SEC Filing | Baker Hughes

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SEC FORM 3 SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

BURGESS TREVOR

(Last)

(First)

(Middle)

9110 GROGANS MILL RD

(Street)

WOODLANDS

77380-3615

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/25/2003

3. Issuer Name and Ticker or Trading Symbol
BAKER HUGHES INC [ BHI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Vice President

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

6. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $1.00 par value	3,121.4717	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (right to buy)⁽¹⁾⁽²⁾	01/26/2001	01/26/2010	Common Stock, $1.00 par value	14,754	22.88	D
Stock Option (right to buy)⁽³⁾⁽⁴⁾	01/24/2002	01/24/2011	Common Stock, $1.00 par value	11,909	41.06	D
Stock Option (right to buy)⁽¹⁾⁽⁵⁾	05/14/2000	05/14/2009	Common Stock, $1.00 par value	24,107	30.94	D
Stock Option (right to buy)⁽³⁾⁽⁶⁾	01/30/2003	01/30/2012	Common Stock, $1.00 par value	6,500	32.5	D
Stock Option (right to buy)⁽⁷⁾⁽⁸⁾	07/24/2003	07/24/2012	Common Stock, $1.00 par value	6,500	24.94	D
Stock Option (Right to Buy)⁽⁷⁾⁽⁹⁾	01/29/2004	01/29/2013	Common Stock, $1.00 par value	8,000	29.25	D
Stock Option (right to buy)⁽⁷⁾⁽¹⁰⁾	07/22/2004	07/22/2013	Common Stock, $1.00 par value	11,000	32.62	D

Explanation of Responses:

1. Stock Option granted under Baker Hughes Incorporated 1998 Employee Stock Option Plan.

2. The option vests in three equal annual installments beginning on January 26, 2001.

3. Stock option granted under Baker Hughes Incorporated Long Term Incentive Plan.

4. The option vests in three equal annual installments beginning on January 24, 2002.

5. This option vests in three equal installments beginning on May 14, 2000.

6. Opton vests in thirds, with the first vesting on Janaury 30, 2003.

7. Option granted pursuant to the terms of the 2002 Director and Officer Long-Term Incentive Plan.

8. Option vests in three annual installments on July 24, 2003, 2004 and 2005

9. Opton vests in thirds, with the first vesting on Janaury 29, 2004.

10. The option vests in three equal annual installments beginning on July 22, 2004.

	Sandra E. Alford, Attorney-in-Fact	09/03/2003
	** Signature of Reporting Person	Date
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 5 (b)(v).
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Exhibit 24
POWER OF ATTORNEY

	Know all by these presents that the
undersigned hereby constitutes and appoints
 each of Sandra E. Alford and Alan R. Crain, Jr.
 as the undersigned's true and lawful attorneys-
in-fact, with full power of substitution, to:

(1) execute for and on behalf of the undersigned,
 in the undersigned's capacity as a reporting
person of Baker Hughes Incorporated (the
"Company") pursuant to Section 16 of the
Securities Exchange Act of 1934, as amended
(the "Exchange Act"), and the rules and
regulations issued thereunder, Forms 3, 4
 and 5 in accordance with Section 16(a) of the
 Exchange Act and any Form 144, Form 8-K or
other form required to be filed relating to
the transaction covered by such report
(collectively, the "Required Forms");

(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
Required Forms and timely file such Required Forms
with the United States Securities and Exchange
Commission, any stock exchange, or other
authority or body; and

(3) take any other action of any type whatsoever
 in connection with the foregoing which, in the
 opinion of any of such attorneys-in-fact or their
 substitutes, may be of benefit to, in the best
interest of, or legally required by, the
undersigned, it being understood that the
documents executed by any of such attorneys-
in-fact or their substitutes on behalf of the
 undersigned pursuant to this Power of Attorney
shall be in such form and shall contain such
terms and conditions as any of such attorneys-
in-fact or their substitutes may approve in the
discretion of any such person.

       The undersigned hereby grants to each such
attorney-in-fact or their substitutes 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
any of such attorneys-in-fact, or the
substitute or substitutes of any of such
attorneys-in-fact, 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 or their substitutes, in
serving in such capacity at the request of the
 undersigned, are not assuming, nor is the
Company assuming, any of the undersigned's
responsibilities to comply with Section 16 of
the Exchange Act or any other law, rule or
regulation.

       This Power of Attorney shall remain
in full force and effect until the undersigned
is no longer required to file Required Forms
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 executed
as of this 25th day of August 2003.


Signature:	/s/ Trevor Burgess
Name:		Trevor Burgess