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FORM 3 OMB APPROVAL
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OMB Number 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response...... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Drucker Ronald W. Statement Trading Symbol of Original
- ---------------------------------------- (Month/Day/Year) (Month/Day/Year)
(Last) (First) (Middle) 8/4/98 RailWorks Corporation 7/23/98
c/o Comstock Holdings, Inc. ---------------------------- RWKS -----------------------
One North Lexington Avenue ----------------------------------
- ---------------------------------------- 3. IRS Identification 5. Relationship of Reporting 7. Individual or Joint/
(Street) Number of Reporting Person to Issuer Group Filing (Check
White Plains New York 10601 Person, if an Entity (Check all applicable) applicable line)
- ---------------------------------------- (Voluntary) X Director 10% Owner X Form filed by
(City) (State) (Zip) ---------------------------- ----- ----- ----- One Reporting
Officer Other Person
----- (give ----- (specify Form filed by
title below) below) ----- More than One
Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 4)
(Instr. 5)
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*If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security Direct
------------------------------------------------- (D) or
Date Expira- Amount or Indirect
Exercis- tion Title Number (I)
able Date of Shares (Instr.
5)
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Stock Option (Right to buy) (1) August 4, 2008 Common Stock 10,000 $12.00 D
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Explanation of Responses:
(1) Exercisable in 25% increments on each of 8/4/99, 8/4/00, 8/4/01 and 8/4/02.
/s/ Linda Hazelton, Power of Attorney 9/2/98
**Intentional misstatements or omissions of facts constitute Federal Criminal -------------------------------------- -----------
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
Note. File three copies of this form, one of which must be manually signed. Page 2
If space provided is insufficient, See Instruction 6 for procedure.
(Print or Type Responses)
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POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS that the undersigned hereby constitutes
and appoints John Kennedy, Harold C. Kropp, Jr. and Linda Hazelton, and each of
them, the true and lawful agents and attorneys-in-fact of the undersigned, with
full power to appoint a substitute or substitutes to act hereunder, for the
undersigned and in his name, to execute and file with the Securities Exchange
Commission on behalf of the undersigned or on behalf of any trust with respect
to which the undersigned serves as a trustee, any Form 3s, Form 4s or Form 5s
(or any amendments thereto) required to be so executed and filed by the
undersigned or any such trust with respect to which the undersigned serves as
trustee under Section 16(a) of the Securities Exchange Act of 1934, as amended
(the "Act"), and the rules and regulations promulgated thereunder. The
undersigned hereby gives to said agents and attorneys-in-fact, and to each of
them, full power and authority to act in the premises, including, but not
limited to, full power and authority to determine in his or their sole
discretion the time when, purpose for and manner in which any powers herein
conferred shall be exercised. The undersigned hereby ratifies and confirms all
that said agents and attorneys-in-fact, or any of them, or any substitute or
substitutes, may do by virtue hereof. This power of attorney shall remain valid
and in full force and effect until the earlier of (i) the date on which the
undersigned is no longer subject to the reporting requirements under Section
16(a) of the Act and the rules and regulations promulgated thereunder and (ii)
the date on which this power of attorney is revoked in writing by the
undersigned.
IN WITNESS WHEREOF, the undersigned has duly executed this Power of
Attorney this 13th day of August, 1998.
/s/ Ronald W. Drucker
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(Signature)
Ronald W. Drucker
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(Print Name)
Sworn to and subscribed
before me this 13th day
of August, 1998
/s/ Patricia M. O'Donohue
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Notary Public
My Commission expires:
Patricia M. O'Donohue
Notary Public, State of New York
No. 03-4947503
Qualified in Westchester County
Commission Expires Feb. 27, 1999
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[Notarial Seal]
