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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. 4 )
Caraustar Industries, Inc.
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(Name of Issuer)
Common Shares
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(Title of Class of Securities)
140909102
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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. 140909102 SCHEDULE 13G PAGE 2 OF 5 PAGES
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Maxine Francis Forrest
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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(5) SOLE VOTING POWER
NUMBER OF 1,462,546
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 431,279
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 1,462,546
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(8) SHARED DISPOSITIVE POWER
431,279
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,893,825
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ XX ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.6
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 5 PAGES
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ITEM
A. Caraustar Industries, Inc.
B. 3100 Washington Street
Charlotte, North Carolina 30001.
ITEM I.
A. Maxine Francis Forrest.
B. 216 Vauxhall Drive
Shelby, North Carolina 28150.
C. United States.
D. Common Shares.
E. 140909102.
ITEM II. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
ITEM III. OWNERSHIP.
The following information is as of December 31, 1996:
A. 1,893,825 shares.(1)
B. 7.6%.
C. (i) 1,462,546 shares.(2)
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(1) Includes 71,279 shares held of record by the reporting person's spouse,
18,870 shares held by the reporting person as custodian for the reporting
person's minor children, 446,564 shares held by the reporting person as trustee
for the benefit of for the reporting person's minor children, 450,728 shares
held by the reporting person as trustee for the benefit of a minor nephew and
niece of the reporting person, 142,438 shares held by the reporting person for
the benefit of the reporting person as trustee under an agreement with the
reporting person's mother and 360,000 shares held by The Edward C. Giles
Foundation, of which the reporting person is President and a Director. Pursuant
to Rule 13d-4, the filing of this statement shall not be construed as an
admission that the reporting person is, or was, for the purposes of Section
13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial owner of
any of these shares.
(2) Includes 18,870 shares held by the reporting person as custodian for the
reporting person's minor children, 446,564 shares held by the reporting person
as trustee for the benefit of for the reporting person's minor children,
(continued)
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Page 4 of 5 pages
(ii) 431,279 shares.(3)
(iii) 1,462,546 shares.(2)
(iv) 431,279 shares.(3)
ITEM IV. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM V. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not applicable.
ITEM VI. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY.
Not applicable.
ITEM VII. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP.
Not applicable.
ITEM VIII. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM IX. CERTIFICATION.
Not applicable.
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450,728 shares held by the reporting person as trustee for the benefit of a
minor nephew and niece of the reporting person and 142,438 shares held by the
reporting person for the benefit of the reporting person as trustee under an
agreement with the reporting person's mother. Pursuant to Rule 13d-4, the
filing of this statement shall not be construed as an admission that the
reporting person is, or was, for the purposes of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, the beneficial owner of any of these shares.
(3) Includes 71,279 shares held of record by the reporting person's spouse and
360,000 shares held by the Edward C. Giles Foundation, of which the reporting
person is President and a Director. Pursuant to Rule 13d-4, the filing of this
statement shall not be construed as an admission that the reporting person is,
or was, for the purposes of Section 13(d) or 13(g) of the Securities Exchange
Act of 1934, the beneficial owner of any of these shares.
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Page 5 of 5 pages
SIGNATURE
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 10, 1997
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Date
/s/ Maxine Francis Forrest
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Signature
Maxine Francis Forrest
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