<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 10 )*
--------
THE LIBERTY CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock (no par value)
- --------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
530370-10-5
--------------
(CUSIP NUMBER)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 6 Pages
<PAGE> 2
<TABLE>
<S> <C> <C>
CUSIP NO. 530370-10-5 13G Page 2 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William R. Patterson
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
5 SOLE VOTING POWER
-0-
6 SHARED VOTING POWER
NUMBER OF
SHARES 2,166,830
BENEFICIALLY
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING -0-
PERSON
WITH 8 SHARED DISPOSITIVE POWER
1,789,392
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,166,830
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.92%
12 TYPE OF REPORTING PERSON*
IN
</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 6 pages
<PAGE> 3
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 10 TO SCHEDULE 13G
ORIGINALLY FILED FEBRUARY 14, 1979
Schedule 13G originally filed February 14, 1979, as heretofore
amended, is further amended and is also restated in its entirety pursuant to
Regulation S-T, Item 101(a)(2)(ii) because this is the first electronic
amendment to a Schedule 13G previously filed in paper format.
Item 1.
(a) NAME OF ISSUER:
The Liberty Corporation
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2000 Wade Hampton Boulevard
Greenville, SC 29615
Item 2.
(a) NAME OF PERSON FILING:
William R. Patterson
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Sutherland, Asbill & Brennan
999 Peachtree Street, N.E.
Atlanta, GA 30309-3996
(c) CITIZENSHIP:
United States of America
(d) TITLE OF CLASS OF SECURITIES:
Common Stock (no par value)
(e) CUSIP NUMBER:
530370-10-5
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
Not applicable
Page 3 of 6 Pages
<PAGE> 4
Item 4. OWNERSHIP:
(a) Amount beneficially owned 2,166,830 *
(b) Percent of class 10.92 %
(c) Number of shares as to which such
person has:
(i) Sole power to vote or direct
the vote - 0 -
(ii) Shared power to vote or direct
the vote 2,166,830 *
(iii) Sole power to dispose or direct
the disposition of - 0 -
(iv) Shared power to dispose or direct
the disposition of 1,789,392 *
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
The shares shown in Item 4(c)(ii) and (iv) above are held by
trusts, and the beneficiaries of such trusts have the right
to receive dividends and sale proceeds as follows:
(a) 1,373,392 shares are held by Wachovia
Bank, Greenville, South Carolina, as trustee of
trusts for the benefit of the adult children of Herman
N. Hipp: Herman N. Hipp, Jr., Mary Ladson Hipp Haddow,
William Franklin Hipp, Edward Fishburne Hipp and Jane
Gage Hipp Caulder. William R. Patterson and certain
children of Herman N. Hipp are committeemen for these
trusts and must approve the action of the trustee taken
with respect to the voting and disposition of
shares held in the trust but not action taken with
respect to distribution of dividends or sale proceeds,
which may be accumulated or distributed to the
beneficiaries.
- ----------------------------------
* The filing of this statement shall not be construed as an admission that
William R. Patterson is, for the purposes of Sections 13(d) or 13(g) of the
Securities Exchange Act of 1934, or for any other purpose, the beneficial owner
of the shares described in Item 4. These shares are held by various trusts for
which Mr. Patterson serves on the Trust Committee. Mr. Patterson disclaims
beneficial ownership of all these shares. See Item 6.
Page 4 of 6 Pages
<PAGE> 5
(b) 377,438 shares are held by Wachovia Bank, Greenville,
South Carolina as trustee of a trust created under the
Will of Herman N. Hipp for the benefit of his wife,
Jane F. Hipp. Mrs. Hipp and William R. Patterson serve
as the members of the trust committee, and in such
capacity they have the right to demand and receive from
the trustee a proxy permitting them to vote any shares
of stock held by the trust, including the shares of The
Liberty Corporation, on any occasion when any of such
shares may be voted. Mr. Patterson, as a member of
the trust committee, does not have or share the power
to dispose or to direct the disposition of any of
these shares.
(c) 416,000 shares are held by Wachovia Bank, Greenville,
South Carolina, as trustee for the benefit of Boyd
Calhoun Hipp, II and Beth Louise Hipp Clifton.
William R. Patterson, Francis M. Hipp and W. Hayne
Hipp are the committeemen for these trusts and must
approve the action of the trustee taken with respect
to the voting and disposition of shares held in the
trust and with respect to distribution of dividends or
sale proceeds, which may be accumulated or distributed
to the beneficiaries.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not applicable
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable
Item 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable
Item 10. CERTIFICATION:
Not applicable
Page 5 of 6 Pages
<PAGE> 6
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth above in this statement is
true, complete and correct.
February 13, 1995
/S/ William R. Patterson
--------------------------------------------
William R. Patterson
Page 6 of 6 Pages
