4 1 wackenhutgeorge.txt WACKENHUT CORRECTIONS CORP Filing Type: 4 Description: Statement of Changes of Beneficial Ownership Filing Date: Jun 5, 2002 Period End: May 31, 2002 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 (X) 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 Wackenhut, George R. 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 May, 2002 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( ) 10% Owner ( ) Officer (give title below) (X) Other (specify below) Resigned as a Director on May 8, 2002 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 |5/7/02 |M | |74,666 |A |$3.75 |0 | | | ----------------------------------------------------------------------------- -----------------------------------------------| Common Stock |5/7/02 |M | |32,864 |A |$1.20 |0 | | | ----------------------------------------------------------------------------- -----------------------------------------------| Common Stock |5/10/02|S | |93,830 |D |$15.00 |0 | | | ----------------------------------------------------------------------------- -----------------------------------------------| Common Stock |5/13/02|S | |13,700 |D |$15.02 |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)| | _____________________________________________________________________________ ______________________________________________________| Employee Stock Option |3.75 |5/7/02|M | |74,666 |D |05/06|05/05| | | |0 | | | (Right to buy) | | | | | | |/94 |/04 | | | | | | ----------------------------------------------------------------------------- -----------------------------------------------| Employee Stock Option |1.20 |5/7/02|M | |32,864 |D |03/01|02/28| | | |0 | | | (Right to buy) | | | | | | |/94 |/04 | | | | | | _____________________________________________________________________________ ______________________________________________________| Explanation of Responses: SIGNATURE OF REPORTING PERSON /s/ George R. Wackenhut BY: K. Mendell DATE 6/5/02