<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 15 )*
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 4 pages.
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CUSIP NO. 530370 10 5 SCHEDULE 13G PAGE 2 OF 4 PAGES
------------- ----- ----
<TABLE>
<S> <C>
- ------------------------------------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
William Franklin 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
NUMBER OF 145,060 Shares
SHARES ---------------------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,371,030 Shares
EACH ---------------------------------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 145,060 Shares
---------------------------------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,371,030 Shares
- ------------------------------------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,516,090 Shares
- ------------------------------------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES * [ ]
- ------------------------------------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.3%
- ------------------------------------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON * IN
- ------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILING 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: 1,516,090 shares
(b) Percent of Class: 7.3%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote 145,060 shares
(ii) Shared power to vote or direct the
vote 1,371,030 shares
(iii) Sole power to dispose or direct the
disposition 145,060 shares
(iv) Shared power to dispose or direct
the disposition 1,371,030 shares
Mr. Hipp disclaims beneficial ownership of all the shares shown above
except the 145,060 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 5.3%) 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) 62,927 shares (or .3%) are held by Mr. Hipp's wife and by or for
his minor children.
(c) 19,793 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) 119,800 shares (or .6%) are held by 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) 70,830 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 5, 1998 /s/ William Franklin Hipp
-------------------------------
William Franklin Hipp
Page 4 of 4 Pages.
