WACKENHUT CORRECTIONS CORP
Filing Type:
4
Description:
Statement of Changes of Beneficial Ownership
Filing Date:
Mar 5, 2002
Period End:
Feb 7, 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
Zoley, George C.
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)
286-46-0854
4. Statement for Month/Year
February, 2002
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice Chairman and Chief Executive Officer
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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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 |22.625 | | | | | |4/25/|4/24/|
| | |20,000 |D | |
(Right to Buy) | | | | | | |96 |06 |
| | | | | |
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Employee Stock Option | 21.500 | | | | | |1/23/|1/22/|
| | |20,000 |D | |
(Right to Buy) | | | | | | |97 |07 |
| | | | | |
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Employee Stock Option |25.0625 | | | | | |1/23/|1/22/|
| | |30,000 |D | |
(Right to Buy) | | | | | | |98 |08 |
| | | | | |
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---
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Employee Stock Option |18.6250 | | | | | |2/18/|2/17/|
| | |33,000 |D | |
(Right to Buy) | | | | | | |99 |09 |
| | | | | |
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---
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Employee Stock Option |8.4375 | | | | | |2/17/|2/16/|
| | |70,000 |D | |
(Right to Buy) | | | | | | |00 |10 |
| | | | | |
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---
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Employee Stock Option |9.300 | | | | | |2/8/0|2/8/1|
| | |70,000 |D | |
(Right to Buy) | | | | | | |1 |1 |
| | | | | |
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---
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Employee Stock Option |15.400|2/7/02 |A | |75,000 |A |2/7/0|2/7/1|
Common Stock| | |75,000 |D | |
(Right to Buy) | | | | | | |2 |2 |
| | | | | |
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Explanation of Responses:
Mr. Zoley holds 318,000 unexercised stock options.
SIGNATURE OF REPORTING PERSON
/s/ George C. Zoley BY: K. Mendell
DATE
3/5/02