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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2
(AMENDMENT NO. 14 )(1)
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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
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ X ] Rule 13d-1(d)
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(1) 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 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 13G PAGE 2 OF 4 PAGES
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William R. Patterson
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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 -0-
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 2,136,274
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH -0-
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(8) SHARED DISPOSITIVE POWER
1,789,392
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,136,274
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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
11.4%
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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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AMENDMENT NO. 14 TO SCHEDULE 13G
Schedule 13G, as originally filed February 14, 1979 and as amended
prior to this filing, is further amended as of December 31, 1998 as set forth
in Items 4 and 6:
<TABLE>
<CAPTION>
ITEM 4. OWNERSHIP:
<S> <C> <C>
(a) Amount beneficially owned 2,136,274*/
(b) Percent of class 11.4%
(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 2,136,274*/
(iii) Sole power to dispose or direct the disposition of -0-
(iv) Shared power to dispose or direct the disposition of 1,789,392*/
</TABLE>
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) 346,882 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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*/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 3 of 4 Pages
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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.
January 29, 1999
/s/ William R. Patterson
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William R. Patterson
Page 4 of 4 Pages
