SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MILLER PAUL DAVID

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ALLIANT TECHSYSTEMS INC [ ATK ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2003

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2003		A⁽¹⁾		15,000	A	0⁽¹⁾	$78,620⁽²⁾	D
Common Stock	05/06/2003		F⁽¹⁾		7,186	D	54.55	$71,434⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock	0⁽³⁾	05/06/2003		A		33,260		08/08/1988⁽³⁾	08/08/1988⁽³⁾⁽⁴⁾	Common Stock	33,260	$0	44,312⁽³⁾	D

Explanation of Responses:

1. Shares acquired represent payment of a Performance Share Award ("PSA"), and shares disposed of represent shares withheld from the PSA to pay withholding taxes.

2. The amount reported includes: 3,973.229 directly-owned shares held the Issuer's Employee Stock Purchase Plan as of March 31, 2003; 725.706 indirectly-owned shares allocated to the reporting person's account under the Issuer's 401(k) plan as of April 30, 2003; and 168 shares that the reporting person indirectly owns through his spouse.

3. The Phantom Stock Units were credited to the reporting person's account in the Issuer's Nonqualified Deferred Compensation Plan in lieu of the grant by the Issuer of a PSA under the Issuer's 1990 Equity Incentive Plan. The number of units credited to the reporting person's account was determined on a 1-for-1 basis equal to the number of shares of common stock that would have been granted for the PSA (33,750 shares), reduced by the number of units having a value equal to the Issuer's tax withholding obligation as a result of the deferral of the payment of the PSA. The units are to be settled 100% in cash following the reporting person's termination of employment or such other date specified by the reporting person. However, the reporting person may elect to transfer funds into other investment accounts within the Nonqualified Deferred Compensation Plan at any time.

4. Actual expir date unknown. Due to upgrade of EDGAR, SEC staff has designated 08/08/1988 be entered until system modified.

	Paul David Miller	05/07/2003
	** 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 4 (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).
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