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 ROLLINS, GARY W. 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) 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) (X) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) Director and 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)| |371,756 |D | |0 |I |RIF - Trustee | |02 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |12-31-|J(A)| |313,220 |D | |0 |I |RIF - Gen. Ptnr. | |02 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |12-31-|J(A)| |54,720 |D | |80,960 |I |Co-Trustee of Trust | |02 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |12-31-|J(A)| |12,493,828 |D | |0 |I |LOR, Inc. | |02 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |12-31-|J(A)| |1,223,000 |D | |0 |I |By Limited Liability Compan| |02 | | | | | | | |y | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |12-31-|J(A)| |75,184 |D | |0 |I |Cust./Guardian/Trustee of T| |02 | | | | | | | |rust | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |12-31-|J(A)| |345,600 |D | |0 |I |Rollins Holding Co. | |02 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |12-31-|J(A)| |16,972,692 |A | |16,972,692 |I |Indirect-RFPS Investments I| |02 | | | | | | | |I, L.P. | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | |100,004 |I |By Spouse | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | |675,282 |D | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ 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)The Reporting Person beneficially and indirectly owns a portion of the RPC, Inc. (RPC) shares owned by the following entities: LOR, Inc. a Georgia corporation Rollins Holding Company, Inc., a Georgia corporation Rollins Investment Fund, a Georgia general partnership The Reporting Person reports indirect holdings of RPC shares as Trustee, co-Trustee or Manager of the following entities but has no pecuniary interest in these shares: RCTLOR, LLC, a Georgia limited liability company, through LOR, Inc., its Manager RRR Grandchildren's Custodial Partnership II, L.P., a Georgia limited partnership RRR Grandchildren's Custodial Partnership III, L.P., a Georgia limited partnership 1997 RRR Grandchildren's Partnership, a Georgia general partnership All shares owned by the above entities were contributed to RFPS Investments II, L.P. (RFPS), a Georgia limited partnership, along with RPC shares contributed by the following entities and persons on formation of RFPS: Grace C. Rollins, individually Pamela R. Rollins, individually Timothy C. Rollins, individually Amy Rollins Kreisler, individually Nancy Rollins Griffith, individually 1976 Gary W. Rollins Grandchildren's Trust as co-Trustee 2001 RRR, Jr. Grantor Trust, as Trustee RWR Management Company, LLC, a Georgia limited liability company, as Manager and Trustee of its sole Member The general partner of RFPS is LOR Investment Company, LLC, a Georgia limited liability company, wholly owned by LOR, Inc. The Reporting Person is an officer, director and shareholder of LOR, Inc. As a result of the contribution to RFPS, the Reporting Person now reports an indirect interest in all of the RPC shares held by RFPS. The Reporting Person disclaims ownership of these shares in excess of his pecuniary interest. SIGNATURE OF REPORTING PERSON Gary W. Rollins DATE __________, 200__