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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 12 )*
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THE LIBERTY CORPORATION
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(NAME OF ISSUER)
Common Stock (no par value)
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(TITLE OF CLASS OF SECURITIES)
530370-10-5
(CUSIP NUMBER)
*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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13G
CUSIP NO. 530370-10-5 Page 2 of 5 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
BENEFICIALLY 2,148,937
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
8 SHARED DISPOSITIVE POWER
1,789,392
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,148,937
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.63%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 2 of 5 pages
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 12 TO SCHEDULE 13G
ORIGINALLY FILED FEBRUARY 14, 1979
Schedule 13G originally filed February 14, 1979, as heretofore
amended, is further amended as set forth in Items 4 and 6; Item 2 reflects no
change, but is included for identification purposes:
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 4. OWNERSHIP:
(a) Amount beneficially owned 2,148,937*/
(b) Percent of class 10.63 %
(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 2,148,937*/
(iii) Sole power to dispose or direct
the disposition of - 0 -
(iv) Shared power to dispose or direct
the disposition of 1,789,392*/
__________________________________
*/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.
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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.
(b) 359,545 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 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.
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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 5, 1997
/s/ William R. Patterson
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William R. Patterson
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