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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No.______)*
WACKENHUT CORRECTIONS CORPORATION
-----------------------------------------
(Name of Issuer)
COMMON STOCK
-----------------------------------------
(Title of Class of Securities)
929798106
-----------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP NO. 929798106 13G PAGE 2 OF 5 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
George R. Wackenhut
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 107,530
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 12,000,000
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 107,530
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(8) SHARED DISPOSITIVE POWER
12,000,000
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,107,530
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
55.2%
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(12) TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 929798106 13G PAGE 3 OF 5 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ruth J. Wackenhut
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 12,000,000
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
12,000,000
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,000,000
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
54.7%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 4 of 5 Pages
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
[ ] Check the following box if a fee is being paid with this statement:
Item 1(a) Name of Issuer:
Wackenhut Corrections Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
4200 Wackenhut Drive, #100
Palm Beach Gardens, Florida 33410-4342
Item 2(a) Name of Person Filing:
George R. and Ruth J. Wackenhut
Items 2(b) Address of Principal Business Office, or, if none, Residence:
4200 Wackenhut Drive, #100
Palm Beach Gardens, Florida 33410-4342
Item 2(c) Citizenship:
U.S.A.
Item 2(d) Title of Class of Securities:
Common Stock, par value $0.01 per share
Item 2(e) CUSIP Number:
929798-10-6
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the
Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act.
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisors Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Rule
13d-(b)(1)(ii)(F).
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G). (Note: See Item 7).
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Item 4 Ownership:
(a) Amount Beneficially Owned: 12,107,530(1)(2)
(b) Percent of class: 55.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 107,530(2)
(ii) shared power to vote or to direct the
vote 12,000,000(1)
(iii) sole power to dispose or to direct the
disposition of 107,530(2)
(iv) shared power to dispose or direct the
disposition of 12,000,000(1)
- ---------------------
(1) George R. Wackenhut and his wife, Ruth J. Wackenhut, beneficially own
approximately 50.004% of the Series A Common (voting) Stock of The
Wackenhut Corporation. By virtue of their control of The Wackenhut
Corporation, George R. and Ruth J. Wackenhut are deemed indirect beneficial
owners of the Issuer's stock beneficially owned by The Wackenhut
Corporation. As of December 31, 1996, The Wackenhut Corporation, through
its wholly-owned subsidiary, Tuhnekcaw, Inc., a Delaware corporation
("Tuhnekcaw"), indirectly beneficially owned 12,000,000 or 54.7% of the
Issuer's common stock. As a result, George R. and Ruth J. Wackenhut are
deemed to have shared voting and dispositive power for such 12,000,000
shares. Prior to December 1994, The Wackenhut Corporation directly
beneficially owned 6,000,000 shares of the Issuer. The Wackenhut
Corporation originally acquired beneficial ownership of such shares at the
time of the incorporation of the Issuer in 1988 and as a result of a
subsequent stock dividend issued prior to Issuer registering its common
stock under Section 12(g) of the Securities and Exchange Act of 1934. The
Issuer's 2 for 1 stock dividend of 6/3/96 caused such number of shares to
be restated as 12,000,000. George R. and Ruth J. Wackenhut are deemed to
have acquired their indirect beneficial ownership in such shares at the
time The Wackenhut Corporation acquired its beneficial ownership in such
shares.
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Page 5 of 5 Pages
(2) Includes shares subject to options which have been granted to
George R. Wackenhut and which are immediately exercisable.
Item 5 Ownership of Five (5%) Percent or Less of a Class:
Not applicable
Item 6 Ownership of More than Five (5%) Percent on Behalf of Another Person:
Not applicable
Item 7 Identification and classification of the subsidiary which acquired
the security being reported on by the parent holding company:
Not applicable
Item 8 Identification and classification of members of the group:
Not applicable
Item 9 Notice of Dissolution of Group:
Not applicable
Item 10 Certification:
Not applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: 2-11-97
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Signature: /s/ George R. Wackenhut
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Name: George R. Wackenhut
Date: 2-11-97
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Signature: /s/ Ruth J. Wackenhut
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Name: Ruth J. Wackenhut
