INTERSTATE JOHNSON LANE INC 4

4 · INTERSTATE JOHNSON LANE INC · Filed May 10, 1999

Form 4

Period: 1999-04-30

DirectorPresident and Chief Executive Officer/President, CEO & DirectorOther

Transactions

Other
Common stock, $.20 par valu
1999-04-01$32.00/sh−274$8,768→ 0 total(indirect: By Children)
Other
Common stock, $.20 par valu
1999-04-01$32.00/sh−86$2,752→ 0 total(indirect: By Spouse)
Other
Common stock, $.20 par valu
1999-04-01$32.00/sh−222$7,104→ 0 total(indirect: Held by ESOP)
Other
Stock Option
1999-04-01−10,000→ 0 total
Exercise: $13.50→ Common stock (10,000 underlying)
Other
Stock Option
1999-04-01−35,000→ 0 total
Exercise: $13.50→ Common stock (35,000 underlying)

Footnotes (3)

[01]Exchanged at the rate of .388 of a share of Wachovia Corporation common stock, having a value of $82.40, for each share of Interstate/Johnson Lane, Inc. common stock pursuant to the merger of Interstate/Johnson Lane, Inc. into Wachovia Corporation as of 12:01 a.m. on April 1, 1999.
[02]The reporting person disclaims beneficial ownership of the securities and this report will not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
[03]This option was assumed by Wachovia Corporation in the Merger. The shares covered by the option have been converted, at the rate of .388 of a share of Wachovia Corporation common stock for each share of Interstate/Johnson Lane, Inc. common stock, into the right to receive shares of Wachovia Corporation common stock.

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