UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
(X) 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
April 1999
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|4/1/99|J (0| |23,307 |D |$32.00 | | |N/A |
e | |1) | | | | | | | |
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Common Stock, $.20 par valu|4/1/99|J (0| |1,800 |D |$32.00 |0 | |IRA |
e | |1) | | | | | | | |
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Common Stock, $.20 par valu|4/1/99|J (0| |1,600 |D |$32.00 |0 |I |Spouse |
e | |2) | | | | | | | |
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Common Stock, $.20 par valu|4/1/99|J (0| |162 |D |$32.00 |0 |I |Held by ESOP |
e | |1) | | | | | | | |
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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>
Stock Option |$13.50 |4/1/9|J (0| |25,000 |D |10/21|10/21|Common Stock|25,000 | |0 | | |
| |9 |3) | | | |/96 |/2006| | | | | | |
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Stock Option |$30.06 |4/1/9|J (0| |25,000 |D |10/21|10/21|Common Stock|25,000 | |0 | | |
| |9 |3) | | | |/97 |/2007| | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(01) Exchanged at the rate of .388 of a share of Wachovia Corporation common
stock, having a value of $82.40,
for each share of Interstate/Johnson Lane, Inc. common stock pursuant to the
merger of Interstate/Johnson Lane,
Inc. into Wachovia Corporation as of 12:01 a.m. on April 1,
1999.
(02) The reporting person disclaims beneficial ownership of the securities and
this report will not be deemed an
admission that the reporting person is the beneficial owner of such securities
for purposes of Section 16 or any
other
purpose.
(03) This option was assumed by Wachovia Corporation in the Merger. The shares
covered by the option have
been converted, at the rate of .388 of a share of Wachovia Corporation common
stock for each share of
Interstate/Johnson Lane, Inc. common stock, into the right to receive shares of
Wachovia Corporation common
stock.
