UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Denman, Gary L.
1900 Gallows Road
Vienna, VA 22182
U.S.
2. Issuer Name and Ticker or Trading Symbol
GRC International, Inc.
GRH
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
6/30/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
President
7. Individual or Joint/Group Reporting (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 |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, $.10 par value |9/23/9|A |161.922 |(A)|N/A(1) | | | |
|7 | | |(1)| | | | |
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Common Stock, $.10 par value |9/30/9|A |467.6223 |(A)|$4.702 | | | |
|7 | | |(2)| | | | |
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Common Stock, $.10 par value |12/31/|A |449.1824 |(A)|$5.10 | | | |
|97 | | |(2)| | | | |
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Common Stock, $.10 par value |3/31/9|A |475 |(A)|$4.860 |4,041.9066(3) |(D) | |
|8 | | |(2)| | | | |
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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 |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice 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 | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |$16.00 | | | | |(4) |3/8/0|Common Stock|40,000 | |40,000 |(D)| |
| | | | | | |5 | | | | | | |
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Employee Stock Option |$23.19 | | | | |(4) |9/21/|Common Stock|20,000 | |20,000 |(D)| |
| | | | | | |05 | | | | | | |
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Employee Stock Option |$18.31 | | | | |(4) |9/26/|Common Stock|25,000 | |25,000 |(D)| |
| | | | | | |06 | | | | | | |
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Employee Stock Option |$7.875 |5/28/|A |200,000 |A |(5) |5/28/|Common Stock|200,000| |200,000 |(D)| |
| |98 | | | | |08 | | | | | | |
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Officers Stock Option |$5.50 |7/24/|A |50,000 |A |(4) |7/24/|Common Stock|50,000 | |50,000 |(D)| |
| |97 | | | | |07 | | | | | | |
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Cash Comp Replacement Op|(6) | | | | |(7) |(7) |Common Stock|7,304 | |7,304 |(D)| |
tion | | | | | | | | | | | | | |
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Cash Comp Replacement Op|$1.537 |9/30/|A |1,362 |A |(7) |(7) |Common Stock|1,362 | |1,362 |(D)| |
tion | |97 | | | | | | | | | | | |
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Cash Comp Replacement Op|$1.6022 |12/31|A |1,361 |A |(7) |(7) |Common Stock|1,361 | |1,361 |(D)| |
tion | |/97 | | | | | | | | | | | |
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Cash Comp Replacement Op|$1.5691 |3/31/|A |1,401 |A |(7) |(7) |Common Stock|1,401 | |1,401 |(D)| |
tion | |98 | | | | | | | | | | | |
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Cash Comp Replacement Op|$1.9886 |6/30/|A |1,106 |A |(7) |(7) |Common Stock|1,106 | |1,106 |(D)| |
tion | |98 | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Shares awarded under the Company's Deferred Income Plan; (2) Purchased
under the Company's Employee
Stock Purchase Plan; (3) Includes 173.182 shares in the Company's Deferred
Income Plan and 3,868.7246 shares
in the Company's Employee Stock Purchase Plan; (4) 50% exercisable 2 years
after grant; 75% exercisable 3
years after grant; and 100% exercisable 4 years after grant; (5) 50%
exercisable 1 year after grant and 100%
exercisable 2 years after grant; (6) Exercise prices ranging from $1.363 to
$9.429. Represents options granted in
lieu of salary or bonus otherwise payable; (7) Options granted in lieu of
salary or bonus otherwise payable. 80%
exercisable upon grant; 90% exercisable 2 years after grant; 95% exercisable 3
years after grant; and 100%
exercisable 4 years after grant, no fixed expiration date, exercisable for 3
years after employee's termination.
