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
Grunebaum, Peter K
750 Lexington Avenue
30th Floor
New York, NY 10022
USA
2. Issuer Name and Ticker or Trading Symbol
Pre-Paid Legal Services, Inc.
PPD
3. IRS or Social Security Number of Reporting Person (Voluntary)
096-28-6316
4. Statement for Month/Year
February 1, 2002
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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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)| |
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Common Stock |2/25/0|M | |4,000 |A |16.00 | | | |
|2 | | | | | | | | |
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|2/25/0|S | |2,000 |D |26.45 |7,500 |D | |
|2 | | | | | | | | |
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| | | | | | |1,200 |I |By Keogh Plan |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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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)| |
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Option - Right to Buy |19.20 |3/01/| | | | | | |Common | | |10,000 |D | |
| |01 | | | | | | | | | | | | |
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Option - Right To Buy |16.00 |3/01/|M | |4,000 2,000|A,D|(1) |3/1/0|Common | | | |D | |
| |97 | | | | | |2 | | | | | | |
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Option - Right to Buy |42.125 |3/01/| | | | | | |Common | | |10,000 |D | |
| |98 | | | | | | | | | | | | |
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Option - RIght to Buy |30.25 |3/01/| | | | | | |Common | | |10,000 |D | |
| |99 | | | | | | | | | | | | |
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Option - Right to Buy |29.625 |3/01/| | | | | | |Common | | |10,000 |D | |
| |00 | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) These securities were acquired through participation in the Issuer's Stock
Option Plan approved by shareholders on March 1, 1997. These are
exempt under Rule 16a-8(b). These options were exercisable on December 1,
1997.
..
SIGNATURE OF REPORTING PERSON
Peter Grunebaum
DATE
March 8, 2002