Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ZOLEY GEORGE C
  2. Issuer Name and Ticker or Trading Symbol
GEO GROUP INC [GGI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman & CEO
(Last)
(First)
(Middle)
ONE PARK PLACE, SUITE 700, 621 NW 53RD STREET
3. Date of Earliest Transaction (Month/Day/Year)
05/04/2006
(Street)

BOCA RATON, FL 33487
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Restricted Stock (1) 05/04/2006   A   52,322 A $ 0 52,322 D  

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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)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 21.5             01/23/1997 01/23/2007 Common Stock 20,000   20,000 D  
Stock Option $ 25.0625             01/23/1998 01/23/2008 Common Stock 30,000   30,000 D  
Stock Option $ 8.4375             02/16/2000 02/16/2010 Common Stock 70,000   70,000 D  
Stock Option $ 9.3             02/08/2001 02/08/2011 Common Stock 70,000   70,000 D  
Stock Option $ 15.4             02/07/2002 02/07/2012 Common Stock 75,000   75,000 D  
Stock Option $ 18.625             02/18/1999 02/18/2009 Common Stock 33,000   33,000 D  
Stock Option $ 9.51             02/12/2003 02/12/2013 Common Stock 21,273   21,273 D  
Stock Option $ 14             05/01/2003 05/01/2013 Common Stock 54,545   54,545 D  
Stock Option $ 18.25             08/05/2004 08/05/2014 Common Stock 9,485   9,485 D  
Stock Option $ 22.53             03/02/2006 03/02/2016 Common Stock 9,867   9,867 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ZOLEY GEORGE C
ONE PARK PLACE, SUITE 700
621 NW 53RD STREET
BOCA RATON, FL 33487
  X     Chairman & CEO  

Signatures

 /s/ George C. Zoley By: Kenneth J. Mendell as Attorney-in-Fact   05/16/2006
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Restricted Stock will vest 25% of the shares on each grant annual anniversary date.

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