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
Cave, Thomas W.
14643 Dallas Parkway Suite 1000
Dallas, TX 75240-8871
USA
2. Issuer Name and Ticker or Trading Symbol
Elcor Corporation
ELK
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
September, 2000
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)
Controller
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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<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>
Common Stock, $1 par value |9/8/00|M | |300 |A |$5.3889 | |D | |
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|9/26/0|M | |323.25 |A |$5.3889 | |D | |
|0 | | | | | | | | |
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|9/26/0|M | |1.75 |A |$10.7222 |6,987.5284 |D | |
|0 | | | | | | | | |
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| | | | | | |9,107.3840 |I |by ESOP Trustee |
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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>
Incentive Stock Option|$19.9375|7/31/|A |V|2,100 |A |7/31/|7/30/|Common Stock|2,100 |$19,937| |D | |
Grant* | |00 | | | | |01 |10 | | |5 | | | |
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Incentive Stock Option|$5.3889 |9/8/0|M | |300 |D |9/29/|9/28/|Common Stock|300 |$5.3889| |D | |
(Right to Buy)** | |0 | | | | |92 |00 | | | | | | |
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Incentive Stock Option|$5.3889 |9/26/|M | |323.25 |D |9/29/|9/28/|Common Stock|323.25 |$5.3889| |D | |
(Right to Buy)** | |00 | | | | |92 |00 | | | | | | |
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Incentive Stock Option|$10.7222|9/26/|M | |1.75 |D |8/16/|8/15/|Common Stock|1.75 |$10.722|12,126.25 |D | |
(Right to Buy)** | |00 | | | | |93 |03 | | |2 | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
* Granted under the 1998 Amended and Restated Elcor Corporation Incentive Stock
Option Plan in transaction exempt under Rule 16b-3. The option is exercisable
as to 20% of the number of
shares set forth above one year after the effective date of the grant, with an
additional 20% for each year thereafter until the option is exercisable as to
100% of such shares five years after the
date of the grant. The option expires 10 years after the effective date of the
grant, or, in this case, July 30, 2010.
* *Granted under the Elcor Corporation Incentive Stock Option
Plan.
SIGNATURE OF REPORTING PERSON
/s/ Thomas W. Cave
DATE
October 10, 2000
