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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
Park National Corporation
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(Name of Issuer)
Common Shares, without par value
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(Title of Class of Securities)
700658 10 7
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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).
Page 1 of 6 Pages
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<TABLE>
<CAPTION>
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<S> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J. Gilbert Reese
S. S. ####-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
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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
411,420 common shares
NUMBER OF -------------------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY None common shares
EACH -------------------------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
411,420 common shares
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8 SHARED DISPOSITIVE POWER
None common shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
411,420 common shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) /X/
25,520 shares held in the Newark Campus Development Fund (NCDF). Mr.
Reese has shared voting power with ten other trustees of NCDF shares.
20,000 shares held in the Gilbert Reese Family Foundation (GRFF).
Mr. Reese has no voting powers over shares held in GRFF.
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.38%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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</TABLE>
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ITEM 1(a). Name of Issuer.
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Park National Corporation
ITEM 1(b). Address of Issuer's Principal Executive Offices.
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P.O. Box 3500
Newark, Ohio 43058-3500
ITEM 2(a). Name of Person Filing.
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J. Gilbert Reese
ITEM 2(b). Address of Principal Business Office or, if none,
Residence of Person Filing.
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36 N. Second Street
P.O. Box 919
Newark, Ohio 43058-0919
Item 2(c). Citizenship of Person Filing.
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United States of America
Item 2(d). Title of Class of Securities.
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Common Shares, without par value
Item 2(e). CUSIP Number.
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700658 10 7
Item 3. If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a: N/A
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(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
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(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Section
240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership.
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(a) Amount Beneficially Owned:
411,420
(b) Percent of Class:
4.38%
(c) Number of shares as to which person filing has:
(i) Sole power to vote or to direct the vote:
411,420
(ii) Shared power to vote or to direct the vote:
None
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(iii) Sole power to dispose or to direct the disposition of:
411,420
(iv) Shared power to dispose or to direct the disposition of:
None
Item 5. Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following: [X]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
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N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
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N/A
Item 8. Identification and Classification of Members of the Group.
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N/A
Item 9. Notice of Dissolution of Group.
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Not Applicable.
Item 10. Certification.
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Not Applicable.
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SIGNATURE
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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.
Dated: January 20, 1998 /s/ J. Gilbert Reese
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J. Gilbert Reese
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