Form: 4

Statement of changes in beneficial ownership of securities

January 3, 2003

4: Statement of changes in beneficial ownership of securities

Published on January 3, 2003

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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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

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).

(Print or Type Responses)

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1. Name and Address of Reporting Person*

Rollins, Gary W.
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(Last) (First) (Middle)


2170 Piedmont Road NE
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(Street)

Atlanta, GA 30324
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(City) (State) (Zip)

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2. Issuer Name and Ticker or Trading Symbol

Rollins, Inc. (ROL)

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3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)

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4. Statement for Month/Day/Year

12/31/02
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5. If Amendment, Date of Original (Month/Day/Year)

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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

[X] Director [X] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)

CEO, President, & Chief Operating Officer
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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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5.
Amount of 6.
2A. 4. Securities Owner-
Deemed Securities Acquired (A) or Beneficially ship
2. Execution 3. Disposed of (D) Owned Form: 7.
Transaction Date, Transaction (Instr. 3, 4 and 5) Following Direct Nature of
Date if any Code ---------------------------- Reported (D) or Indirect
1. (Month/ (Month/ (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security Day/ Day/ ----------- Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) Year) Year) Code V (D) and 4) (Instr. 4) (Instr. 4)
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Rollins, Inc. 455,871** D
Common Stock $1
Par Value
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Rollins, Inc. 70,323* I By Spouse
Common Stock $1
Par Value
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Rollins, Inc. 12/31/02 J(a) 68,400 D 0* I Co-Trustee of
Common Stock $1 Trusts
Par Value
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Rollins, Inc. 23,700* I Co-Trustee of
Common Stock $1 Charitable
Par Value Fund
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Rollins, Inc. 12/31/02 J(a) 10,419,000 D 0* I By LOR, Inc.
Common Stock $1
Par Value
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Rollins, Inc. 12/31/02 J(a) 382,264 D 0* I Trustee of
Common Stock $1 Trust
Par Value
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Rollins, Inc. 595,000* I Co-Trustee of
Common Stock $1 Charitable
Par Value Foundation
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Rollins, Inc. 12/31/02 J(a) 432,000 D 0* I Rollins
Common Stock $1 Holding Co.,
Par Value Inc.
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Rollins, Inc. 12/31/02 J(a) 1,359,000 D 0* I By Limited
Common Stock $1 Liability
Par Value Company
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Rollins, Inc. 12/31/02 J(a) 14,079,185 A 14,079,185* I RFPS
Common Stock $1 Investments
Par Value I, L.P.
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===================================================================================================================================

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).

** This number includes 13,512 shares of 401(k) stock first reported in January
2002.

J(a) - See Exhibit A Attached (Over)
SEC 1474 (9/02)
FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

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9.
Number 10.
of Owner-
Deriv- ship
2. ative Form
Conver- 5. 7. Secur- of 11.
sion Number of Title and Amount ities Deriv- Nature
or 3A. Derivative 6. of Underlying 8. Bene- ative of
Exer- Deemed 4. Securities Date Securities Price ficially Secur- In-
cise 3. Execu- Trans- Acquired (A) Exercisable and (Instr. 3 and 4) or Owned ity: direct
Price Trans- tion action or Disposed Expiration Date ---------------- Deriv- Following Direct Bene-
1. of action Date, Code of (D) (Month/Day/Year) Amount ative Reported (D) or ficial
Title of Deriv- Date if any (Instr. (Instr. 3, ---------------- or Secur- Trans- Indirect Owner-
Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity action(s) (I) ship
Security Secur- Day/ Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr, 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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====================================================================================================================================

Explanation of Responses:


/s/ Gary W. Rollins
Signed by Glen P. Grove, Jr.
As Power of Attorney January 3, 2002
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**Signature of Reporting Person Date

*Gary W. Rollins disclaims for the purpose of Section 16 of the Securities and
Exchange Act of 1934, the beneficial ownership of the shares described in Table
1, lines 2-10, and this report is not an admission of such beneficial
ownership.

** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C.78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.


Page 2




Exhibit A

Gary W. Rollins


(a) The Reporting Person beneficially and indirectly owns a portion of the
Rollins, Inc. (ROL) shares owned by the following entities:

LOR, Inc. a Georgia corporation
Rollins Holding Company, Inc., a Georgia corporation

The Reporting Person reports indirect holdings of ROL shares as
Trustee, co-Trustee or Manager of the following entities but has no
pecuniary interest in these shares:

MRLT Partners, L.P., a Georgia limited partnership
RCTLOR, LLC, a Georgia limited liability company, through LOR, Inc.,
its Manager RRR Grandchildren's Custodial Partnership I, L.P., a
Georgia limited partnership 1997 RRR Grandchildren's Partnership, a
Georgia general partnership

All shares owned by the above entities were contributed to RFPS
Investments I, L.P. (RFPS), a Georgia limited partnership, along with
ROL shares contributed by the following entities and persons on
formation of RFPS:

Grace C. Rollins, individually
Pamela R. Rollins, individually
Timothy C. Rollins, individually
Amy Rollins Kreisler, individually
Nancy Rollins Griffith, individually
1976 Gary W. Rollins Grandchildren's Trust as co-Trustee
1996 JR Partnership, L.P., a Georgia limited partnership
1996 JPR Partnership, L.P., a Georgia limited partnership
2001 RRR, Jr. Grantor Trust, as Trustee
RWR Management Company, LLC, a Georgia limited liability company, as
Manager and Trustee of its sole Member

The general partner of RFPS is LOR Investment Company, LLC, a Georgia
limited liability company, wholly owned by LOR, Inc. The Reporting
Person is an officer, director and shareholder of LOR, Inc. As a result
of the contribution to RFPS, the Reporting Person now reports an
indirect interest in all of the ROL shares held by RFPS.

The Reporting Person disclaims ownership of these shares in excess of
his pecuniary interest.