UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
OMB APPROVAL
OMB Number: 3235-0287
Expires: September 30, 1998
Estimated average burden hours per response: 0.5
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 to 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*
Last, First, Middle: Paribas(1)
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Street: Equitable Tower - 787 7th Avenue
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City, State, Zip: New York, New York 10019
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2. Issuer Name and Ticker or Trading Symbol
Staff Leasing Co. (STFF)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
April 1998
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5. If Amendment, Date of Original (Month/Year)
May 10, 1998
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v).
<PAGE>
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
4.
Securities Acquired (A) or
3. Disposed of (D)
Transaction (Instr. 3, 4, and 5)
2. Code -----------------------------
1. Transaction (Instr. 8) (A)
Title of Security Date ------------ Amount or Price
(Instr. 3) (Month/Day/Year) Code V (D)
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<S> <C> <C> <C> <C> <C> <C>
(1) Common Stock 4/29/98 S 185,758 D 27.41
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(2) Common Stock 4/29/98 J* 11,811 D *
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(3) Common Stock 4/29/98 J* 119,428 D *
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Table I (cont.) -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5. 6. Owner-
Amount of ship
Securities Form: 7.
Beneficially Direct Nature of
Owned at End (D) or Indirect
1. of Month Indirect Beneficial
Title of Security (Instr. 3 (I) Ownership
(Instr. 3) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C>
(1) Common Stock I Owned directly by Paribas Principal Inc.
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(2) Common Stock I Owned directly by Paribas Principal Inc.
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(3) Common Stock I Owned directly by Paribas Principal Inc.
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1,323,521
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<PAGE>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
6.
Date
5. Exercisable and
2. 4. Number of Derivative Expiration Date
1. Conversion or Transaction Securities Acquired (A) (Month/Day/Year)
Title of Exercise 3. Code or Disposed of (D) ----------------
Derivative Price of Transaction (Instr. 8) (Instr. 3, 4 and 5) Date Expira-
Security Derivative Date (Month/ ------ ----------------------- Exer- tion
(Instr. 3) Security Day/Year) Code V (A) (D) cisable Date
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
(1) Warrants (right $7.24 4/30/98 S 160,818 6/30/97 3/31/01
to buy)
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Table II (cont.) -- Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible securities)
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7.
Title and Amount
of Underlying
Securities 9. 10.
(Instr. 3 and 4) Number of Ownership
---------------- Derivative Form of 11.
1. Amount 8. Securities Derivative Nature of
Title of or Price of Beneficially Security: Indirect
Derivative Number Derivative Owned Direct (D) Beneficial
Security of Security at End of Month or Indirect Ownership
(Instr. 3) Title Shares (Instr. 5) (Instr. 4) (I) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C>
(1) Warrants (right Common 160,818 27.41 1,174,544 I Owned directly
to buy) by Paribas
Principal Inc.
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</TABLE>
Explanation of Responses:
1. Paribas is a subsidiary of Compagnie Financiere de Paribas, a
diversified holding company organized under the laws of the Republic of
France. The operating subsidiaries of Compagnie Financiere de Paribas
engage in a wide variety of banking, financial services, manufacturing,
trading, development and related activities. Paribas Principal Incorporated
is a subsidiary of Paribas.
* Transactions so indicated represent distributions by Paribas to
certain employees of Paribas pursuant to compensation arrangements between
Paribas and such employees.
/s/Gary Binning 11/10/98
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***Signature of Reporting Person Date
Title: Vice President and Secretary
*** 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 procedure.
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