FORM 3
OMB APPROVAL
OMB Number 3235-0104
Expires: February 1, 1994
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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 Investmenht Company Act of 1940.
1.Name and Address of 2. Issuer Name and Ticker or Trading Symbol
Reporting Person THE SHAW GROUP INC. (SGR)
PAGANO, EDWARD L.
(Last) (First) (Middle)
11100 MEAD ROAD, 2ND FLOOR
(Street)
BATON ROUGE LOUISIANA 70816
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(City) (State) (Zip)
3. IRS or Social Security 4. Statement for Month/Year
Number of Reporting 05/19/97
Person (Voluntary)
5. If Amendment, Date of Original
(Month/Year)
6. Relationship of Reporting Person to Issue
(Month/Year)
(Check all applicable)
Director 10% Owner
X Officer Other (specify below)
(give title below)
CHIEF FINANCIAL OFFICER
Table I -on-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title 2.Amount of 3.Ownership 4. Nature of Indirect Beneficial
of Beneficially Form: Direct Ownership (Instr. 5)
(Instr.4) Owned (D) or Indirect
(Instr.4) (I) Instr. 5)
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Common Stock 200 D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8-92)
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FORM 3 (continued) Table II -- Derivative
Securities Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
1. Title of 2. Date Exer- 3. Title and Amount of Securities
Deriv- cisable and Underlying Derivative Security
ative Expiration (Instr. 4)
Security Date Amount
(Instr. 4) Month/Day/ or
Year) Number of
Shares
Date Expira- Title
Exer- tion
cisable Date
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Employee Stock Option 5/5/98* 5/5/07 Common Stock 10,000
(right to Buy)
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FORM 3 (continued) Table II -- Derivative
Securities Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
4. Conversion or 5. Ownership Form of 6. Nature of Indirect
Exercise Price Derivative Security Beneficial Ownership
of Derivative Direct (D) or Indirect (I) (Instr. 5)
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$13.875 D
Explanation of Responses:
* Option granted under the company's 1993 Employee Stock Option Plan that vests
in four equal annual installments commencing 5/5/98.
/s/ Edward L. Pagano May 29, 1997
** Signature of Reporting Person Date
** 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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