<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. ________________)*
Georgia-Carolina Bancshares, Inc.
------------------------------------------------
(Name of Issuer)
Common Stock
------------------------------------
(Title of Class of Securities)
373145 10 1
------------------------------
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on the following page(s))
Page 1 of 8 pages
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<TABLE>
<CAPTION>
CUSIP No. 373145 10 1 Page 2 of 9 Pages
13G
- ----------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON
James L. Lemley, M.D.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 300
SHARES -------------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 33,500
EACH -------------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 300
WITH -------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
33,500
- ----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,800
- ----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
- ----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3%
- ----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 8 Pages
<PAGE> 3
<TABLE>
<CAPTION>
CUSIP No. 373145 10 1 Page 3 of 9 Pages
13G
- ----------------------------------------------------------------------------------------------------------------------
<S> <C><C<C>
1 NAME OF REPORTING PERSON
Robert K. Lemley, M.D.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 300
SHARES -------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
33,500
OWNED BY -------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
300
PERSON -------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
33,500
- ----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,800
- ----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
- ----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3%
- ----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 8 Pages
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Item 1(a). Name of Issuer.
Georgia-Carolina Bancshares, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices.
110 East Hill Street, Thomson, Georgia 30824
Item 2(a). Name of Person Filing.
This statement is filed by James L. Lemley, M.D. and Robert K.
Lemley (collectively, the "Lemleys") with respect to the shares
of common stock of Georgia-Carolina Bancshares, Inc. (the
"Company") beneficially owned by them.
Item 2(b). Address of Principal Business Office or, if none, Residence.
1. James L. Lemley, M.D.
P.O. Box 1898
Thomson, Georgia 30824
2. Robert K. Lemley, M.D.
1286 Wolf Pen Drive
Thomson, Georgia 30824
Item 2(c). Citizenship.
The Lemleys are United States citizens.
Item 2(d). Title of Class of Securities.
Common Stock, .001 par value per share
Item 2(e). CUSIP Number.
373145 10 1
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not applicable.
Item 4(a). Amount Beneficially Owned as of December 31, 1997.
1. James L. Lemley, M.D.
Dr. Lemley beneficially owns 33,800 shares of Company
common stock.
Page 4 of 8 Pages
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Dr. Lemley is a Co-Trustee of the Patricia M. Lemley Trust
("the Trust") and shares voting and investing power with
respect to the 33,500 shares of Company common stock held
by the Trust.
2. Robert K. Lemley, M.D.
Dr. Lemley beneficially owns 33,800 shares of Company
common stock. Dr. Lemley is a Co-Trustee of the Trust and
shares voting and investing power with respect to the
33,500 shares of Company common stock held by the Trust.
Item 4(b). Percent of Class.
The Lemleys beneficially own 5.3% of the Company's common stock.
Item 4(c). Number of Shares as to Which Such Person has:
1. James L. Lemley, M.D.
(i) sole power to vote or to direct the vote: 300
(ii) shared power to vote or to direct the vote:
33,500
(iii) sole power to dispose or to direct the
disposition of: 300
(iv) shared power to dispose or to direct the
disposition of: 33,500
2. Robert K. Lemley, M.D.
(i) sole power to vote or to direct the vote: 300
(ii) shared power to vote or to direct the vote:
33,500
(iii) sole power to dispose or to direct the
disposition of: 300
(iv) shared power to dispose or to direct the
disposition of: 33,500
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Page 5 of 8 Pages
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Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.
Page 6 of 8 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
February 13, 1998 /s/ James L. Lemley
---------------------------
James L. Lemley, M.D.
/s/ Robert K. Lemley
---------------------------
Robert K. Lemley, M.D.
Page 7 of 8 Pages
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EXHIBIT 1
JOINT ACQUISITION STATEMENT PURSUANT TO
RULE 13D-1 (F)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G, is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G, shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.
February 13, 1998 /s/ James L. Lemley
--------------------------
James L. Lemley, M.D.
/s/ Robert K. Lemley
--------------------------
Robert K. Lemley, M.D.
Page 8 of 8 Pages
