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
Rowan, James P.
c/o The Wackenhut Corporation
4200 Wackenhut Drive #100
Palm Beach Gardens, FL 33410-4243
USA
2. Issuer Name and Ticker or Trading Symbol
The Wackenhut Corporation
WAK and WAK B
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
July, 1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner ( ) Officer (give title below) (X) Other
(specify below)
Former Vice President, General Counsel and Assistant Secretary
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>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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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)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Series B Common | | | | | | |1,200 |D | |
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1997 Series B Common Perfor|1/28/9|A | |See Note 2 |A |See Note 2 |See Note 2 |D | |
mance Shares |7 | | | | | | | | |
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1998 Series B Common Perfor|1/27/9|A | |See Note 2 |A |See Note 2 |See Note 2 |D | |
mance Shares |8 | | | | | | | | |
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1999 Series B Common Perfor|2/19/9|A | |See Note 2 |A |See Note 2 |See Note 2 |D | |
mance Shares |9 | | | | | | | | |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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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)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Series B Common Stock | | | | | | | | | | | | | | |
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1997 Options |15.250 |See N|S | |3,900 |D |1/28/|1/27/|Series B Com| | |2,800 |D | |
| |ote 1| | | | |97 |07 |mon | | | | | |
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1998 Options |19.750 | | | | | |1/27/|1/27/| | | |15,000 |D | |
| | | | | | |98 |08 | | | | | | |
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1999 Options |16.6875 | | | | | |2/18/|2/17/| | | |15,000 |D | |
| | | | | | |99 |09 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
Notes
(1) Same Day sales on 7/6/99, 7/7/99 and 7/8/99 of 1,900, 1,000 and 1,000
at $ 23.375, $23.375 and $ 23.250
respectively.
(2) Performance Shares to be earned under Long Term Incentive Stock Plan
based upon EPS growth in three
year measurement
period
SIGNATURE OF REPORTING PERSON
/s/ James P. Rowan BY F. E. Finizia as Attorney-in-Fact
DATE
8/4/99
