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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
Justiz, Manuel J.
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)
###-##-####
4. Statement for Month/Year
December, 1998
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)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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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 | | | | | | |1,000 |D | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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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)| |
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Phantom Common Stock U|(2) |(2) |A | |254.16 |A | | |Common Stock|254.16 | |3,366.66 |D | |
nits (1) | | | | | | | | | | | | | | |
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Director Stock Option |13.750 | | | | | |4/27/|4/26/|Common Stock| | |1,000 |D | |
| | | | | | |95 |05 | | | | | | |
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(Right to buy) | | | | | | | | | | | | | | |
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Director Stock Option |22.625 | | | | | |4/25/|4/24/|Common Stock| | |2,000 |D | |
| | | | | | |96 |06 | | | | | | |
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(Right to buy) | | | | | | | | | | | | | | |
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Director Stock Option |16.875 | | | | | |4/27/|4/26/|Common Stock| | |1,000 |D | |
| | | | | | |97 |07 | | | | | | |
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(Right to buy) | | | | | | | | | | | | | | |
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Director Stock Option |26.125 | | | | | |4/23/|4/22/|Common Stock| | |2,000 |D | |
| | | | | | |98 |08 | | | | | | |
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(Right to buy) | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
NOTES:
(1) Adjustments for stock splits or dividends made at time of
payment.
(2) Represents awards on 12/11/98 of 39.22 Phantom Common Stock Units priced
at $25.500 and on 12/30/98
of 72.35, 116.28 and 26.31 Phantom Common Stock Units priced at $24.188,
$21.500 and $19.000 respectively.
SIGNATURE OF REPORTING PERSON
/s/ Manuel J. Justiz BY: J.P. Rowan as Attorney-In-Fact
DATE
1/4/99