MERRY LAND & INVESTMENT CO INC
4, 1998-04-15
REAL ESTATE INVESTMENT TRUSTS
Previous: SEAGULL ENERGY CORP, 5/A, 1998-04-15
Next: MERRY LAND & INVESTMENT CO INC, 4, 1998-04-15



          ------               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:September 30, 1998
     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*

         Benton       Ronald        J.
     ------------------------------------
         (Last)      (First)     (Middle)

                  38 Conifer Lane
     ------------------------------------
                    (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
     (Voluntary)

     ###-##-####
     -------------------------------------------------

4.   Statement for Month/Year

     March 1998
     ------------------------

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 &  Controller

     ------------------------------------------

7.   Individual or Joint/Group Filing
     (Check Applicable Line)

         X      Form Filed by One Reporting Person
     ---------           
                Form Filed by More than One Reporting Person
     ---------            

<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          ---             --      --       ---         --        ---       104,089      D                  ---
- ----------------------------------------------------------------------------------------------------------------------------------
Common Stock          ---             --      --       ---         --        ---         1,171      I                 By Wife 
- ----------------------------------------------------------------------------------------------------------------------------------
Common Stock          3/27/98         J<F1>    V      1,290.89     A        $22.8750     9,787.49   I                 By ESOP 
- ----------------------------------------------------------------------------------------------------------------------------------
<FN>
<F1> Allocation of shares on 3/27/98 under the Merry Land & Investment Company, Inc. Employee Stock Ownership Plan under Rule 16b-
3(c) in an allocation of shares purchased by the ESOP, as of 12/31/97 at at price of $22.8750 per share.
</FN>
</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)                                     (7/96)

          *If the form is filed by more than one reporting person, 
see Instruction 5(b)(v).
<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)
- ----------------------------------------------------------------------------------------------------------------------------------
                             4.<F4>       5.<F5>       6.<F6>            7.<F7>
- ----------------------------------------------------------------------------------------------------------------------------------
                                                           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>
- ----------------------------------------------------------------------------------------------------------------------------------
<S>      <C>       <C>          <C>   <C>   <C>    <C>      <C>     <C>       <C>      <C>     <C>       <C>      <C>      <C>
- ----------------------------------------------------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------------------------------------------------
<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 Period (Instr. 4)
<F10>  Ownership of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
<F11>  Nature of Indirect Beneficial Ownership (Instr. 4)
- ----------------------------------------------------------------------------------------------------------------------------------
</FN>
</TABLE>


             /s/                                  April 14, 1998
  -------------------------------              --------------------
          Ronald J. Benton                              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.

       Potential persons who are to respond to the collection of      Page 2
       information contained in this form are not required to       SEC 1474
       respond unless the form displays a currently valid OMB Number. (7/96)


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission