4 1 calabrese.txt WACKENHUT CORRECTIONS CORPORATION Filing Type: 4 Description: Statement of Changes of Beneficial Ownership Filing Date: Feb 14, 2003 Period End: Feb 12, 2003 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 Calabrese, Wayne H. c/o Wackenhut Corrections 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 February, 2003 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) President and Chief Operating Officer 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)| | _____________________________________________________________________________ ______________________________________________________| 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 |3.750 | | | | | |11/6/|5/5/0| | | |20,000 |D | | (Right to Buy) | | | | | | |94 |4 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option |22.625 | | | | | |4/25/|4/24/| | | |10,000 |D | | (Right to Buy) | | | | | | |96 |06 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option | 21.500 | | | | | | 1/23|1/22/| | | | 10,000 |D | | (Right to Buy) | | | | | | |/97 |07 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option |25.0625 | | | | | |1/23/|1/22/| | | |20,000 |D | | (Right to Buy) | | | | | | |98 |08 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option|18.6250 | | | | | |2/18/|2/17/| | | |25,000 |D | | (Right to Buy) | | | | | | |99 |09 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option |8.4375 | | | | | |2/17/|2/16/| | | |50,000 |D | | (Right to Buy) | | | | | | |00 |10 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option |9.3000 | | | | | |2/8/0|2/8/1| | | |50,000 |D | | (Right to Buy) | | | | | | |1 |1 | | | | | | | ----------------------------------------------------------------------------- Employee Stock Option |15.400 | | | | | |2/7/0|2/7/1| | | |50,000 |D | | (Right to Buy) | | | | | | |2 |2 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option |9.510 |2/12/03|A | |14,182 |A |2/12/|2/12/| Common Stock| | |14,182 |D | | (Right to Buy) | | | | | | |03 |13 | | | | | | | _____________________________________________________________________________ ______________________________________________________| Explanation of Responses: Mr. Calabrese holds 249,182 unexercised stock options. SIGNATURE OF REPORTING PERSON /s/ Wayne H. Calabrese BY: K. Mendell DATE 2/14/03