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.
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