UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
CT Communications, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------------------
(Title of Class of Securities)
126426 40 2
- -------------------------------------------------------------------------------
(CUSIP Number)
March 3, 2000
- -------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
Page 1 of 5 pages
<PAGE>
CUSIP No. 126426 40 2 13G Page 2 of 5 pages
- -------------------------------------------------------------------------------
1. Names of Reporting Persons:
I.R.S. Identification Nos. of above persons (entities only):
Estate of Mariam C. Schramm
- -------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions): (a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3. SEC Use Only
- -------------------------------------------------------------------------------
4. Citizenship or Place of Organization:
Mrs. Schramm was a citizen of North Carolina
- -------------------------------------------------------------------------------
5. Sole Voting Power: 0
Number of -------------------------------------------------------------
Shares Bene- 6. Shared Voting Power: 484,931
ficially Owned
by Each -------------------------------------------------------------
Reporting 7. Sole Dispositive Power: 0
-------------------------------------------------------------
8. Shared Dispositive Power: 484,931
- -------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
484,931
- -------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row 9 Excludes Certain
Shares (See Instructions): [ ]
- -------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9:
5.2%
- -------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions):
IN
- -------------------------------------------------------------------------------
Page 2 of 5 pages
<PAGE>
Item 1.
(a) Name of Issuer: CT Communications, Inc.
(b) Address of Issuer's Principal Executive Offices:
68 Cabarrus Avenue, East
Concord, North Carolina 28025
Item 2.
(a) Name of Person Filing: This Schedule is filed on behalf of
the Estate of Mariam C. Schramm. Mrs. Schramm was a citizen of
the United States.
(b) Address of Principal Business Office or, if none, Residence:
845 Church Street North
Suite 201
Concord, North Carolina 28025
(c) Citizenship: See above Item 2(a)
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 126426 40 2
Item 3.
If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance withss.240.13d-1(b)(1)
(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition
of an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J);
If this statement is filed pursuant to Section 240.13d-1(c), check
this box |X|.
Page 3 of 5 pages
<PAGE>
Item 4. Ownership:
(a) As a result of the passing of Mrs. Schramm, the Estate of
Mariam C. Schramm beneficially owns 484,931 shares of the
issuer's common stock. The co-executors of the Estate of
Mariam C. Schramm, who share voting and disposition power,
are Michael R. Coltrane and First Charter National Bank.
(b) Percent of class: 5.2%
------
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0.
-----
(ii) Shared power to vote or to direct the vote: 484,931.
---------
(iii) Sole power to dispose or to direct the disposition of: 0.
----
(iv) Shared power to dispose or to direct the disposition of:
484,931.
-------
Item 5. Ownership of Five Percent or Less of a Class: N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person: N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company: N/A
Item 8. Identification and Classification of Members of the Group: N/A
Item 9. Notice of Dissolution of Group: N/A
Item 10. Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that
purpose or effect.
Page 4 of 5 pages
<PAGE>
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.
March 28, 2000
-----------------------------
Date
FIRST CHARTER NATIONAL BANK,
as Co-executor
By: /s/ Nancy L. Mills
----------------------------------
Nancy L. Mills
Vice President and Trust Officer
Page 5 of 5 pages
