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WACKENHUT CORRECTIONS CORPORATION
Filing Type:
4
Description:
Statement of Changes of Beneficial Ownership
Filing Date:
Feb 14, 2003
Period End:
Feb 12, 2003
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
Calabrese, Wayne H.
c/o Wackenhut Corrections 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
February, 2003
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)
President and Chief Operating 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)| |
_____________________________________________________________________________
______________________________________________________|
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 |3.750 | | | | | |11/6/|5/5/0|
| | |20,000 |D | |
(Right to Buy) | | | | | | |94 |4 |
| | | | | |
- -----------------------------------------------------------------------------
- ------------------------------------------------------|
Employee Stock Option |22.625 | | | | | |4/25/|4/24/|
| | |10,000 |D | |
(Right to Buy) | | | | | | |96 |06 |
| | | | | |
- -----------------------------------------------------------------------------
- ------------------------------------------------------|
Employee Stock Option | 21.500 | | | | | | 1/23|1/22/|
| | | 10,000 |D | |
(Right to Buy) | | | | | | |/97 |07 |
| | | | | |
- -----------------------------------------------------------------------------
- ------------------------------------------------------|
Employee Stock Option |25.0625 | | | | | |1/23/|1/22/|
| | |20,000 |D | |
(Right to Buy) | | | | | | |98 |08 |
| | | | | |
- -----------------------------------------------------------------------------
- ------------------------------------------------------|
Employee Stock Option|18.6250 | | | | | |2/18/|2/17/|
| | |25,000 |D | |
(Right to Buy) | | | | | | |99 |09 |
| | | | | |
- -----------------------------------------------------------------------------
- ------------------------------------------------------|
Employee Stock Option |8.4375 | | | | | |2/17/|2/16/|
| | |50,000 |D | |
(Right to Buy) | | | | | | |00 |10 |
| | | | | |
- -----------------------------------------------------------------------------
- ------------------------------------------------------|
Employee Stock Option |9.3000 | | | | | |2/8/0|2/8/1|
| | |50,000 |D | |
(Right to Buy) | | | | | | |1 |1 |
| | | | | |
- -----------------------------------------------------------------------------
Employee Stock Option |15.400 | | | | | |2/7/0|2/7/1|
| | |50,000 |D | |
(Right to Buy) | | | | | | |2 |2 |
| | | | | |
- -----------------------------------------------------------------------------
- ------------------------------------------------------|
Employee Stock Option |9.510 |2/12/03|A | |14,182 |A |2/12/|2/12/|
Common Stock| | |14,182 |D | |
(Right to Buy) | | | | | | |03 |13 |
| | | | | |
_____________________________________________________________________________
______________________________________________________|
Explanation of Responses:
Mr. Calabrese holds 249,182 unexercised stock options.
SIGNATURE OF REPORTING PERSON
/s/ Wayne H. Calabrese BY: K. Mendell
DATE
2/14/03