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FORM 4
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / CHECK BOX IF NO
LONGER SUBJECT TO Filed pursuant to Section 16(a) of the Securities
SECTION 16. FORM 4 Exchange Act of 1934, Section 17(a) of the
OR FORM 5 OBLIGATIONS Public Utility Holding Company Act of 1935
MAY CONTINUE. SEE or Section 30(f) of the Investment Company
INSTRUCTION 1(b). Act of 1940
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Pasch Peter Alan RailWorks Corporation (RWKS) Issuer (Check all applicable)
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(Last) (First) (Middle) 3. IRS Identification 4. Statement for ---- ---
c/o Comstock Holdings, Inc., One North Number of Reporting Month/Year X Officer (give Other (Specify
Lexington Avenue Person, if an Entity February 1999 ---- title --- below)
- --------------------------------------------- (Voluntary) --------------- below)
(Street) 5. If Amendment,
White Plains, New York 10601 Date of Original Vice President and Chief Operating
- --------------------------------------------- (Months/Year) Officer -- Transit Operations
(City) (State) (Zip) ------------------ -------------------------------------
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 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Response)
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FORM 4 (CONTINUED) 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 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Expiration Securities Deriv-
Price of (Month/ (Instr. Acquired (A) Date (Instr. 3 and 4) ative
Deriv- Day/ 8) or Disposed (Month/Day/ Secur-
ative Year) of (D) Year) ity
Security (Instr. 3, (Instr. 5)
4, and 5) -----------------------------------
Date Expira- Amount or
---------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Stock Option (Right $9.375 2/25/99 A V 30,000(1) (1) (1) Common 50,000
to Buy) Stock (1)
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1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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50,000(1) (D)
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Explanation of Responses:
(1) On February 25, 1999, the Board of Directors of RailWorks Corporation granted to Mr. Pasch options to purchase 50,000 shares
of the common stock, $.01 par value per share (the "Common Stock"), of RailWorks Corporation. Of the 50,000 options granted,
options to purchase 20,000 shares of Common Stock vested on February 25, 1999, options to purchase 20,000 shares of Common Stock
vest on February 25, 2000 and options to purchase 10,000 shares of Common Stock vest on February 25, 2001. The options expire on
February 25, 2009.
/s/ Peter Alan Pasch 3/3/99
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**Signature of Reporting Person Date
Note. File three copies of this form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure.
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