Prepared by Kilpatrick Stockton LLP EDGAR Services

Form 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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(f) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number: 3235-0287

Expires: PENDING

[   ]

Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See instructions 1(b).

Estimated average burden
hours per response. . . 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person*

 Wells, John R.

2. Issuer Name and Ticker or Trading Symbol

          Interface, Inc. (IFSIA)

6. Relationship of Reporting Person(s) to Issuer
    (Check all applicable)
___   Director                    ____ 10% Owner
_X__ Officer (give                      Other (specify
           title below)                        below)

Senior Vice President

   (Last)                               (First)                       (Middle)

  2859 Paces Ferry Road, Suite 2000

 3. I.R.S. Identification Number
    of Reporting Person, if an
    entity voluntary)

 4. Statement for
    Month/Year

January 2002

(Street)

  Atlanta, Georgia  30339

5. If Amendment, Date of
    Original (Month/Year)

7. 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)

3. Transaction
    Code
    (Instr. 8)

4. Securities Acquired (A) or Disposed of
    (D)   (Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)

6. Owner-
ship Form:
Direct (D) or Indirect (I)
(Instr. 4)

7. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

Amount

(A) or (D)

Price
Class B Common Stock (Restricted)

1/2/02

A

 V

 20,000

A

  

171,666

D

  
                   
                   

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instructions 4(b)(v).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

(Over)
SEC 1474 (3-99)

 

FORM 4 (continued)

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)

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 at
End of
Month
(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

Employee Stock Option
(right to buy)

5.60

1/02/02

A

V

20,000

 

*1/02/03

1/02/12

Class A or Class B Common Stock

2 ,000

0

20,000

D

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Explanation of Responses:

*  The option vests and becomes exercisable at the rate of 20% per year; the first increment will
    become exercisable on January 2, 2003.

  

**

Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

/s/ John R. Wells
John R. Wells
**Signature of Reporting Person

1-30-02

Date
 

Note:

File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number.

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