<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 16 )*
THE LIBERTY CORPORATION
-------------------------------------------
(Name of Issuer)
COMMON STOCK
-------------------------------------------
(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 5 Pages
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<TABLE>
<CAPTION>
CUSIP NO. 530370 10 5 13G Page 2 of 5 Pages
<S> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
W. HAYNE HIPP
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
462,166
NUMBER OF
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 1,988,112
REPORTING
PERSON 7 SOLE DISPOSITIVE POWER
WITH
462,166
8 SHARED DISPOSITIVE POWER
1,988,112
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,450,278
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.3%
12 TYPE OF REPORTING PERSON*
IN
</TABLE>
SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 pages
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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Under The Securities Exchange Act of 1934
<TABLE>
<S> <C>
Item 1(a). Name of Issuer:
The Liberty Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
2000 Wade Hampton Boulevard
Greenville, South Carolina 29615
Item 2(a). Name of Person Filing:
W. Hayne Hipp
Item 2(b). Address of Principal Business Office or, If None, Residence:
2000 Wade Hampton Boulevard
Greenville, South Carolina 29615
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of class of securities:
Common Stock
Item 2(e). CUSIP Number:
530370-10-5
Item 3. Not Applicable
Item 4. Ownership:
(a) Amount Beneficially Owned: 2,450,278 shares
(b) Percent of Class: 12.3%
(c) Number of shares as to which
such person has:
(i) Sole power to vote or direct the vote 462,166
(ii) Shared power to vote or direct the vote 1,988,112
(iii) Sole power to dispose or direct the
disposition of 462,166
(iv) Shared power to dispose or direct
the disposition of 1,988,112
</TABLE>
Mr. Hipp disclaims beneficial ownership of all the
shares shown above except the 462,166 shares as to which he has sole voting and
dispositive power.
Page 3 of 5 Pages
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Item 5. Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6. Ownership or More than Five Percent on Behalf of
Another Person:
The shares shown in Item 4(ii) and (iv) above are held
by persons or entities having the right to receive
dividends and sale proceeds as follows:
(a) 762,036 shares (or 3.8%) are held by Wachovia
Bank, Greenville, South Carolina, as trustee of trusts for the benefit of the
adult children of Mr. Hipp's deceased aunt (Dorothy Hipp Gunter). Mr. Hipp,
Mr. Hipp's father (Francis M. Hipp) and an unrelated individual 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 trusts and
action with respect to distribution of dividends or sale proceeds, which may
be accumulated or distributed to the beneficiaries.
(b) 416,000 shares (or 2.1%) are held by Wachovia
Bank, Greenville, South Carolina, as trustee of trusts for the benefit of Boyd
Calhoun Hipp II and Beth Louise Hipp Clifton. Mr. Hipp, Mr. Hipp's father
(Francis M. Hipp) and William R. Patterson 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 trusts and with respect to
distribution of dividends or sale proceeds, which may be accumulated or
distributed to the beneficiaries.
(c) 396,144 shares (or 2.0%) are held by Wachovia
Bank, Greenville, South Carolina as trustee of trusts for the benefit of Mr.
Hipp's brother and sister. Mr. Hipp and Mr. Hipp's brother and sister 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 trusts and
with respect to distribution of dividends or sale proceeds, which may be
accumulated or distributed to the beneficiaries.
(d) 242,595 shares (or 1.2%) are held by the Francis
M. Hipp Foundation, Francis M. Hipp 1986 Charitable Trust, Shirley M. Hipp 1987
Grandchildren's Grantor Income Trust, Shirley M. Hipp 1987 Children's Grantor
Income Trust and The W. Hayne Hipp Foundation. Mr. Hipp is a trustee of each
foundation and trust.
Page 4 of 5 Pages
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(e) 110,227 shares (or .6%) are held by Mr. Hipp,
Wachovia Bank, Greenville, South Carolina, and an unrelated individual as
Personal Representatives under the Last Will and Testament of Mr. Hipp's aunt,
Dorothy Hipp Gunter.
(f) 49,436 shares (or .3%) are held by Mr. Hipp's
wife, by or for a child residing at home, and by Mr. Hipp for unrelated minors.
(g) 11,674 shares (or .1%) are held by the W. Hayne
Hipp 1990 Family Trust for the benefit of his children. Mr. Hipp's wife and an
unrelated individual serve as Co-Trustees of this Trust.
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 the Group:
Not applicable.
Item 10. Certification:
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.
February 1, 1995 /s/ W. Hayne Hipp
-------------------
W. Hayne Hipp
Page 5 of 5 Pages.
