WACKENHUT CORRECTIONS CORPORATION
Filing Type:
4
Description:
Statement of Changes of Beneficial
Ownership
Filing Date:
Jun 5, 2002
Period End:
May 31, 2002
Primary Exchange:
New York Stock Exchange
Ticker:
WHC
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Glanton, Richard H.
c/o Wackenhut Corrections Corporation
4200 Wackenhut Drive #100
Palm Beach Gardens, FL 33410
USA
2. Issuer Name and Ticker or Trading Symbol
Wackenhut Corrections Corporation
WHC
3. IRS or Social Security Number of Reporting Person (Voluntary)
260-70-7618
4. Statement for Month/Year
May, 2002
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
Director
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
Owned
1. Title of Security |2. |3. |4.Securities Acquired (A)
|5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) |
Securities |ect | Beneficial Ownership |
| | | |
Beneficially |(D)or | |
| | | | | A/| |
Owned
at |Indir | |
| Date |Code|V| Amount | D | Price |
End
of Month |ect(I)| |
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title
and
Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of
Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration |
Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/|
|Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) |
|rity |Benefi |or | |
|Deriva- | | | |Date |Expir|
| |ficially |Ind| |
|tive | | | | A/|Exer-|ation|
Title
and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of
Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | |
| |Month |(I)| |
_______________________________________________________________________________
Phantom Common Stock U|7.5054 | (2) | | | | | | |Common
Stock| | |4,615.46 |D | |
nits (1) | | | | | | | | |
| | | | | |
-------------------------------------------------------------------------------
-----------------------------------------------|
Director Stock Option |26.125 | | | | | |4/23/|4/22/|Common
Stock| | |2,000 |D | |
(Right to Buy) | | | | | | |98 |08 |
| | | | | |
--------------------------------------------------------------------------------
-----------------------------------------------|
Director Stock Option| 18.3750| | | | | | 5/6/| 5/5/| Common
Stock| | |2,000 |D | |
(Right to Buy) | | | | | | |99 |09 |
| | | | | |
--------------------------------------------------------------------------------
-----------------------------------------------|
Director Stock Option| 11.95 | | | | | |5/3/0|5/3/1|Common
Stock| | |2,000 |D | |
(Right to Buy) | | | | | | |1 |1 |
| | | | | |
-------------------------------------------------------------------------------
-----------------------------------------------|
Director Stock Option |15.90 |5/2/0|A | |2,000 |A |5/2/0|5/2/1|Common
Stock|2,000 | |2,000 |D | |
(Right to Buy) | |2 | | | | |2 |2 |
| | | | | |
_______________________________________________________________________________
_______________________________________________|
Explanation of Responses:
NOTES:
(1) Adjustments for stock splits or dividends made at time of
payment.
(2) Represents the weighted average price for 5/3/00 grant of 1,070.86 units at
$7.9375, 5/4/00 grant of 317.46
units at $7.8750 and 5/16/00 grant of 210.53 units at $7.1250.
SIGNATURE OF REPORTING PERSON
/s/ Richard H. Glanton BY Kenneth J. Mendell
DATE
June 5, 2002