,350

  2. Ownership Form:   Direct (D) or Indirect (I)

           D

  3. Nature of Indirect Beneficial Ownership:

           N/A


TABLE II    -   DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
1.  Title of 2.  Conversion or 3.  Transaction 4.  Transaction 5.  Number of Derivative
      Derivative       Exercise Price       Date       Code      Securities Acquired  (A)
      Security       of Derivative       (Month/Day/              or Disposed  (D)
      Security       Year)       
      Code          V (A)              (D)
FactSet Research $10.00 2/25/03   X           N/A                         4,000
Systems Inc.                                           
Stock Options                                           


  1. Date Exercisable and Expiration Date: (Month/Day/Year)

           N/A

  2. Title and Amount of Underlying Securities:

           N/A

  3. Price of Derivative Security:

           N/A

  4. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s):

           184,500

  5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)

           D

  6. Nature of Indirect Beneficial Ownership:

           N/A



Explanation of Responses:




 
Signature of Reporting Person
       
Date: February 27, 2003 /s/  Philip A. Hadley
-------------------------------------
Philip A. Hadley