WACKENHUT CORRECTIONS CORP
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
(X) 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
Wackenhut, George R.
c/o The Wackenhut Corporation
4200 Wackenhut Drive #100
Palm Beach Gardens, FL 33410-4243
USA
2. Issuer Name and Ticker or Trading Symbol
Wackenhut Corrections Corporation
WHC
3. IRS or Social Security Number of Reporting Person (Voluntary)
144-01-3359
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)
( ) Director ( ) 10% Owner ( ) Officer (give title below) (X) Other
(specify below)
Resigned as a Director on May 8, 2002
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)| |
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______________________________________________________|
Common Stock |5/7/02 |M | |74,666 |A |$3.75
|0
| | |
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Common Stock |5/7/02 |M | |32,864 |A |$1.20
|0
| | |
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Common Stock |5/10/02|S | |93,830 |D |$15.00
|0
| | |
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Common Stock |5/13/02|S | |13,700 |D |$15.02
|0
| | |
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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)| |
_____________________________________________________________________________
______________________________________________________|
Employee Stock Option |3.75 |5/7/02|M | |74,666 |D |05/06|05/05|
| | |0 | | |
(Right to buy) | | | | | | |/94 |/04 |
| | | | |
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Employee Stock Option |1.20 |5/7/02|M | |32,864 |D |03/01|02/28|
| | |0 | | |
(Right to buy) | | | | | | |/94 |/04 |
| | | | |
_____________________________________________________________________________
______________________________________________________|
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
/s/ George R. Wackenhut BY: K. Mendell
DATE
6/5/02