4 1 edgar.txt FORM 4 - 12/31/2002 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 LOR, INC. c/o RPC, Inc. 2170 Piedmont Road, N.E. Atlanta, GA 30324 USA 2. Issuer Name and Ticker or Trading Symbol RPC, INC. RES 3. IRS or Social Security Number of Reporting Person (Voluntary) 58-1317627 4. Statement for Month/Year 12/31/2002 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) 10% Owner 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)| | ___________________________________________________________________________________________________________________________________| Common Stock |12-31-|J(A)| |12,493,828 |D | |0 |D | | |02 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |12-31-|J(A)| |1,223,000 |D | |0 |I |By Limited Libility Company| |02 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |12-31-|J(A)| |16,972,692 |A | |16,972,692(2) |I |Indirect - RFPS Investments| |02 | | | | | | | | II, L.P. | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ 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)| | ___________________________________________________________________________________________________________________________________| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: (a) On December 31, 2002, all RPC, Inc. ("RPC") shares held directly by Reporting Person and RPC shares held indirectly by Reporting Person through RCTLOR, LLC, a Georgia limited liability company for which Reporting Person acts as Manager, were contributed to RFPS Investments II, L.P. ("RFPS"), a Georgia limited partnership, of which LOR Investment Company, LLC, a wholly owned Georgia limited liability company of the Reporting person is the General Partner. The Reporting Person has elected to report all of the shares held by RFPS, but disclaims beneficial ownership of the shares in excess of its pecuniary interest. SIGNATURE OF REPORTING PERSON LOR, Inc., by Glenn P. Rollins, asst secretary DATE ______________, 200_