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FORM 5
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[ ] Check box if no U.S. SECURITIES AND EXCHANGE COMMISSION
longer subject to Washington, DC 20549
Section 16. Form
4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may
continue. See Filed pursuant to Section 16(a) of the Securities
Instruction 1(b). Exchange Act of 1934,
[X] Form 3 Holdings Section 17(a) of the Public Utility
Reported Holding Company Act of 1935 or Section 30(f) of
[ ] Form 4 the Investment Company Act
Transactions of 1940
Reported
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<S> <C> <C> <C> <C> <C> <C>
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| 1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol |6. Relationship of Reporting Person to |
| | | Issuer (Check all applicable) |
| Rampell, Richard | RailAmerica, Inc. (Nasdaq: RAIL) | |
|--------------------------------------------|---------------------------------------------| [X] Director [ ] 10% Owner |
| (Last) (First) (Middle) | 3. IRS Identification |4. Statement For | |
| | Number of Reporting | Month/Year | [ ] Officer (give [ ] Other (specify|
| 5300 Broken Sound Blvd., N.W. | Person, if an Entity | | title below) |
|--------------------------------------------| (Voluntary) | 2/00 | below) |
| (Street) | |-------------------| |
| | |5. If Amendment, | |
| | | Date of Original| |
| Boca Raton Florida 33487 | | (Month/Year) |---------------------------------------|
|--------------------------------------------| | |7. Individual or Joint/Group Filing |
| (City) (State) (Zip) |---------------------------------------------| (Check applicable line) |
| | | [X] Form Filed by one |
| | | Reporting Person |
| | | [ ] Form Filed by more than |
| | | one Reporting Person |
|----------------------------------------------------------------------------------------------------------------------------------|
| TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED |
|----------------------------------------------------------------------------------------------------------------------------------|
| 1. Title of Security | 2. Trans- | 3. Transac- |4. Securities Acquired (A)|5. Amount of Se- |6. Owner- |7. Nature |
| (Instr. 3) | action | tion | or Disposed of (D) | curities Benefi-| ship | of In- |
| | Date | Code | (Instr. 3, 4 and 5) | cially Owned at | Form: | direct |
| | | (Instr. | | End of Issuer's | Direct | Benefi-|
| | (Month/ | 8) | | Fiscal Year | (D) or | cial |
| | Day/ | |--------------------------| (Instr. 3 and 4)| Indirect | Owner- |
| | Year) | | Amount | (A) or | Price | | (I) | ship |
| | | | | (D) | | | (Instr. 4)| (Instr.|
| | | | | | | | | 4) |
| | | | | | | | | |
|--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------|
| | | | | | | | | |
| Common Stock, | | | | | | | | |
| par value $.001 | | | | | | 1,000 | D | |
|--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------|
| | | | | | | | | |
|--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------|
| | | | | | | | | |
|--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------|
| | | | | | | | | |
|--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------|
| | | | | | | | | |
|--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------|
| | | | | | | | | |
|--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------|
| | | | | | | | | |
|--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------|
| | | | | | | | | |
|--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------|
| | | | | | | | | |
|--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------|
| | | | | | | | | |
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* If form is filed by more than one reporting person, see instruction 4(b)(v). (Over)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses)
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<TABLE>
<CAPTION>
FORM 5 (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) | | of (D) | Year) | | ity |
| | Security| | | (Instr. 3, | | | (Instr. 5)|
| | | | | 4, and 5) |-----------------|-------------------| |
| | | | | | Date | Expira-| |Amount or| |
| | | | |----------------| Exer- | tion |Title | Number | |
| | | | | (A) | (D) | cisable| Date | |of Shares| |
|-----------------------|------------|-----------|-----------|-------|--------|--------|--------|---------|---------|--------------|
| | | | | | | | | Common | | |
| Non-Employee Director | | | | | | | | Stock, | | |
| Stock Options | | | | | | 7/27/95| 7/27/05|$.001 par| | |
| (right to buy) | $4.81 | 7/27/95 | A | 50,000| -- | | | value | 50,000 | -- |
|-----------------------|------------|-----------|-----------|-------|--------|--------|--------|---------|---------|--------------|
| | | | | | | | | Common | | |
| Non-Employee Director | | | | | | | | Stock, | | |
| Stock Options | | | | | | 6/30/99| 6/30/08|$.001 par| | |
| (right to buy) | $6.125 | 6/30/95 | A | 5,000| -- | (1) | | value | 5,000 | -- |
|-----------------------|------------|-----------|-----------|-------|--------|--------|--------|---------|---------|--------------|
| | | | | | | | | Common | | |
| Non-Employee Director | | | | | | | | Stock, | | |
| Stock Options | | | | | | 4/08/00| 4/08/09|$.001 par| | |
| (right to buy) | $8.750 | 4/08/95 | A | 5,000| -- | (2) | | value | 5,000 | -- |
|-----------------------|------------|-----------|-----------|-------|--------|--------|--------|---------|---------|--------------|
| | | | | | | | | Common | | |
| Non-Employee Director | | | | | | | | Stock, | | |
| Stock Options(3) | | | | | | 1/01/00|12/29/09|$.001 par| | |
| (right to buy) | $9.00 | 12/29/99 | A | 50,000| -- | (4) | | value | 50,000 | -- |
|-----------------------|------------|-----------|-----------|-------|--------|--------|--------|---------|---------|--------------|
| | | | | | | | | | | |
|-----------------------|------------|-----------|-----------|-------|--------|--------|--------|---------|---------|--------------|
| | | | | | | | | | | |
|-----------------------|------------|-----------|-----------|-------|--------|--------|--------|---------|---------|--------------|
| | | | | | | | | | | |
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<CAPTION>
<S> <C> <C>
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| 9. Number of | 10. Ownership | 11. Nature of |
| Derivative | of Derivative | Indirect |
| Securities | Security: | Beneficial |
| Beneficially | Direct (D) | Ownership |
| Owned at End | or Indirect (I) | (Instr. 4) |
| of Year | (Instr. 4) | |
| (Instr. 4) | | |
| | | |
|--------------------|--------------------------|----------------------|
| | | |
|--------------------|--------------------------|----------------------|
| | | |
|--------------------|--------------------------|----------------------|
| | | |
|--------------------|--------------------------|----------------------|
| 110,000 | D | N/A |
|--------------------|--------------------------|----------------------|
| | | |
|--------------------|--------------------------|----------------------|
| | | |
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Explanation of Responses:
(1) Thirty three and one-third percent (33-1/3%) of such options became
exercisable on June 30, 1999 and an additional thirty three and
one-third percent (33 1/3%) will become exercisable on each of
June 30, 2000 and June 30, 2001.
(2) Thirty three and one-third percent (33-1/3%) of such options become
exercisable on each on April 8, 2000, April 8, 2001 and April 8, 2002.
(3) The grant of the options is subject to shareholder approval expanding the
number of options that may be granted pursuant to the Company's
Non-Employee Director Stock Option Plan.
(4) Thirty three and one-third percent (33-1/3%) of such options became
exercisable on January 1, 2000 and an additional thirty three and
one-third percent (33 1/3%) will become exercisable on each of January 1,
2001 and January 1, 2002.
** Intentional misstatements or omissions of facts constitute Federal /s/ Richard Rampell February 14, 2000
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -----------------
**Signature of Reporting Person Date
Richard Rampell
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.
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