UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Rissman, Thomas W.
676 North Michigan Avenue
Suite 2800
Chicago, IL 60611
U.S.A.
2. Issuer Name and Ticker or Trading Symbol
Wisconsin Central Transportation Corporation
WCLX
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
12/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Reporting (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 |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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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 |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice 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 | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option - Right to Buy |21.75 |5/21/|J+ |6,000 |A |11/22|5/20/|Common Stock|6,000 | | | | |
| |99 | | | |/99 |99 | | | | | | |
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Phantom Stock Units |20.50 |5/20/|J* |732 |A |See N|n/a |Common Stock|732 | |36,732 |D |n/a |
| |99 | | | |ote | | | | | | | |
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Explanation of Responses:
+ Option issued under Director Stock Option Plan in transaction exempt under
Rule 16b-3.
* Phantom Stock Units granted under 1999 Non-Employee Director Compensation
Plan in transaction exempt under
Rule
16b-3.
Note: The Phantom Stock Units will be automatically converted into the right
to receive cash (payable in a lump
sum or on a deferred payment basis as elected by the Reporting Person on or
prior to the date of grant) on the
day after such person ceases to be a director of the
Company.
SIGNATURE OF REPORTING PERSON
Thomas W. Rissman
DATE
January 18, 2000
