------ 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
- ---------------------------------------------------------------------------
1. Name and Address of Reporting Person
Bailey Joseph P. III
------------------------------------
(Last) (First) (Middle)
6 Lake Court
------------------------------------
(Street)
Augusta Georgia 30909
------------------------------------
(City) (State) (ZIP)
2. Issuer Name and Ticker or Trading Symbol
Merry Land & Investment Company, Inc. (MRY)
-------------------------------------------
3. IRS or Social Security Number of Reporting Person
###-##-####
-------------------------------------------------
4. Statement for Month/Year
January 1997
------------------------
5. If Amendment, Date of Original (Month/Year)
-------------------------------------------
6. Relationship of Reporting Person to Issuer
(Check all applicable)
Director 10% Owner
--------- ---------
X Officer Other
--------- ---------
(give title below) (specify below)
------------------------------------------
Vice President
------------------------------------------
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ----------------------------------------------------------------------------------------------------------------------------------
3. 4.
Transaction Securities Acquired (A) or Disposed
Code of (D) (Instr. 3, 4 and 5)
- ----------------------------------------------------------------------------------------------------------------------------------
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)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ----------------------------------------------------------------------------------------------------------------------------------
Common Stock --- --- --- --- --- --- 3,027.26 I By ESOP
- ----------------------------------------------------------------------------------------------------------------------------------
Common Stock 12/16/96 G V 500 A --- 59,010.00 D --
- ----------------------------------------------------------------------------------------------------------------------------------
Common Stock 12/16/96 G V 1000 A --- 2,500.00 I By Children
- ----------------------------------------------------------------------------------------------------------------------------------
Common Stock 12/16/96 G V 500 A --- 500.00 I By Spouse
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
</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)
--------------------------- January 10, 1997
Joseph P. Bailey III Date
**Signature of Reporting Person
** 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.
Page 2
SEC 1474 (3/91)
