FORM 4
OMB APPROVAL
OMB Number 3235-0287
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may
Filed pursuant to Section 16(a)of the Securities Exchange Act of 1934, Section
17(a)of the Public Utility continue. See Instruction 1(b). Holding Company Act
of 1935 or Section 30(f) of the Investment Company Act of 1940
1.Name and Address of 2. Issuer Name and Ticker or Trading Symbol
Reporting Person THE SHAW GROUP INC. (SGR)
SHEPHERD GEORGE R.
(Last) (First) (Middle)
11100 MEAD ROAD, SECOND FLOOR
(Street)
BATON ROUGE LOUISIANA 70816
- - ----------------------------------------------
(City) (State) (Zip)
3. IRS or Social Security 4. Statement for Month/Year
Number of Reporting 05/98
Person (Voluntary)
5. If Amendment, Date of Original
(Month/Year)
6. Relationship of Reporting Person to Issue
(Check all applicable)
Director 10% Owner
X Officer Other (specify below)
(give title below)
VICE PRESIDENT
Table I -on-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title 2.Trans- 3.Trans- 4.Securities 5. Amount 6.Owner- 7. Nature of
of action action Acquired (A) of Secu- ship Indirect
(Instr.3) Date Code or Disposed rities Form: Beneficial
Month/ (Instr. posed of Benefi- Direct Ownership
Day/ 8) of (D) ficially (D) or
Year) Owned at In-
End of direct
(A)
or
Code V Amount(D) Price (Instr.3
and 4 (Instr.4) (Instr.4)
---- - ------ -- ------- --------- --------- ---------
Common Stock 05/21/98 S 350 D $25.125 D
Common Stock 05/21/98 S 1,300 D $25.063 17,500 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 4 (continued) Table II -- Derivative
Securities Acquired, Disposed of or
Beneficially Owned (e.g., puts, calls,
warrants, options, convertible
securities)
1. Title of 2. Conver- 3. Trans- 4.Trans- 5. Number of
Deriv- sion or action action Derivative
ative Exercise Date Code Securities
Security Price of (Instr.8) acquired (A)
(Instr. 3) Deriv- (Month/ or Disposed
ative Day/ of (D)
Security Year) (Instr. 3,4
and 5)
T V (A) (D)
- - ------------------ ----------- --------- ----- ----- ----- ------
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FORM 4 (continued) Table II -- Derivative
Securities Acquired, Disposed of or
Beneficially Owned (e.g., puts, calls,
warrants, options, convertible
securities)
6. Date Exercisable 7.Title and 8. Price 9.Number 10.Owner- 11. Na-
and Expiration Amount of of of Deriv- ship ture
Date Underlying Deriv- ative Form of In-
Securities ative Secur- of De- direct
(Month/Day/ (Instr. 3 Secur- ities rivative Bene-
Year) and 4) ity Bene- Secu- ficial
(Instr. ficially rity: Own-
Date Expira- Amount 5) Owned Direct ership
Exer- tion Title or Number at End (D) or
cisable Date of Shares of Indi- (Instr.4)
Month rect (I)
Instr.4)
(Instr.4)
================== ======= ======= ======== ========== ======== =======
17,500 D
Explanation of Responses:
/s/ George R. Shepherd 06/16/98
** 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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