4 1 0001.txt FORM 4 - SEPTEMBER 27,2000 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person Work, Harold K. 14643 Dallas Parkway Suite 1000 Dallas, TX 75240-8871 USA 2. Issuer Name and Ticker or Trading Symbol Elcor Corporation ELK 3. IRS or Social Security Number of Reporting Person (Voluntary) ###-##-#### 4. Statement for Month/Year September 27,2000 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Chairman, President and CEO 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock, $1 Par Value*|9/27/0|M | |14,625 |A |$5.3889 | |D | | |0 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| |9/27/0|F | |5,000 |D |$14.6875 |225,759.5000 |D | | |0 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | |42,661.0020 |I |By ESOP Trustee | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| Incentive Stock Option|$19.9375|7/31/|A |V|91,500 |A |7/31/|7/30/|Common Stock|91,500 |19.9375| |D | | (Right to Buy)* | |00 | | | | |01 |10 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| ** |$5.3889 |9/27/|M | |14,625 |D |9/29/|9/28/|Common Stock|14,625 |$5.3889|351,990 |D | | | |00 | | | | |92 |00 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: * Granted under the 1998 Amended and Restated Elcor Corporation Incentive Stock Option Plan in transaction exempt under Rule 16b-3. The option is exercisable as to 20% of the number of shares set forth above one year after the effective date of the grant, with an additional 20% for each year thereafter until the option is exercisable as to 100% of such shares five years after the date of the grant. The option expires 10 years after the effective date of the grant, or, in this case, July 30, 2010. ** Stock-for-stock exercise of option under Elcor Corporation's Incentive Stock Option Plan. SIGNATURE OF REPORTING PERSON /s/ Harold K. Work DATE October 10, 2000