UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. [ ] Form 3 Holdings Reported [ ] Form 4 Transactions Reported 1. Name and Address of Reporting Person(s) Van Dyke III, William D. 411 East Wisconsin Ave., 22nd Floor Milwaukee, WI 53202 2. Issuer Name and Ticker or Trading Symbol International Flavors & Fragrances, Inc. (IFF) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Year 12/02 5. If Amendment, Date of Original (Month/Year) 12/02 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [x] Director [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) 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 Owner - ---------------------------------------------------------------------------------------------------------------------- 1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of Action Action or Disposed of (D) Securities ship Form; Indirect Date Code Beneficially Direct (D) Beneficial (Month/ Owned at end or Indirect Ownership Day/Year) of Issuer's (I) Fiscal Year Amount A or D Price - ---------------------------------------------------------------------------------------------------------------------- Common Stock 10/01/02 A 1000 A * 6,957 D Common Stock 04/05/02 J (5) 81,021 A ** 7,322,790*** I co-trustee Common Stock 129,426*** I owned by wife Common Stock 31,767*** I owned by foundation * These shares were granted by the Issuer as compensation for services rendered by the Reporting Party ** These shares were received as a liquidating distribution from an LLC in which the trust was a member *** Mr. William D. Van Dyke III hereby disclaims beneficial ownership of these shares Table II (Part 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 though 6) - ---------------------------------------------------------------------------------------------------------------------- 1. Title of Derivative 2. Conversion or 3. Trans- 4. Trans- 5. Number of Derivative 6. Date Exercisable Security Exercise Price action action Securities Acquired and Expiration of Derivative Date Code (A) or Disposed of (D) Date (A) (D) Exercise Expiration - ---------------------------------------------------------------------------------------------------------------------- Option (right to buy) $38.17 5/13/93 A 3,000 (1) 5/13/03 Option (right to buy) $36.00 5/12/94 A 3,000 (2) 5/14/04 Option (right to buy) $49.875 5/11/95 A 3,000 (3) 5/11/05 Option (right to buy) $48.125 5/09/96 A 3,000 (4) 5/09/06 Option (right to buy) $43.25 5/08/97 A 3,000 (5) 5/08/07 Option (right to buy) $46.69 5/14/98 A 3,000 (6) 5/14/08 Option (right to buy) $39.19 5/20/99 A 3,000 (7) 5/20/09 Option (right to buy) $32.19 5/18/00 A 3,000 (8) 5/18/10 Option (right to buy) $27.10 5/16/01 A 3,000 (9) 5/16/11 Option (right to buy) $32.82 5/07/02 A 3,000 (10) 5/07/12 Table II (Part II) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) - ---------------------------------------------------------------------------------------------------------------------- 1. Title of Derivative 3. Trans- 7. Title and Amount 8. Price 9. Number of 10. Owner- 11. Nature Security action of Underlying of De- Derivative ship of Indirect Date Securities rivative Securities Derivative Beneficial Security Beneficially Security; Ownership Owned at End Direct (D) of Year or Indirect Title Amount (I) - ---------------------------------------------------------------------------------------------------------------------- Option (right to buy) 5/13/93 Common Stock 3,000 0 3,000 D Option (right to buy) 5/12/94 Common Stock 3,000 0 6,000 D Option (right to buy) 5/11/95 Common Stock 3,000 0 9,000 D Option (right to buy) 5/09/96 Common Stock 3,000 0 12,000 D Option (right to buy) 5/08/97 Common Stock 3,000 0 15,000 D Option (right to buy) 5/14/98 Common Stock 3,000 0 18,000 D Option (right to buy) 5/20/99 Common Stock 3,000 0 21,000 D Option (right to buy) 5/18/00 Common Stock 3,000 0 24,000 D Option (right to buy) 5/16/01 Common Stock 3,000 0 27,000 D Option (right to buy) 5/07/02 Common Stock 3,000 0 30,000 D Explanation of Responses: (1) Exercisable in 3 installments of 1,000 shares each; 5/13/95; 5/13/96; 5/13/97 (2) Exercisable in 3 installments of 1,000 shares each; 5/14/96; 5/14/97; 5/14/98 (3) Exercisable in 3 installments of 1,000 shares each; 5/11/97; 5/11/98; 5/11/99 (4) Exercisable in 3 installments of 1,000 shares each; 5/09/98; 5/09/99; 5/09/00 (5) Exercisable in 3 installments of 1,000 shares each; 5/08/99; 5/08/00; 5/08/01 (6) Exercisable in 3 installments of 1,000 shares each; 5/14/00; 5/14/01; 5/14/02 (7) Exercisable in 3 installments of 1,000 shares each; 5/20/01; 5/20/02; 5/20/03 (8) Exercisable in 3 installments of 1,000 shares each; 5/18/02; 5/18/03; 5/18/04 (9) Exercisable in 3 installments of 1,000 shares each; 5/16/02; 5/16/03; 5/16/04 (10) Exercisable in 3 installments of 1,000 shares each; 5/07/03; 5/14/04; 5/14/05 SIGNATURE OF REPORTING PERSON /S/ VAN DYKE III, WILLIAM D. DATE 03/18/03 ** Intentional mistatemements 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.