South African Nick Price, labeled a choker when he blew the 1982 British Open title, shot a bogeyless, three-under-par 67 today for a four-stroke victory over Jack Nicklaus in the $500,000 World Series of Golf.

Price, 26, a seven-year professional but a rookie on the PGA Tour, won his first tournament since 1981 with a 270 total.

Nicklaus, who started the day six shots behind Price, shot 65 today. Johnny Miller was third at 67--275, and Hale Irwin (71), Ray Floyd (69), Mark McCumber (69) and Tom Watson, who matched Nicklaus' final-round 65, finished at 276.

Price's rounds of 66, 68, 69 and 67 over the South Course at the Firestone Country Club made him the only man to lead in every round in the 22 years of the tournament.

"The thing I'm happy about is winning like I did today," he said. "I didn't have any bogeys. I knew I had the game to win tournaments, but I didn't know for sure."

After starting with a two-shot lead, he built it to three with a birdie 4 on the second hole. Over the last nine holes, he led by at least four shots.

If there was a question about his ability to hold up, it was settled on the 15th. Price put his tee shot on the par-3 in a bunker. But he recovered with a brilliant sand shot within a foot of the flag and tapped in for par.