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
Ruff, Edward C.
3700 Arbor Way
Charlotte, NC 28211
USA
2. Issuer Name and Ticker or Trading Symbol
Interstate/Johnson Lane, Inc.
IJL
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
April 1998
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) (X) Other
(specify below)
Executive VP & COO (IJL, Inc.) Director/Executive Managing Director/COO (IJL
Corp.)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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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, $.20 par valu|04/23/| | |5,000 |D |$31.75 |94,891 |D |N/A |
e |98 | | | | | | | | |
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Common Stock, $.20 par valu|N/A* |Nt.1| | | | |6,320 |I |Held by Trustee |
e | | | | | | | | | |
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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>
Right to Buy/Non-Quali|$6.00 |N/A* |Nt.2| | | |Nt.2 |Nt.2 |Common stock|7,500 | |7,500 |D |N/A |
fied Options | | | | | | | | |, $.20 par v| | | | | |
| | | | | | | | |alue | | | | | |
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Right to Buy/Non-Quali|$13.50 |N/A* |Nt.3| | | |Nt.3 |Nt.3 |Common stock|12,500 | |20,000 |D |N/A |
fied Options | | | | | | | | |, $.20 par v| | | | | |
| | | | | | | | |alue | | | | | |
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Right to Buy-Non-Quali|$13.50 |N/A* |Nt.4| | | |Nt.4 |Nt.4 |Common stock|25,000 | |45,000 |D |N/A |
fied Options | | | | | | | | |, $.20 par v| | | | | |
| | | | | | | | |alue | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
Nt.1-Vested portion in Issuer's benefit plans and does not include shares
accrued since 9/30/97.
Nt.2-Non-qualified options granted 1/27/89, currently 100% exercisable, expires
1/27/99.
Nt.3-Non-qualified options granted 1/21/97, contingent exercisability, expires
01/21/07.
Nt.4-Non-qualified options granted 1/21/97, currently 100% exercisable, expires
01/21/07.
