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OMB APPROVAL
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OMB Number 3235-0287
Expires: April 30, 1997
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person
TRIPPLE DAVID DIXON
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(Last) (First) (Middle)
6 Woodbine Road
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(Street)
Belmont, MA 02178
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
The Pioneer Group, Inc. (PIOG)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
DECEMBER 1998
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ x ] Officer (give title below) [ ] Other (specify below)
Executive Vice President
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, $.10 par value 12/09/98 M* 40,000 A $4.1875 149,465 D
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Common stock, $.10 par value 12/10/98 M* 36,500 A $4.1875 185,965 D
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Common Stock, $.10 par value 12/10/98 S 7,500 D $16.5000 178,465 D
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Common Stock, $.10 par value 12/10/98 S 7,500 D $16.1875 170,965 D
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Common Stock, $.10 par value 12/10/98 S 1,500 D $16.1250 169,465 D
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Common Stock, $.10 par value 12/10/98 S 20,000 D $16.000 149,465 D
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Common Stock, $.10 par value 12/15/98 M* 100 A $4.1875 149,565 D
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Common Stock, $.10 par value 12/15/98 S 100 D $16.000 149,465 D
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Common Stock, $.10 par value 12/16/98 M* 13,400 A $4.1875 162,865 D
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Common Stock, $.10 par value 12/16/98 S 13,400 D $15.000 149,465 D
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Common Stock, $.10 par value 12/17/98 M* 10,000 A $4.1875 159,465 D
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Common Stock, $.10 par value 12/17/98 S 2,000 D $15.000 157,465 D
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Common Stock, $.10 par value 12/17/98 S 1,000 D $14.8750 156,465 D
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Common Stock, $.10 par value 12/17/98 S 1,000 D $14.7500 155,465 D
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Common Stock, $.10 par value 12/17/98 S 6,000 D $14.6250 149,465 D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
* - The 1997 Stock Incentive Plan provides, in certain circumstances, for
the sale of common stock to satisfy certain federal tax withholding
obligations.
<PAGE>
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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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
"Right to Buy" Common
Option $13.8125 10/28/98 A* V 75,000 -a) 11/27/08 Stock 75,000 75,000 D
$.10 par
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"Right to Buy" Common
Option $4.1875 12/09/98 M 40,000 -a) Stock 40,000 60,000 D
$.10 par
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"Right to Buy" Common Stock
Option $4.1875 12/10/98 M 36,500 -a) $.10 par 36,500 23,500 D
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"Right to Buy" Common Stock
Option $4.1875 12/15/98 M 100 -a) $.10 par 100 23,400 D
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"Right to Buy" Common Stock
Option $4.1875 12/16/98 M 13,400 -a) $.10 par 13,400 10,000 D
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"Right to Buy" Common Stock
Option $4.1875 12/17/98 M 10,000 -a) $.10 par 10,000 -0- *** D
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</TABLE>
Explanation of Responses:
- -a) Options vest over five years at an annual rate of 20% on each anniversary of
the dates of grant.
*** Amount of shares remaining from 12/2/88 Option Grant.
/s/David D. Tripple 01/06/99
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedures.
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