1. Name and Address of Reporting Person
JAMES, DONALD M.
1200 Urban Center Drive
Birmingham, AL 35242
USA
2. Issuer Name and Ticker or Trading Symbol
Vulcan Materials Company
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Day/Year
02/13/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
CHMN OF BOARD & CEO
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 44344 D
Common Stock 8673 I Indirect - By
401(k)
Common Stock (Restricted Stock 60566 D
Units)
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 $18.8533 05/17/2006 Common 150000 D
Options Stock
(Right to
buy)
Stock $21.3133 02/14/2007 Common 180000 D
Options Stock
(Right to
buy)
Stock $31.465 02/13/2 A 14500 02/13/2004 02/13/2013 Common 145000 $0.0000 145000 D
Options 003 0 Stock
(Right to
buy)
Stock $32.9467 02/12/2008 Common 135000 D
Options Stock
(Right to
buy)
Stock $42.3438 02/10/2010 Common 220000 D
Options Stock
(Right to
buy)
Stock $44.9 02/09/2011 Common 200000 D
Options Stock
(Right to
buy)
Stock $45.1667 02/11/2009 Common 195000 D
Options Stock
(Right to
buy)
Stock $45.95 02/07/2012 Common 200000 D
Options Stock
(Right to
buy)
Phantom $0 Common 13710 D
Stock Stock
(Deferred
Compensatio
n)
Explanation of Responses:
The option vests over five years in 20% increments each year on the anniversary
of the grant date.
SIGNATURE OF REPORTING PERSON
/s/ Amy M. Tucker
DATE
02/18/2003