FORM 4
( ) Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may continue.
See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |_____________________|
|OMB NUMBER: 3235-0287|
|EXPIRES: |
| SEPTEMBER 30, 1998 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
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1. Name and Address of Reporting Person
Stuart L. Scott
c/o LaSalle Partners Incorporated
200 East Randolph Drive
Chicago, IL 60601
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2. Issuer Name and Ticker or Trading Symbol
LaSalle Partners Incorporated, LAP
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3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
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4. Statement for Month/Year
7/97
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of reporting person to Issuer (Check all applicable)
(X) DIRECTOR
( ) 10% OWNER
(X) OFFICER (GIVE TITLE BELOW)
( ) OTHER (SPECIFY TITLE BELOW)
Chief Executive Officer
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7. Individual, or Joint/Group Filing (Check all applicable)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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TABLE I
Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security (Instr. 3)
Common Stock, par value $.01 ("Common Stock")
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2. Transaction Date (Month/Day/Year)
July 22, 1997
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3. Transaction Code (Instr. 8)
S
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
57,000 shares of Common Stock, D, $21.39 per share
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5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
690,255
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6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
(I)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
See explanation below
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
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TABLE II
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible securities)
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1. Title of Derivative Security (Instr. 3)
Not applicable
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2. Conversion or Exercise Price of Derivative Security
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3. Transaction Date (Month/Day/Year)
____________________________________________________________________________
4. Transaction Code (Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
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6. Date Exercisable and Expiration Date (Month/Day/Year)
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7. Title and Amount of Underlying Securities (Instr. 3 and 4)
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8. Price of Derivative Securities (Instr. 5)
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9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
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10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
____________________________________________________________________________
11. Nature of Indirect Beneficial Ownership (Instr. 4)
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EXPLANATION OF RESPONSES:
The 690,255 shares of Common Stock referred to in Item 5 of Table I
represent the pro rata portion (based on his general and limited
partnership interests) of the shares held by DEL-LPL Limited Partnership
("DEL-LPL"), DEL/LaSalle Finance Company, L.L.C. ("DEL/LaSalle") and DEL-
LPAML Limited Partnership ("DEL-LPAML") that may be attributable to Mr.
Scott. The 57,000 shares of Common Stock referred to in Item 4 of Table I
represent the pro rata portion of the 600,000 shares of Common Stock of
the Issuer sold by DEL/LaSalle pursuant to an over-allotment option
granted to the U.S. underwriters of the initial public offering of the
Issuer that may be attributable to Mr. Scott. Mr. Scott disclaims
beneficial ownership of the shares of Common Stock held by DEL-LPL,
DEL/LaSalle and DEL-LPAML.
/s/ Stuart L. Scott August 11, 1997
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** SIGNATURE OF REPORTING PERSON DATE
_____________________________
** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).
