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
Aldridge, Douglas R.
4582 Rebel Valley View
Atlanta, GA 30339
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
October 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner ( ) Officer (give title below) (X) Other
(specify below)
Director/Sr. Managing Director Interstate/Johnson Lane Corporation
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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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|10/21/|Nt.1| |1909 |A |$28.16 |21,319 |D |N/A |
e |98 | | | | | | | | |
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Common Stock, $.20 par valu|N/A* |Nt.2| | | | |1,166 |D |Restricted Stock |
e | | | | | | | | | |
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Common Stock, $.20 par valu|10/28/|Nt.3| |822 |A |$35.62 |822 |D |Restricted Stock |
e |98 | | | | | | | | |
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Common Stock, $.20 par valu|N/A* | | | | | |1,600 |I |Spouse |
e | | | | | | | | | |
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Common Stock, $.20 par valu|N/A* | | | | | |1,800 |I |IRA |
e | | | | | | | | | |
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Common Stock, $.20 par valu|1/28/9|Nt.4| |162 |A |N/A |162 |I |Held by ESOP |
e |8 | | | | | | | | |
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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|$13.50 |N/A |Nt.5| | | |Nt.5 |Nt.5 |Common stock|25,000 | |25,000 |D |N/A |
fied Options | | | | | | | | |, $.20 par | | | | | |
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Right-to-Buy Option-St|$30.0625|10/21|Nt.6| | | |Nt.6 |Nt.6 |Common stock|25,000 | |50,000 |D |N/A |
ock Award Plan | |/97 | | | | | | |, $.20 par v| | | | | |
| | | | | | | | |alue | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
Nt.1-Cash compensation deferred during fiscal year ended 9/30/96, purchased
1,909 shares 2-year restricted stock.
Nt.2-Cash compensation deferred during fiscal year ended 9/30/97, purchased
1,166 shares 2-year restricted stock from Issuer at $17.15 per share.
Nt.3-Cash compensation deferred during fiscal year ended 9/30/98, purchased 822
shares 4-year restricted stock from Issuer at $24.32 per share.
Nt.4-Vested portion in Issuer's benefit plans and does not include shares
accrued since 9/30/98.
Nt.5-Non-qualified options granted 10/21/96, currently 100% exercisable,
expires 10/21/06.
Nt.6-Stock Award Plan options granted 10/21/97, currently 100% exercisable,
expires 10/21/07.
