Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CALABRESE WAYNE H
   2. Issuer Name and Ticker or Trading Symbol
GEO GROUP INC [GEO] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and COO
(Last)
(First)
(Middle)
ONE PARK PLACE, SUITE 700, 621 NW 53RD STREET		 3. Date of Earliest Transaction (Month/Day/Year)
05/07/2010
(Street)

BOCA RATON, FL 33487		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Restricted Stock               98,229 D  
Common Stock 05/07/2010   M   150,000 A $ 5.1334 336,356 D  
Common Stock 05/07/2010   M   42,546 A $ 3.17 378,902 D  
Common Stock 05/07/2010   M   109,095 A $ 4.6667 487,997 D  
Common Stock 05/07/2010   S   154,300 (1) D $ 20.26 333,697 D  

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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 5.1334 05/07/2010   M     150,000 02/07/2002 02/07/2012 Common Stock 150,000 $ 5.1334 0 D  
Stock Option $ 3.17 05/07/2010   M     42,546 02/12/2003 02/12/2013 Common Stock 42,546 $ 3.17 0 D  
Stock Option $ 4.6667 05/07/2010   M     109,095 05/01/2003 05/01/2013 Common Stock 109,095 $ 4.6667 0 D  
Stock Option $ 6.0833             08/05/2004 08/05/2014 Common Stock 18,966   18,966 D  
Stock Option $ 7.51             03/02/2006 03/02/2016 Common Stock 14,799   14,799 D  
Stock Option $ 16.69             10/30/2008 10/30/2018 Common Stock 30,000   30,000 D  
Stock Option $ 21.07             10/28/2009 10/28/2019 Common Stock 30,000   30,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CALABRESE WAYNE H
ONE PARK PLACE, SUITE 700
621 NW 53RD STREET
BOCA RATON, FL 33487		   X     President and COO  

Signatures

 John J. Bulfin, as Attorney-in-Fact for Wayne H. Calabrese   05/11/2010
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) These shares of common stock were sold by Mr. Calabrese to The GEO Group, Inc. ("GEO") on May 7, 2010 at a price per share of $20.26, which was the closing trading price of GEO common stock on that date. GEO repurchased the shares pursuant to its recently announced $80 million stock buyback program. Mr. Calabrese used the proceeds of this sale to fund the exercise on May 7, 2010 of stock options with respect to 301,641 shares of common stock (as further described in Table II), and to pay taxes associated with the exercise of such stock options.

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