UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 6)
Under the Securities Exchange Act of 1934
GRAY COMMUNICATIONS SYSTEMS, INC.
---------------------------------
(Name of Issuer)
Class A Common Stock, no par value
Class B Common Stock, no par value
----------------------------------
(Title of Class of Securities)
389190109
-----------------
(CUSIP Number)
Robert S. Prather, Jr.
Bull Run Corporation
4370 Peachtree Road, N.E.
Atlanta, Georgia 30319
(404) 266-8333
- --------------------------------------------------------------------------------
(Name, Address, and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 30, 1998
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
<PAGE>
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule
13d-1(b) (3) or (4), check the following box: [ ]
Check the following box if a fee is being paid with the
statement: [ ]
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person Bull Run Corporation
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds N/A
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization Georgia
- --------------------------------------------------------------------------------
VII. Sole Voting 2,857,647 shares of
Power Class A Common Stock
------------------------------------------------
Number of Shares VIII. Shared Voting -0-
Power
------------------------------------------------
IX. Sole Dis- 2,857,647 shares of
positive Power Class A Common Stock
------------------------------------------------
X. Shared Dis- -0-
positive Power
- --------------------------------------------------------------------------------
XI. Aggregate Amount Beneficially 2,857,647 shares of
Owned By Each Reporting Person Class A Common Stock
- --------------------------------------------------------------------------------
XII. Check box if the Aggregate Amount
<PAGE>
in Row (11) Excludes Certain Shares [X]
- --------------------------------------------------------------------------------
XIII. Percent of Class Represented by
Amount in Row (11) 37.3
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person CO
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person Bankers Fidelity
Life Insurance
Company
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds WC
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization Georgia
- --------------------------------------------------------------------------------
VII. Sole Voting 221,706 shares of
Power Class A Common Stock
------------------------------------------------
Number of Shares VIII. Shared Voting -0-
Power
------------------------------------------------
IX. Sole Dis- 221,706 shares of
positive Power Class A Common Stock
------------------------------------------------
X. Shared Dis- -0-
positive Power
------------------------------------------------
XI. Aggregate Amount Beneficially 221,706 shares of
Owned By Each Reporting Person Class A Common Stock
- --------------------------------------------------------------------------------
XII. Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares [ ]
<PAGE>
- ------------------------------------------------------------------------------
XIII. Percent of Class Represented by
Amount in Row (11) 3.3%
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person IC, CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person Georgia Casualty &
Surety Company
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds WC
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization Georgia
132,354 shares of
VII. Sole Voting Class A Common Stock
Power 6,000 shares of
Class B Common Stock
------------------------------------------------
Number of Shares VIII. Shared Voting -0-
Power
------------------------------------------------
132,354 shares of
IX. Sole Dis- Class A Common Stock
positive Power 6,000 shares of
Class B Common Stock
------------------------------------------------
X. Shared Dis- -0-
positive Power
- --------------------------------------------------------------------------------
132,354 shares of
XI. Aggregate Amount Beneficially Class A Common Stock
Owned By Each Reporting Person 6,000 shares of
Class B Common Stock
- --------------------------------------------------------------------------------
XII. Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares [ ]
<PAGE>
- ------------------------------------------------------------------------------
1.9% of Class A
XIII. Percent of Class Represented by Common Stock
Amount in Row (11) .1% of Class B
Common Stock
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person IC, CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person J. Mack Robinson
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds PF
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
345,375 shares of
VII. Sole Voting Class A Common Stock
Power 11,250 shares of
Class B Common Stock
------------------------------------------------
VIII. Shared Voting -0-
Number of Shares Power
------------------------------------------------
345,375 shares of
IX. Sole Dis- Class A Common Stock
positive Power 11,250 shares of
Class B Common Stock
------------------------------------------------
X. Shared Dis- -0-
positive Power
- --------------------------------------------------------------------------------
345,375 shares of
XI. Aggregate Amount Beneficially Class A Common Stock
Owned By Each Reporting Person 11,250 shares of
Class B Common Stock
- --------------------------------------------------------------------------------
XII. Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares [x]
<PAGE>
- ------------------------------------------------------------------------------
5.1% of Class A
XIII. Percent of Class Represented by Common Stock
Amount in Row (11) .2% of Class B
Common Stock
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person IN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person Harriett J. Robinson
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds PF
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
166,725 shares of
VII. Sole Voting Class A Common Stock
Power 13,650 shares of
Class B Common Stock
------------------------------------------------
Number of Shares VIII. Shared Voting -0-
Power
------------------------------------------------
166,725 shares of
IX. Sole Dis- Class A Common Stock
positive Power 13,650 shares of
Class A Common Stock
------------------------------------------------
X. Shared Dis- -0-
positive Power
- --------------------------------------------------------------------------------
166,725 shares of
XI. Aggregate Amount Beneficially Class A Common Stock
Owned By Each Reporting Person 13,650 shares of
Class B Common Stock
- --------------------------------------------------------------------------------
XII. Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares [x]
- --------------------------------------------------------------------------------
<PAGE>
2.4% of Class A Common
XIII. Percent of Class Represented by Stock
Amount in Row (11) .3% of Class B Common
Stock
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person IN
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person Harriett J. Robinson,
Trustee U/A 8/25/84
FBO Jill E. Robinson
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds OO
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
VII. Sole Voting 128,250 shares of
Power Class A Common Stock
------------------------------------------------
Number of Shares VIII. Shared Voting -0-
Power
------------------------------------------------
IX. Sole Dis- 128,250 shares of
positive Power Class A Common Stock
------------------------------------------------
X. Shared Dis- -0-
positive Power
- --------------------------------------------------------------------------------
XI. Aggregate Amount Beneficially 128,250 shares of
Owned By Each Reporting Person Class A Common Stock
- --------------------------------------------------------------------------------
XII. Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares [X]
<PAGE>
- --------------------------------------------------------------------------------
XIII. Percent of Class Represented by
Amount in Row (11) 1.9%
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person OO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person Harriett J. Robinson,
Trustee U/A 8/25/84
FBO Robin M. Robinson
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds OO
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
97,500 shares of
VII. Sole Voting Class A Common Stock
Power 3,750 shares of
Power Class B Common Stock
------------------------------------------------
Number of Shares VIII. Shared Voting -0-
Power
------------------------------------------------
97,500 shares of
IX. Sole Dis- Class A Common Stock
positive Power 3,750 shares of
Class B Common Stock
------------------------------------------------
X. Shared Dis- -0-
positive Power
- --------------------------------------------------------------------------------
97,500 shares of
XI. Aggregate Amount Beneficially Class A Common Stock
Owned By Each Reporting Person 3,750 shares of
Class B Common Stock
- --------------------------------------------------------------------------------
XII. Check box if the Aggregate Amount
<PAGE>
in Row (11) Excludes Certain Shares [X]
- --------------------------------------------------------------------------------
1.4% of Class A
XIII. Percent of Class Represented by Common Stock
Amount in Row (11) .1% of Class B
Common Stock
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person OO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person Jill E. Robinson
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds PF
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
VII. Sole Voting 96,750 shares of
Power Class A Common Stock
------------------------------------------------
Number of Shares VIII. Shared Voting -0-
Power
------------------------------------------------
IX. Sole Dis- 96,750 shares of
positive Power Class A Common Stock
------------------------------------------------
X. Shared Dis- -0-
positive Power
- --------------------------------------------------------------------------------
XI. Aggregate Amount Beneficially 96,750 shares of
Owned By Each Reporting Person Class A Common Stock
- --------------------------------------------------------------------------------
XII. Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares [x]
<PAGE>
- ------------------------------------------------------------------------------
XIII. Percent of Class Represented by
Amount in Row (11) 1.4%
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person IN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person Hilton H. Howell, Jr.
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds PF
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
34,500 shares of Class A
VII. Sole Voting Common Stock
Power 22,500 shares of Class B
Common Stock
------------------------------------------------
Number of Shares VIII. Shared Voting 750 shares of Class A
Power Common Stock
------------------------------------------------
34,500 shares of Class A
IX. Sole Dis- Common Stock
positive Power 22,500 shares of Class B
Common Stock
------------------------------------------------
X. Shared Dis- 750 shares of Class A
positive Power Common Stock
------------------------------------------------
32,250 shares of Class A
XI. Aggregate Amount Beneficially Common Stock
Owned By Each Reporting Person 22,500 shares of Class B
Common Stock
- --------------------------------------------------------------------------------
XII. Check box if the Aggregate Amount
<PAGE>
in Row (11) Excludes Certain Shares [x]
- --------------------------------------------------------------------------------
.5% of Class A
XIII. Percent of Class Represented by Common Stock
Amount in Row (11) .4% of Class B
Common Stock
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person IN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person Delta Life Insurance
Company
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds WC
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization Georgia
- --------------------------------------------------------------------------------
VII. Sole Voting 119,250 shares of
Power Class A Common Stock
------------------------------------------------
Number of Shares VIII. Shared Voting -0-
Power
------------------------------------------------
IX. Sole Dis- 119,250 shares of
positive Power Class A Common Stock
------------------------------------------------
X. Shared Dis- -0-
positive Power
- --------------------------------------------------------------------------------
XI. Aggregate Amount Beneficially 119,250 shares of
Owned By Each Reporting Person Class A Common Stock
- --------------------------------------------------------------------------------
XII. Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
<PAGE>
XIII. Percent of Class Represented by
Amount in Row (11) 1.8%
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person IC, CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person Robin R. Howell
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds PF
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
VII. Sole Voting 58,575 shares of
Power Class A Common Stock
------------------------------------------------
Number of Shares VIII. Shared Voting 750 shares of Class A
Power Common Stock
------------------------------------------------
IX. Sole Dis- 58,575 shares of
positive Power Class A Common Stock
------------------------------------------------
X. Shared Dis- 750 shares of Class A
positive Power Common Stock
- --------------------------------------------------------------------------------
XI. Aggregate Amount Beneficially 59,325 shares of
Owned By Each Reporting Person Class A Common Stock
- --------------------------------------------------------------------------------
XII. Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares [x]
<PAGE>
- --------------------------------------------------------------------------------
XIII. Percent of Class Represented by
Amount in Row (11) .9%
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person IN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person Delta Fire &
Casualty Insurance
Company
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds WC
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization Georgia
- --------------------------------------------------------------------------------
VII. Sole Voting 6,750 shares of
Power Class A Common Stock
------------------------------------------------
Number of Shares VIII. Shared Voting -0-
Power
------------------------------------------------
IX. Sole Dis- 6,750 shares of
positive Power Class A Common Stock
- --------------------------------------------------------------------------------
X. Shared Dis- -0-
Dipositive Power
- --------------------------------------------------------------------------------
XI. Aggregate Amount Beneficially 6,750 shares of
Owned By Each Reporting Person Class A Common Stock
- --------------------------------------------------------------------------------
XII. Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares [ ]
<PAGE>
- --------------------------------------------------------------------------------
XIII. Percent of Class Represented by
Amount in Row (11) .1%
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person IC, CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 389190109
- -------------------
I. Name of Reporting Person Robert S. Prather,
Jr.
S.S. or I.R.S. Identification No.
of Above Person (Intentionally
Omitted)
- --------------------------------------------------------------------------------
II. Check the Appropriate Box if a (a) [ ]
Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
III. SEC Use Only
- --------------------------------------------------------------------------------
IV. Source of Funds PF, BK
- --------------------------------------------------------------------------------
V. Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or
2(e) [ ]
- --------------------------------------------------------------------------------
VI. Citizenship or Place of Organization United States
- --------------------------------------------------------------------------------
218,451 shares of
VII. Sole Voting Class A Common Stock
Power 12,450 shares of
Class B Common Stock
------------------------------------------------
Number of Shares VIII. Shared Voting 225 shares
Power
------------------------------------------------
218,451 shares of
IX. Sole Dis- Class A Common Stock
positive Power 12,450 shares of
Class B Common Stock
------------------------------------------------
X. Shared Dis- 225 shares
positive Power
- --------------------------------------------------------------------------------
218,451 shares of
XI. Aggregate Amount Beneficially Class A Common Stock
Owned By Each Reporting Person 12,450 shares of
Class B Common Stock
- --------------------------------------------------------------------------------
<PAGE>
XII. Check box if the Aggregate Amount
in Row (11) Excludes Certain Shares [x]
- --------------------------------------------------------------------------------
3.2% of Class A
XIII. Percent of Class Represented by Common Stock
Amount in Row (11) .2% of Class B
Common Stock
- --------------------------------------------------------------------------------
XIV. Type of Reporting Person IN
- --------------------------------------------------------------------------------
<PAGE>
Items 1, 2, 3, and 5 of the Schedule 13D, dated May 12, 1993, relating
to the Class A Common Stock, no par value, of Gray Communications Systems, Inc.,
as amended by Amendment No. 1 thereto, dated September 30, 1994, Amendment No. 2
thereto, dated October 14, 1994, Amendment No. 3 thereto, dated November 25,
1994, Amendment No. 4 thereto, dated December 5, 1994, and Amendment No. 5
thereto, dated January 31, 1996 (the "Schedule 13D"), are hereby amended by
adding thereto the information set forth below. The terms defined in the
Schedule 13D shall have their defined meanings herein, unless otherwise defined
herein.
The filing of the Schedule 13D (including all amendments thereto) does
not constitute an admission by any of the persons making this filing that such
persons are a "group" for purposes of Section 13(d)(3) of the Securities
Exchange Act of 1934 (the "Act"). The Reporting Persons deny that they should be
deemed to be such a "group" and such persons are making this filing only because
they may be deemed to constitute a "group" for purposes of Section 13(d)(3) of
the Act.
Item 1. Security and Issuer.
- ------- --------------------
The classes of equity securities to which this statement relates
are the Class A Common Stock, no par value (the "Common Stock"), and the
Class B Common Stock, no par value
<PAGE>
(the "Class B Common Stock"), of Gray Communications Systems, Inc., a
Georgia corporation (the "Issuer"). The principal executive offices of
the Issuer are located at 126 North Washington Street, Albany, Georgia 31701.
<PAGE>
Item 2. Identity and Background.
- ----------------------------------
In 1996, J. Mack Robinson was elected President and Chief Executive
Officer of the Issuer and Robert S. Prather, Jr. was elected Executive Vice
President - Acquisitions of the Issuer and in 1997, Harriett J.Robinson was
elected a director of the Issuer. Atlantic American Life Insurance Company has
disposed of all of the shares of Common Stock formerly owned by it and is no
longer a Reporting Person.
Item 3. Source and Amount of Funds.
- -------------------------------------
Robert S. Prather, Jr. used personal funds and the proceeds of a bank
loan to purchase certain of the shares of Common Stock owned by him. All of such
shares are pledged by Mr. Prather to the bank to secure such loan and such bank
has an option to sell to J. Mack Robinson, and J. Mack Robinson has an option to
purchase from such bank, the bank's rights to and in interest in such loan and
the shares collateralizing such loan.
Item 5. Interest in Securities of the Issuer.
- ----------------------------------------------
Set forth below is information concerning the beneficial ownership of
shares of the Common Stock owned by each of the Reporting Persons. Such
information gives effect to the three-for-two split of the Common Stock on
September 30, 1998 (the "Common Stock Split"). Except as otherwise described
below,
<PAGE>
each of the Reporting Persons has the sole power to vote or direct the
vote and sole power to dispose of the Common Stock beneficially owned by him.
Each of the Reporting Persons disclaims beneficial ownership of any shares of
Common Stock owned by any other Reporting Person.
<TABLE>
<S> <C> <C>
Percentage of
Number of Outstanding
Shares of Shares of
Name Common Stock Common Stock
- ----- ------------ -------------
Bull Run 2,857,647(1) 37.3%
Bankers Fidelity Life 221,706 3.3%
Georgia Casualty & Surety 132,354 1.9%
J. Mack Robinson 345,375(2) 5.1%
Harriett J. Robinson 166,725 2.4%
the Trust 128,250 1.9%
RMR Trust 97,500 1.4%
Jill E. Robinson 96,750 1.4%
Hilton H. Howell, Jr. 35,250(3) .5%
Robin R. Howell 58,575(3) .9%
Delta Life 119,250 1.8%
Delta Fire 6,750 .1%
Robert S. Prather, Jr. 218,451(4) 3.2%
</FN>
- ----------
(1) Owned by Bull Run through its wholly-owned subsidiary, DataSouth
Computer Corporation. Includes warrants to purchase 847,500 shares of
Common Stock which are
<PAGE>
exercisable within 60 days. Does not include 1,000 shares of Class
A Preferred Stock of the Issuer and 425 shares of Class B Preferred
Stock of the Issuer, none of which is voting or convertible into
Common Stock or Class B Common Stock. Does not include warrants to
purchase an aggregate of 258,750 shares of Common Stock which are
vested, but are not exercisable within 60 days of the date hereof.
(2) Does not include 425 shares of Class B Preferred Stock of the Issuer
owned by Mr. Robinson and his affiliates, none of which shares is
voting or convertible into Common Stock or Class B Common Stock.
(3) Includes an aggregate of 750 shares of Common Stock owned by the minor
children of these Reporting Persons.
(4) Includes 150 shares owned by Mr. Prather's wife, as to which shares Mr.
Prather disclaims beneficial ownership.
</FN>
</TABLE>
Other than the receipt of additional shares of Common Stock and the
adjustment of the warrants held by Bull Run, in each case as a result of the
Common Stock Split, none of the Reporting Persons had any transactions in the
Common Stock during the 60-day period preceding the date of this Amendment No.
6.
Set forth below is information concerning the beneficial ownership of
shares of Class B Common Stock owned by each of the Reporting Persons. Such
information gives effect to the three-for-two split of Class B Common Stock on
September 30, 1998 (the "Class B Split"). Except as otherwise described below,
each of the Reporting Persons has the sole power to vote or direct the vote and
sole power to dispose of the Class B Common Stock beneficially owned by him.
Each of the Reporting Persons
<PAGE>
disclaims beneficial ownership of any shares of Class B Common Stock owned by
any other Reporting Person.
<TABLE>
<S> <C> <C>
Percentage of
Number of Outstanding
Shares of Shares of
Class B Class B
Name Common Stock Common Stock
- ----- ------------ -------------
J. Mack Robinson 11,250 .2%
Hilton H. Howell, Jr. 22,500(1) .4%
Robert S. Prather, Jr. 12,450(1) .2%
Georgia Casualty & Surety 6,000 .1%
RMR Trust 3,750 .1%
Harriett J. Robinson 13,650 .3%
<FN>
- ----------
(1) Includes options to purchase shares of Class B Common Stock
</FN>
</TABLE>
Other than the receipt of additional shares of Class B Common Stock and
the adjustment of the options held by certain of the persons listed above as a
result of the Class B Split, none of the Reporting Persons had any transactions
in the Class B Common Stock during the 60-day period preceding the date of this
Amendment No. 6, except that, on September 14, 1998, on The New York Stock
Exchange, RMR Trust purchased 3,750 shares of Class B Common Stock for $17 per
share and Georgia Casualty & Surety
<PAGE>
purchased 6,000 shares of Class B Common Stock for $17 per share (in each case,
adjusted for the Class B Split).
<PAGE>
SIGNATURES
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.
BULL RUN CORPORATION
October 31, 1998 By /s/ Robert S. Prather, Jr.
--------------------------------
Robert S. Prather, Jr.
President
BANKERS FIDELITY LIFE INSURANCE
COMPANY
October 31, 1998 By /s/ J. Mack Robinson
--------------------------------
J. Mack Robinson
President
GEORGIA CASUALTY & SURETY COMPANY
October 31, 1998 By /s/ J. Mack Robinson
--------------------------------
J. Mack Robinson
President
October 31, 1998 By /s/ J. Mack Robinson
--------------------------------
J. Mack Robinson
October 31, 1998 /s/ Harriett J. Robinson
-----------------------------------
Harriett J. Robinson
TRUST U/A 8/25/84 FBO
JILL E. ROBINSON
October 31, 1998 By /s/ Harriett J. Robinson
--------------------------------
Harriett J. Robinson,
<PAGE>
as Trustee
TRUST U/A 8/25/84 FBO
ROBIN M. ROBINSON
October 31, 1998 By /s/ Harriett J. Robinson
--------------------------------
Harriett J. Robinson,
as Trustee
October 31, 1998 /s/ Jill E. Robinson
-----------------------------------
Jill E. Robinson
October 31, 1998 /s/ Hilton H. Howell, Jr.
-----------------------------------
Hilton H. Howell, Jr.
October 31, 1998 /s/ Robin R. Howell
-----------------------------------
Robin R. Howell
DELTA LIFE INSURANCE COMPANY
October 31, 1998 By /s/ J. Mack Robinson
-----------------------------------
J. Mack Robinson
President
DELTA FIRE & CASUALTY
INSURANCE COMPANY
October 31, 1998 By /s/ J. Mack Robinson
-----------------------------------
J. Mack Robinson
October 31, 1998 /s/ Robert S. Prather, Jr.
-----------------------------------
Robert S. Prather, Jr.
<PAGE>
