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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 14)
THE LIBERTY CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
530370 10 5
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(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).
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CUSIP NO. 530370 10 5 SCHEDULE 13G PAGE 2 OF 4 PAGES
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
William Franklin Hipp
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ X ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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(5) SOLE VOTING POWER
NUMBER OF 116,299
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,516,621
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 116,299
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(8) SHARED DISPOSITIVE POWER
1,516,621
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,632,920
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.1%
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 4 PAGES
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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Under The Securities Exchange Act of 1934
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:
William Franklin Hipp
Item 2(b). Address of Principal Business Office or, If None, Residence:
40 Old Vermont Place
Atlanta, Georgia 30328
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: 1,632,920 shares
(b) Percent of Class: 8.1%
(c) Number of shares as to which
such person has:
(i) Sole power to vote or direct the vote 116,299 shares
(ii) Shared power to vote or direct the
vote 1,516,621 shares
(iii) Sole power to dispose or direct the
disposition 116,299 shares
(iv) Shared power to dispose or direct
the disposition 1,516,621 shares
Mr. Hipp disclaims beneficial ownership of all the shares shown above
except the 116,299 shares as to which he has sole voting and dispositive power.
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) 1,097,680 shares (or 5.4%) are held by Wachovia Bank, Greenville,
South Carolina, as trustee for the benefit of Mr. Hipp's brothers and sisters.
Mr. Hipp, Mr. Hipp's brothers and sisters 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 but not
action with respect to distribution of dividends or sale proceeds, which may be
accumulated or distributed to the beneficiaries.
Page 3 of 4 Pages
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(b) 61,903 shares (or .3%) are held by Mr. Hipp's wife and by or for
his minor children.
(c) 18,258 shares (or .1%) held by the William Hipp Family 1988 Trust
for the benefit of his children. Mr. Hipp's wife and Mr. Hipp's brother (H. Neel
Hipp, Jr.) serve as Co-Trustees of the Trust.
(d) 270,000 shares (or 1.3%) are held by the Jane F. Hipp Children's
Ten-Year Grantor Income Trust, the Jane F. Hipp Children's Twelve-Year Grantor
Income Trust, and the Jane F. Hipp Grandchildren's 1987 Ten-Year Grantor Income
Trust. Mr. Hipp is a trustee of each trust.
(e) 68,780 shares (or .3%) are held by the H. Neel Hipp, Jr. Children's
1987 Fifteen-Year Grantor Income Trust and the H. Neel Hipp, Jr. 1987 Family
Trust. Mr. Hipp is a trustee of each 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 2, 1997 /s/ William Franklin Hipp
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William Franklin Hipp
Page 4 of 4 Pages
