4 1 edgar.txt FORM 4 - MAY 31, 2002 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 Work, Harold K. 14643 Dallas Parkway Suite 1000 Dallas, TX 75240-8871 USA 2. Issuer Name and Ticker or Trading Symbol Elcor Corporation ELK 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year May 31, 2002 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) Chairman of the Board and Director 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)| | ___________________________________________________________________________________________________________________________________| Elcor Common Stock |5/31/0|P |V|16,875.0000 |A |10.72 | | | | |2 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| |5/31/0|P |V|16,875.0000 |A |8.8333 | | | | |2 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| |5/31/0|P |V|22,500.0000 |A |9.5556 | | | | |2 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| |5/31/0|P |V|22,500.0000 |A |8.3333 | | | | |2 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| |5/31/0|P |V|37,500.0000 |A |16.1133 | | | | |2 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| |5/31/0|S | |32,127.5448 |D |26.65 |309,881.9552 |D | | |2 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | |43,700.6230 |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)| | ___________________________________________________________________________________________________________________________________| Incentive Stock Option|$10.7222|5/31/|D |V|16,875 |D |8/16/|8/15/|Common Stock|16,875 |$10.722| |D | | (Right to Buy)* | |02 | | | | |94 |03 | | |2 | | | | -----------------------------------------------------------------------------------------------------------------------------------| |$8.8333 |5/31/|D |V|16,875 |D |8/29/|8/28/|Common Stock|16,875 |$8.8333| |D | | | |02 | | | | |95 |04 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| |$9.5556 |5/31/|D |V|22,500 |D |10/24|10/23|Common Stock|18,000 |$9.5556| |D | | | |02 | | | | |/96 |/05 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| |$8.3333 |5/31/|D |V|22,500 |D |10/22|20/21|Common Stock|13,500 |$8.3333| |D | | | |02 | | | | |/97 |/06 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| |$16.1133|5/31/|D |V|37,500 |D |10/28|10/27|Common Stock|15,000 |$16.113| |D | | | |02 | | | | |/98 |/07 | | |3 | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | |265,740 |D | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: * Granted under the 1998 Amended and Restated Elcor Corporation Incentive Stock Option Plan in transaction exempt under Rule 16b-3. The option is exercisable as to 20% of the number of shares set forth above one year after the effective date of the grant, with an additional 20% for each year thereafter until the option is exercisable as to 100% of such shares five years after the date of the grant. SIGNATURE OF REPORTING PERSON /s/ Harold K. Work DATE June 10, 2002