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WACKENHUT CORRECTIONS CORP
Filing Type:
4
Description:
Statement of Changes of Beneficial Ownership
Filing Date:
May 2, 2003
Period End:
May 1, 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
Zoley, George C.
c/o Wackenhut Corrections Corporation
One Park Place, Suite 700
621 Northwest 53rd Street
Boca Raton, FL 33487
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
May, 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)
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)| |
_____________________________________________________________________________
___
___________________________________________________|
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 |
| | | | | |
- -----------------------------------------------------------------------------
- ---
- ---------------------------------------------------|
Employee Stock Option | 21.500 | | | | | |1/23/|1/22/|
| | |20,000 |D | |
(Right to Buy) | | | | | | |97 |07 |
| | | | | |
- -----------------------------------------------------------------------------
- ---
- ---------------------------------------------------|
Employee Stock Option |25.0625 | | | | | |1/23/|1/22/|
| | |30,000 |D | |
(Right to Buy) | | | | | | |98 |08 |
| | | | | |
- -----------------------------------------------------------------------------
- ---
- ---------------------------------------------------|
Employee Stock Option |18.6250 | | | | | |2/18/|2/17/|
| | |33,000 |D | |
(Right to Buy) | | | | | | |99 |09 |
| | | | | |
- -----------------------------------------------------------------------------
- ---
- ---------------------------------------------------|
Employee Stock Option |8.4375 | | | | | |2/17/|2/16/|
| | |70,000 |D | |
(Right to Buy) | | | | | | |00 |10 |
| | | | | |
- -----------------------------------------------------------------------------
- ---
- ---------------------------------------------------|
Employee Stock Option |9.300 | | | | | |2/8/0|2/8/1|
| | |70,000 |D | |
(Right to Buy) | | | | | | |1 |1 |
| | | | | |
- -----------------------------------------------------------------------------
- ---
- ---------------------------------------------------|
Employee Stock Option |15.400 | | | | | |2/7/0|2/7/1|
| | |75,000 |D | |
(Right to Buy) | | | | | | |2 |2 |
| | | | | |
- -----------------------------------------------------------------------------
- ---
- ---------------------------------------------------|
Employee Stock Option |9.510 | | | | | |2/12/|2/12/|
| | |21,273 |D | |
(Right to Buy) | | | | | | |03 |13 |
| | | | | |
- -----------------------------------------------------------------------------
- ------------------------------------------------------|
Employee Stock Option |14.00 |5/01/03|A | |54,545 |A |5/01/|5/01/|
Common Stock| | |54,545 |D | |
(Right to Buy) | | | | | | |03 |13 |
| | | | | |
_____________________________________________________________________________
______________________________________________________|
Explanation of Responses:
Mr. Zoley holds 393,818 unexercised stock options.
SIGNATURE OF REPORTING PERSON
/s/ George C. Zoley BY: K. Mendell
DATE
5/02/03