UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL [ ] Check this box if no longer OMB Number: subject to Section 16. 3235-0287 Form 4 or Form 5 obligations Expires: January 31, 2005 may continue. Estimated average burden See Instruction 1(b). hours per response. 0.5 ------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Kelly Margaret A. ------------------------------------------------------------ (Last) (First) (Middle) c/o Jones Lang LaSalle Incorporated 200 East Randolph Drive ------------------------------------------------------------ (Street) Chicago Illinois 60601 ------------------------------------------------------------ (City) (State) (Zip) ------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Jones Lang LaSalle Incorporated, JLL ------------------------------------------------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) ------------------------------------------------------------------------- 4. Statement for Month/Day/Year 1/1/03 ------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Day/Year) ------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( ) 10% Owner ( X ) Officer (give title below) DIRECTOR, GLOBAL MARKETING ( ) Other (specify below) AND COMMUNICATIONS ------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (check applicable line) ( X ) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person ------------------------------------------------------------------------- 1 ------------------------------------------------------------------------- TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ------------------------------------------------------------------------- 1. Title of Security (Instr. 3) Common Stock ------------------------------------------------------------------------- 2. Transaction Date (Month/Day/Year) (i) 7/1/02 (iii) 1/1/03 (ii) 7/1/02 (iv) 1/1/03 ------------------------------------------------------------------------- 2A. Deemed Execution Date, if any (Month/Day/Year) ------------------------------------------------------------------------- 3. Transaction Code (Code/V) (Instr. 8) (i) M (iii) M (ii) F (iv) F ------------------------------------------------------------------------- 4. Securities Acquired (A) or Disposed of (D) (Amount/(A) or (D)/Price) (Instr. 3, 4 and 5) (i) 1,181 / (A) / $24.40 (iii) 2,339 / (A) / $15.89 (ii) 541 / (D) / $24.40 (iv) 1,411 / (D) / $15.89 ------------------------------------------------------------------------- 5. Amount of Securities Beneficially Owned Following Reported Transactions (s) (Instr. 3 and 4) 20,329 ------------------------------------------------------------------------- 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D ------------------------------------------------------------------------- 7. Nature of Indirect Beneficial Ownership (Instr. 4) ------------------------------------------------------------------------- 2 ------------------------------------------------------------------------- TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities) ------------------------------------------------------------------------- 1. Title of Derivative Security (Instr. 3) (i) Vesting of Restricted Stock Units (ii) Option to Purchase Shares of Common Stock (iii) Vesting of Restricted Stock Units (iv) Grant of Restricted Stock Units ------------------------------------------------------------------------- 2. Conversion or Exercise Price of Derivative Security (ii) $23.08 ------------------------------------------------------------------------- 3. Transaction Date (Month/Day/Year) (i) 7/1/02 (iii) 1/1/03 (ii) 5/14/02 (iv) 1/1/02 ------------------------------------------------------------------------- 3A. Deemed Execution Date, if any (Month/Day/Year) ------------------------------------------------------------------------- 4. Transaction Code (Code/V) (Instr. 8) (i) C / V (iii) C (ii) A / V (iv) A / V ------------------------------------------------------------------------- 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) (i) 1,722 (iii) 3,750 (ii) 1,500 (iv) 1,236 ------------------------------------------------------------------------- 6. Date Exercisable and Expiration Date (Month/Day/Year) (i) Vests with respect to one-third of the shares on each of the first three anniversary dates of the date of grant; Expiration - 5/19/09 (ii) Vests with respect to one-half of the shares eighteen and thirty months from the date of grant ------------------------------------------------------------------------- 7. Title and Amount of Underlying Securities (Instr. 3 and 4) (i) Common Stock, 1,722 (iii) Common Stock, 3,750 Shares (ii) Common Stock, 1,500 (iv) Common Stock, 1,236 ------------------------------------------------------------------------- 8. Price of Derivative Security (Instr. 5) N.A. ------------------------------------------------------------------------- 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4). 6,283 ------------------------------------------------------------------------- 10. Ownership Form of Derivative Securities Beneficially Owned at End of Month (Instr. 4) D ------------------------------------------------------------------------- 11. Nature of Indirect Beneficial Ownership (Instr. 4) ------------------------------------------------------------------------- 3 Explanation of Responses: /s/ Gordon G. Repp as attorney-in-fact January 9, 2003 -------------------------------------- --------------- **Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). 4