------ U.S. SECURITIES & ------------
FORM 4 EXCHANGE COMMISSION OMB APPROVAL
------ Washington, D.C. 20549 ------------
[ ] Check this box if OMB Number 3235-0287
no longer subject Expires: April 30, 1997
Section 16. Form 4 Estimated average burden
or Form 5 obliga- hours per response . . 0.5
tions may continue.
See Instruction 1(b).
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(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Knox Boone A.
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(Last) (First) (Middle)
3133 Washington Road
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(Street)
Thomson GA 30824
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(City) (State) (ZIP)
2. Issuer Name and Ticker or Trading Symbol
Merry Land & Investment Company, Inc. (MRY)
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3. IRS or Social Security Number of Reporting Person
###-##-####
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4. Statement for Month/Year
January 1997
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
X Director 10% Owner
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Officer Other
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(give title below) (specify below)
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<TABLE>
<CAPTION>
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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3. 4.
Transaction Securities Acquired (A) or Disposed
Code of (D) (Instr. 3, 4 and 5)
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5. Amount of
Securities 6. Ownership 7. Nature of
2. Beneficially Form: Direct Indirect
Transaction Owned at End (D) or Beneficial
1. Date of Month Indirect (I) Ownership
Title of Security (MM/DD/YY) Code V Amount (A) or (D) Price (Inst. 3 & 4) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 1/17/97 P 100,000<F5> A $21.50 105,082 D ---
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Common Stock --- --- --- --- --- --- 5,876 I By Wife<F1>
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Common Stock --- --- --- --- --- --- 2,213,583 I By Limited
Partnership<F2>
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Common Stock --- --- --- --- --- --- 5,998 I By General
Partnership <F3>
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Common Stock --- --- --- --- --- --- 30,000 I By Profit Sharing
Plan<F4>
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<FN>
<F1> The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission
that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
<F2> The reporting person serves as general partner of Knox, Ltd. which holds the reported shares. The reporting person disclaims
beneficial ownership of the shares held in Knox, Ltd. except to the extent of his pecuniary interest therein.
<F3> The reporting person is managing general partner of BT Investments, a Georgia general partnership. The reporting person
disclaims beneficial ownership of the shares owned by BT Investments except to the extent of his pecuniary interest therein.
<F4> The reporting person is one of three trustees of Allied Bankshares, Inc. Profit Sharing Plan & Trust. The reporting person
disclaims beneficial ownership of the shares owned by Allied Bankshares, Inc. Profit Sharing Plan & Trust except to the
extent of his pecuniary interest therein.
<F5> These shares were acquired under the Merry Land & Investment Company, Inc. Directors Stock Loan Plan pursuant to which the
reporting person has executed a full recourse note in favor of Merry Land & Investment Company, Inc. for the purchase price
of the common stock.
</TABLE>
Reminder: Report on a separate line for each class of securities Page 1
beneficially owned directly or indirectly. SEC 1474
(Print or Type Responses) (3/91)
<TABLE>
<CAPTION>
FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned Page 2
(e.g. puts, calls, warrants, options, convertible securities)
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4.<F4> 5.<F5> 6.<F6> 7.<F7>
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Date Expira-
Exer- tion
1.<F1> 2.<F2> 3.<F3> Code V (A) (D) cisable Date Title Shares 8.<F8> 9.<F9> 10.<F10> 11.<F11>
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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<FN>
<F1> Title of Derivative Security (Instr. 3)
<F2> Conversion or Exercise of Price of Derivative Security
<F3> Transaction Date (MM/DD/YY)
<F4> Transaction Code (Instr. 8)
<F5> Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
<F6> Date Exercisable and Expiration Date (MM/DD/YY)
<F7> Title and Amount of Underlying Securities (Instr. 3 and 4)
<F8> Price of Derivative Security (Instr. 5)
<F9> Number of Derivative Securities Beneficially Owned at End of Year (Instr. 4)
<F10> Ownership of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
<F11> Nature of Indirect Beneficial Ownership (Instr. 4)
</TABLE>
