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FORM 4
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
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<S> <C> <C> <C> <C> <C> <C>
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| 1. Name and Address of Reporting Person(1) | 2. Issuer Name and Ticker or Trading Symbol |6. Relationship of Reporting Person to|
| Marino John H. | RailAmerica, Inc. (Nasdaq: RAIL) | Issuer (Check all applicable) |
|--------------------------------------------|----------------------------------------------| |
| (Last) (First) (Middle) | 3. IRS Identification | 4. Statement For | [X] Director [ ] 10% Owner |
| | Number of Reporting | Month/Year | [X] Officer (give [ ] Other (Specify|
| | Person, if an Entity | | title below) below) |
| | (Voluntary) | 4/00 | CHAIRMAN EMERITUS, |
| 5300 Broken Sound Boulevard, N.W. | | | ASSISTANT SECRETARY |
|--------------------------------------------| |--------------------|--------------------------------------|
| (Street) | | 5. If Amendment, |7. Individual or Joint/Group Filing |
| | | Date of Original| (Check applicable line) |
| | | (Month/Year) | [ ] Form Filed by One |
| Boca Raton Florida 33487 | | | Reporting Person |
|--------------------------------------------|----------------------------------------------| [ ] Form Filed by More Than |
| (City) (State) (Zip) | | One Reporting Person |
| | | |
|----------------------------------------------------------------------------------------------------------------------------------|
| TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED |
|----------------------------------------------------------------------------------------------------------------------------------|
|1. Title of Security |2. Transaction |3. Transac- |4. Securities Acquired (A) |5. Amount of Se- |6. Owner- |7. Nature |
| (Instr. 3) | Date | tion Code | or Disposed of (D) | curities Benefi-| ship | of In- |
| | (Month/Day/ | (Instr. 8) | | cially Owned at | Form: | direct |
| | Year) | | | End of Month | Direct | Benefi-|
| | | | (Instr. 3, 4 and 5) | (Instr. 3 and 4)| (D) or | cial |
| | |--------------|----------------------------| | Indirect | Owner- |
| | | Code | V | Amount | (A) or| Price | | (I) | ship |
| | | | | | (D) | | | (Instr. 4)| (Instr.|
| | | | | | | | | | 4) |
|---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------|
|Common Stock, par | | | | | | | | | |
|value $.001 per share| 4/17/00 | S | | 20,000 | D |5.01718| 88,961 | D | |
|---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------|
| | | | | | | | | | |
|---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------|
| | | | | | | | | | |
|---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------|
| | | | | | | | | | |
|---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------|
| | | | | | | | | | |
|---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------|
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|---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------|
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|---------------------|-------------------|-------|------|------------|-------|-------|-------------------|-------------|----------|
| | | | | | | | | | |
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</TABLE>
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<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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|1. Title of Derivative | 2. Conver- |3. Trans- |4. Trans- |5. Number of | 6. Date Exer- |7. Title and Amount |8. Price |
| Security | sion or | action | action | Derivative | cisable and | of Underlying | of |
| (Instr. 3) | Exercise | Date | Code | Securities | Expiration | Securities | Deriv- |
| | Price of | (Month/| (Instr.| Acquired (A) | Date | (Instr. 3 and 4) | ative |
| | Deriv- | Day/ | 8) | or Disposed | (Month/Day/ | | Secur- |
| | ative | Year) | | or (D) | Year) | | ity |
| | Security | | | (Instr. 3, | | | (Instr. 5)|
| | | | | 4, and 5) |-----------------|--------------------| |
| | | | | | Date |Expira- | | Amount or| |
| | | |----------|----------------| Exer- |tion | Title | Number of| |
| | | | Code| V | (A) | (D) | cisable|Date | | Shares | |
|-----------------------|--------------|----------|-----|----|-------|--------|--------|--------|--------|-----------|-------------|
|Non-Employee Director | | | | | | | | | Common | 5,000 | $6,125 |
|Stock Options | | | | | | | 6/30/99| 6/30/08| Stock, | | |
|Right to Buy | N/A | N/A | N/A | N/A| N/A | N/A | (1) | | par val| | |
| | | | | | | | | | $.001 | | |
|-----------------------|--------------|----------|-----|----|-------|--------|--------|--------|--------|-----------|-------------|
|Non-Employee Director | | | | | | | | | Common | 5,000 | $8.75 |
|Stock Options | | | | | | | 4/8/00 | 4/8/09 | Stock, | | |
|Right to Buy | N/A | N/A | N/A | N/A| N/A | N/A | (2) | | par val| | |
| | | | | | | | | | $.001 | | |
|-----------------------|--------------|----------|-----|----|-------|--------|--------|--------|--------|-----------|-------------|
|Non-Employee Director | | | | | | | | | Common | 50,000 | $9.00 |
|Stock Options | | | | | | | 1/1/00 | 1/1/10 | Stock, | | |
|Right to Buy | N/A | N/A | N/A | N/A| N/A | N/A | (3) | | par val| | |
| | | | | | | | | | $.001 | | |
|-----------------------|--------------|----------|-----|----|-------|--------|--------|--------|--------|-----------|-------------|
| | | | | | | | | | | | |
|-----------------------|--------------|----------|-----|----|-------|--------|--------|--------|--------|-----------|-------------|
| | | | | | | | | | | | |
|-----------------------|--------------|----------|-----|----|-------|--------|--------|--------|--------|-----------|-------------|
| | | | | | | | | | | | |
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<CAPTION>
<S> <C> <C>
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| 9. Number of | 10. Ownership | 11. Nature of |
| Derivative | Form of | Indirect |
| Securities | Derivative | Beneficial |
| Beneficially | Security: | Ownership |
| Owned at End | Direct (D) | (Instr. 4) |
| of Month | or Indirect (I) | |
| (Instr. 4) | (Instr. 4) | |
| | | |
|---------------------|-------------------------------|----------------------|
| 60,000 | D | |
|---------------------|-------------------------------|----------------------|
| 60,000 | D | |
|---------------------|-------------------------------|----------------------|
| 60,000 | D | |
|---------------------|-------------------------------|----------------------|
| | | |
|---------------------|-------------------------------|----------------------|
| | | |
|---------------------|-------------------------------|----------------------|
| | | |
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Explanation of Responses:
(1) Thirty three and one-third percent (33-1/3%) of such options became exercisable /s/ JOHN H. MARINO 5/10/00
on June 30, 1999 and thirty three and one-third percent (33-1/3%) of such -------------------------------- ----------
options will become exercisable on June 30, 2000 and June 30, 2001. **Signature of Reporting Person Date
(2) Thirty three and one-third percent (33-1/3%) of such options became exercisable JOHN H. MARINO
on April 8, 2000 and thirty three and one-third percent (33-1/3%) of such
options will become exercisable on April 8, 2001 and Apri 8, 2002.
(3) Thirty three and one-third percent (33-1/3%) of such options became exercisable
on January 1, 2000 and thirty three and one-third percent (33-1/3%) of such
options will become exercisable on January 1, 2001 and January 1, 2002.
**Intentional misstatements or omissions of facts constitute Federal Crime 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. Page 2
If space provided is insufficient, see Instruction 6 for procedure.
(Print or Type Responses)
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