<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5 OMB APPROVAL
-----------------------------
[_] 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
-----------------------------
[_] Form 3 Holdings Reported
[_] Form 4 Transaction 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*
May, Joan C.
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
1593 Spring Hill Road, #400
- --------------------------------------------------------------------------------
(Street)
Vienna, VA 22182
- --------------------------------------------------------------------------------
(City) (State) (Zip)
- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
The WMF Group, Ltd. (WMFG)
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)
- --------------------------------------------------------------------------------
4. Statement for Month/Year
December, 1999
- --------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Year)
- --------------------------------------------------------------------------------
6. Relationship of Reporting Person to Issuer
(Check all applicable)
Director 10% Owner
----- ------
X Officer (give Other (Specify
----- title below) ------ below)
Senior Vice President
----------------------------------
- --------------------------------------------------------------------------------
7. Individual or Joint/Group Reporting
(check if appicable line)
X Form Filed By One Reporting Person
------
Form Filed By More than One Reporting Person
------
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Trans- 3. Trans- 4. Secuirties 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)
- -------------------------- ---------- ------ ---- -------- ------ ------ ---------------- ------------ -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
Restricted common stock,
$0.01 par value 12/31/99 A 4,500 A (1) 5,500 D
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
</TABLE>
* If the form is filed by more than one reporting person, see instruction
4(b)(v).
(Print or Type Responses)
<PAGE>
(Over)
SEC 2270 (9-96)
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
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. Transacation 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)
-------------------------- -------------------
(A) (D) Date Expiration
Exer- Date
cisable
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------------------
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------------------
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------------------
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------------------
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------------------
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------------------
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------------------
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------------------
</TABLE>
<TABLE>
<CAPTION>
7. Title and Amount of 8. Price of Derivative 9. Number of Derivative 10. Ownership of 11. Nature of the
Underlying Securities Security (Instr. 5) Securities Beneficially Derivative Securitiy: Indirect Beneficial
(Instr. 3 and 4) Owned at End of Year Direct (D) or Ownership
(Instr. 4) Indirect (I) (Instr. 4)
(Instr. 4)
- ------------------------
Title Amount or
Number of
Shares
- ------------------------ ---------------------- -------------------------- --------------------------- ------------------------
<S> <C> <C> <C> <C>
- ------------------------ ---------------------- -------------------------- --------------------------- ------------------------
- ------------------------ ---------------------- -------------------------- --------------------------- ------------------------
- ------------------------ ---------------------- -------------------------- --------------------------- ------------------------
- ------------------------ ---------------------- -------------------------- --------------------------- ------------------------
- ------------------------ ---------------------- -------------------------- --------------------------- ------------------------
- ------------------------ ---------------------- -------------------------- --------------------------- ------------------------
- ------------------------ ---------------------- -------------------------- --------------------------- ------------------------
- ------------------------ ---------------------- -------------------------- --------------------------- ------------------------
</TABLE>
Explanation of Responses:
(1) The WMF Group, Ltd. (the "Company") granted Ms. May 4,500 shares of
restricted stock as consideration for her services as an officer of
the Company. The shares of restricted stock may be forfeited if Ms. May
resigns, retires, dies or is disabled before January 31, 2001. The shares
of restricted stock will vest automatically on the earlier of January 31,
2001 or a transfer of control of the Company.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Joan C. May March 15, 2000
_______________________________ ______________
**Signature of Reporting Person Date
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 contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
Page 2 of 2
SEC 2270 (9-96)