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OMB APPROVAL
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OMB Number 3235-0104
Expires: April 30, 1997
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Filipov Filip
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(Last) (First) (Middle)
8225 Timber Ridge Road
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(Street)
Conway, SC 29526
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
November 1, 1998
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Terex Corporation
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5 Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
President - Terex Lifting
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6. If Amendment, Date of Original (Month/Year)
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
Common Stock, par value $.01 p/sh. 15,000 D
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(1)
Common Stock, par value $.01 p/sh. 47,500 D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 7. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Options to Purchase
Common Stock 05/20/95 05/20/04 Common Stock 10,000 6.630 D
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Options to Purchase
Common Stock 06/23/95 06/23/04 Common Stock 5,000 5.500 D
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(2)
Options to Purchase
Common Stock 05/09/96 05/09/05 Common Stock 30,000 6.375 D
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(2)
Options to Purchase
Common Stock 12/13/96 12/13/05 Common Stock 10,000 4.250 D
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(2)
Options to Purchase
Common Stock 05/07/99 05/07/03 Common Stock 25,000 29.625 D
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(2)
Options to Purchase
Common Stock 10/08/99 10/08/08 Common Stock 25,000 14.000 D
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</TABLE>
Explanation of Responses:
(1) Non-vested Restricted Stock granted pursuant to the Company's Long-Term
Incentive Plans vesting over a 4-year period, with the first shares vesting
1/2/99.
(2) Options granted pursuant to the Company's Long-Term Incentive Plans. Of
the 90,000 options, 27,500 have vested and the balance vests over 4 years, with
the first shares vesting 12/13/98.
/s/ Filip Filipov November 4, 1998
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**Signature of Reporting Person Date
** 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 provided is insufficient. See Instruction 6 for procedure.
