Reply To: How should I restore my Grandfather's Stanley No. 4?
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First, welcome! I think you will find this to be a great starting point for your journey into hand tool wood working.
As to your plane, I believe it to be a type 15 made in 1931-32. There is an excellent resource here: http://www.hyperkitten.com/tools/stanley_bench_plane/start_flowchart.php
As far as restoration goes, there are a *ton* of articles and vids out there but its pretty simple, really. If you just want to clean it up a bit for the sake of useability, I would take the plane apart and soak everything but the wood and brass pieces in Evaporust. Its a great product that is non-corrosive and will strip most rust in 24 hours, leaving behind only a black residue, which is easily removed by rinsing in water followed by a treatment with a Scotch brite pad and WD 40 that will leave everything shiny and looking almost like new. You can refinish the wood if you want as well and use some brass cleaner to shiny up the brass bits or just leave them as is.
Putting the plane into working order is another story; again there are a ton of resources out there for this process but the very basic steps are to flatten the bottom, sharpen the iron and set it up. Paul has some good stuff here and on his blog and a quick web search will turn up a lot more.
Good luck and don’t be afraid to ask specific questions if you run into trouble!