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
January, 1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
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
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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 Stock |1/4/99|M | |3,800 |A |$6.160 |0 | | |
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Series B Common Stock |1/4/99|D | |3,800 |D |$21.500 |0 | | |
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Series B Common Stock |1/5/99|M | |15,200 |A |$8.144 (1) |0 | | |
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Series B Common Stock |1/5/99|D | |15,200 |D |$21.332 |0 | | |
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Series B Common Stock |1/6/99|M | |100 |A |$10.800 |0 | | |
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Series B Common Stock |1/6/99|D | |100 |D |$21.250 |0 | | |
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Series B Common Stock |1/22/9|M | |15,600 |A |$15.791 (2)|0 | | |
|9 | | | | | | | | |
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Series B Common Stock |1/22/9|D | |15,600 |D |$23.164 (3)|0 | | |
|9 | | | | | | | | |
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Series B Common Stock |1/25/9|M | |800 |A |$15.250 |0 | | |
|9 | | | | | | | | |
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Series B Common Stock |1/25/9|D | |800 |D |$20.875 |0 | | |
|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>
Phantom Stock Units | | | | | | | | | | | |1,098 |D | |
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Series B Common Stock | | | | | | | | | | | | | | |
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1994 Options |$6.160 |See N|M | |12,500 |D |4/30/|4/29/| | | |0 |D | |
| |ote 4| | | | |94 |04 | | | | | | |
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1995 Options |$10.800 |See N|M | |7,500 |D |1/28/|1/27/| | | |0 |D | |
| |ote 5| | | | |95 |05 | | | | | | |
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1996 Options |$14.000 |See N|M | |12,000 |D |1/30/|1/29/| | | |0 |D | |
| |ote 6| | | | |98 |06 | | | | | | |
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1997 Options |$15.250 |See N|M | |5,300 |D |1/28/|1/27/| | | |6,700 |D | |
| |ote 7| | | | |97 |07 | | | | | | |
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1998 Options |$19.750 | | | | | |1/27/|1/12/| | | |15,000 |D | |
| | | | | | |98 |08 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
NOTE:
(1) Weighted average price for 8,700 shares at $6.16 and 6,500 shares at
$10.80.
(2) Weighted average price for 900 shares at $10.800, 12,000 shares at $14.000
and 4,500 shares at $15.250.
(3) Weighted average price for 10,000 shares at $20.625, 4,900 shares at
$21.000 and 2,500 shares at $20.885
(4) Employee Stock Options exercised and sold: 3,800 on 1/4/99 at $21.500 and
8,700 on 1/5/99 at $21.332.
(5) Employee Stock Options exercised and sold, 100 on 1/6/99 at $21.250 and 900
on 1/22/99 at $20.625.
(6) Employee Stock Options exercised and sold, 9,100 on 1/22/99 at $20.625 and
2,900 on 1/22/99 at $21.000.
(7) Employee Stock Options exercised and sold, 2,000 on 1/22/99 at $21.000,
2,500 on 1/22/99 at $20.885 and
800 on 1/25/99 at
$20.875.
SIGNATURE OF REPORTING PERSON
/s/ James P. Rowan
DATE
2/2/99
