4 1 justiz.txt WACKENHUT CORRECTIONS CORPORATION Filing Type: 4 Description: Statement of Changes of Beneficial Ownership Filing Date: September 4, 2001 Period End: August 7, 2001 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 Justiz, Manuel J. c/o The Wackenhut 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 August, 2001 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) 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 |8/7/01|S | |1,000 |D |$13.9300 |0 | | | -------------------------------------------------------------------------------- -----------------------------------------------| Common Stock |8/7/01|M | |2,000 |A |$7.875 |0 | | | -------------------------------------------------------------------------------- -----------------------------------------------| Common Stock |8/7/01|S | |2,000 |D |$13.9123 |0 | | | -------------------------------------------------------------------------------- -----------------------------------------------| Common Stock |8/7/01|M | |2,000 |A |$11.95 |0 | | | -------------------------------------------------------------------------------- -----------------------------------------------| Common Stock |8/7/01|S | |2,000 |D |$13.9123 |0 | | | _____________________________________________________________________________ ______________________________________________________| 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)| | _______________________________________________________________________________ Phantom Common Stock U|(1) | | | | | | | |Common Stock| | |5,151.44 |D | | nits (1) | | | | | | | | | | | | | | | -------------------------------------------------------------------------------- -----------------------------------------------| Director Stock Option |13.750 | | | | | |4/27/|4/26/|Common Stock| | |1,000 |D | | (Right to Buy) | | | | | | |95 |05 | | | | | | | -------------------------------------------------------------------------------- -----------------------------------------------| Director Stock Option | 22.625 | | | | | | 4/25| 4/24| Common Stock| | |2,000 |D | | (Right to Buy) | | | | | | |/96 |/06 | | | | | | -------------------------------------------------------------------------------- -----------------------------------------------| Director Stock Option |16.875 | | | | | | 4/27| 4/26|Common Stock| | |1,000 |D | | (Right to Buy) | | | | | | |/97 |/07 | | | | | | | -------------------------------------------------------------------------------- -----------------------------------------------| Director Stock Option | 26.125 | | | | | | 4/23| 4/22| Common Stock| | | 2,000 |D | | (Right to Buy) | | | | | | |/98 |/08 | | | | | | -------------------------------------------------------------------------------- -----------------------------------------------| Director Stock Option | 18.375 | | | | | | 5/6/| 5/5/|Common Stock| | |2,000 |D | | (Right to Buy) | | | | | | |99 |09 | | | | | | -------------------------------------------------------------------------------- -----------------------------------------------| Director Stock Option |7.8750 |8/7/01|M | |2,000 |D |5/4/0|5/3/1| Common Stock| | |0 | | | (Right to Buy) | | | | | | |0 |0 | | | | | | | -------------------------------------------------------------------------------- -----------------------------------------------| Director Stock Option |11.95 |8/7/01|M | |2,000 |D |5/3/0|5/3/1| Common Stock| | |0 | | | (Right to Buy) | | | | | | |1 |1 | | | | | | | ________________________________________________________________________________ _______________________________________________| Explanation of Responses: NOTES: (1) Adjustments for stock splits or dividends made at time of payment. As of August 31, 2001, Manuel J. Justiz holds 8,000 stock options exercisable at various prices. SIGNATURE OF REPORTING PERSON /s/ Manuel J. Justiz BY: Kenneth J. Mendell DATE September 4, 2001