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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
Smith William H.
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(Last) (First) (Middle)
Marston Hill Road, Box 8
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(Street)
E. Andover, NH 03231
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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
September 2000
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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, The Pioneer Group, Inc. - Operations
and President - Pioneering Services Corporation
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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>
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Common Stock, $.10 par value 09/19/00 M 60,000 A $4.1875 231,448 D
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Common Stock, $.10 par value 09/19/00 M 20,000 A $ 7.0625 251,448 D
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Common Stock, $.10 par value 09/19/00 M 15,000 A $12.000 266,448 D
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Common Stock, $.10 par value 09/19/00 M 12,500 A $21.250 278,948 D
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Common Stock, $.10 par value 09/19/00 M 10,000 A $27.500 288,948 D
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Common Stock, $.10 par value 09/19/00 M 7,500 A $24.2500 296,448 D
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Common Stock, $.10 par value 09/19/00 M 5,000 A $29.875 301,448 D
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Common Stock, $.10 par value 09/19/00 M 15,000 A $13.8125 316,448 D
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Common Stock, $.10 par value 09/19/00 S 110,000 D $43.875 205,948 D
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Common Stock, $.10 par value 09/19/00 S 35,000 D $43.9375 171,948 D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
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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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<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>
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"Right to Buy" Common Stock
Option $ 4.1875 09/19/00 M 60,000 -a) $.10 par 60,000 0 D
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"Right to Buy" Common Stock
Option $ 7.0625 09/19/00 M 20,000 -a) $.10 par 20,000 0 D
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"Right to Buy" Common Stock
Option $12.0000 09/19/00 M 15,000 -a) $.10 par 15,000 0 D
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"Right to Buy" Common Stock
Option $21.2500 09/19/00 M 12,500 -a) $.10 par 12,500 0 D
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"Right to Buy" Common Stock
Option $27.5000 09/19/00 M 10,000 -a) $.10 par 10,000 2,500 D
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"Right to Buy" Common Stock
Option $24.2500 09/19/00 M 7,500 -a) $.10 par 7,000 5,000 D
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"Right to Buy" Common Stock
Option $29.875 09/19/00 M 5,000 -a) $.10 par 5,000 7,500 D
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"Right to Buy" Common Stock
Option $13.8125 09/19/00 M 15,000 -a) $.10 par 15,000 60,000 D
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</TABLE>
Explanation of Responses:
-a) The 1997 Stock Incentive Plan provides, in certain circumstances, for the
sale of common stock to satisfy certain federal tax withholding
obligations.
/s/William H. Smith, Jr. 10/10/00
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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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