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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5 OMB APPROVAL
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[_] Check this box if no longer OMB NUMBER: 3235-0362
subject to Section 16. Form 4 Expires: SEPTEMBER 30, 1998
or Form 5 obligations may Estimated average burden
continue. SEE Instruction 1(b). hours per response ...... 1.0
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[_] Form 3 Holdings Reported
[X] Form 4 Transactions Reported
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
1. Name and Address of Reporting Person*
Shekar Narasimhan
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(Last) (First) (Middle)
1593 Spring Hill Road, #400
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(Street)
Vienna, VA 22182
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
The WMF Group, Ltd. (WMFG)
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3. IRS Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
December, 1998
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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
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X Officer (give Other (Specify
----- title below) ------ below)
President and Chief Executive Officer
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7. Individual or Joint/Group Reporting
(Check applicable line)
X Form Filed by one Reporting Person
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Form Filed by More than one Reporting Person
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<TABLE>
<CAPTION>
Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) action action or Disposed of (D) Securities Form: of Indirect
Date Code Beneficially Direct Beneficial
(Instr. 8) (Instr. 3,4 and 5) Owned at End (D) or Ownership
(Month/ -------------------------- Of Issuer's Indirect (Instr. 4)
Day/ Amount (A) or Price Fiscal Year (I)
Year) (D) (Instr. 3 and 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Restricted Common Stock,
$0.01 par value 12/31/98 A 20,000 A (1) 31,571(2) D(1)
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</TABLE>
*If the form is filed by more than one reporting person, see instruction
4(b)(v).
(Print or Type Responses)
(Over)
SEC 2270 (9/96)
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FORM 5 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. Conversion 3. Transaction 4. Transaction 5. Number of Derivative 6. Date Exercisable
(Instr. 3) or Exercise Date Code Securities Acquired (A) and Expiration
Price of (Month/Day/ (Instr. 8) or Disposed of (D) Date
Derivative Year) (Instr. 3, 4, and 5) (Month/Day/
Security Year)
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(A) (D) Date Expiration
Exer- Date
cisable
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<S> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
<TABLE>
<CAPTION>
7. Title and Amount of 8. Price of Derivative 9. Number of Derivative 10. Ownership of 11. Nature of
Underlying Securities Security (Instr. 5) Securities Beneficially Derivative Security: Indirect Beneficial
(Instr. 3 AND 4) Owned at End of Year Direct (D) or Ownership (Instr. 4)
(Instr. 4) Indirect (I) (Instr. 4)
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Title Amount or
Number of
Shares
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<S> <C> <C> <C> <C>
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Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Shekar Narasimhan February 2, 1999
_______________________________ ________________
**Signature of Reporting Person Date
Shekar Narasimhan
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information combined
in this form are not required to respond unless the form displays a currently
valid OMB number.
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SEC 2270 (9/96)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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Name and Address of Reporting Person Issuer Name and Ticker or Trading Symbol Statement for Month/Year
<S> <C> <C>
Shekar Narasimhan The WMF Group, Ltd. (WMFG) December, 1998
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1. The WMF Group, Ltd. (the "Company") granted Mr. Narasimhan 20,000 shares of restricted stock as partial consideration for his
services as an officer and employee of the Company. The shares of restricted stock will vest (A) if there is a transfer of
control of the Company resulting in the termination of Mr. Narasimhan, or (B) if the Company achieves certain performance goals.
If the shares of restricted stock have not vested before Midnight on June 30, 2000, the restricted shares will be automatically
forfeited. The shares of restricted stock may also be forfeited in certain other circumstances.
2. Includes 11,571 shares of unrestricted common stock and 20,000 shares of restricted common stock.
</TABLE>
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SEC 2270 (9/96)
