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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
Imperial Holly Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
452835101
(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 5
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CUSIP NO. 452835101 13G Page 2 of 5 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
United States National Bank of Galveston
74-1708566
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
National Banking Association
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 1,937,456
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 1,787,256
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
150,650
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,937,906
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.6%
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12 TYPE OF REPORTING PERSON*
BK
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1(a) Name of Issuer:
Imperial Holly Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
One Imperial Square, Suite 200
8016 Highway 90-A
Sugarland, TX 77478
Item 2(a) Name of Person Filing:
UNITED STATES NATIONAL BANK OF GALVESTON
Item 2(b) Address of Principal Business Office, or if None, Residence:
2201 Market Street
Galveston, Texas 77550
Item 2(c) Citizenship:
National banking association
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
452835101
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(b) [X] Bank as defined in Section 3(a)(6) of the Act.
Item 4 Ownership:
(a) Amount Beneficially Owned:
1,937,906
(b) Percent of Class:
13.6%
Page 3 of 5 Pages
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(c) Number of Shares as to which such Person has:
(i) sole power to vote or to direct the vote
1,937,456
(ii) shared power to vote or to direct the vote
-0-
(iii) sole power to dispose or to direct the disposition of
1,787,256
(iv) shared power to dispose or to direct the disposition of
150,650
Reporting Person, as trustee under various trusts and as agent
pursuant to various agency agreements for various accounts, has voting
or investment power over 1,937,456 shares of the Issuer's common
stock. As indicated above, Reporting Person has or shares voting power
with respect to -0- of such shares, and has or shares dispositive
power with respect to 1,937,906 of such shares. Reporting
Person hereby expressly disclaims beneficial ownership with respect to
all such shares and, accordingly, the filing of this Section 13G may
not be construed as an admission that such person is, for the purposes
of Section 13(d) or 13(g) of the Act, the beneficial owner of any
securities covered by this Schedule.
Item 5 Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Not applicable.
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:
Reporting Person hereby expressly disclaims that it, together with
such other persons having the power to vote or to dispose of such
shares, constitutes a "group" as defined in Rule 13d-5(b)(1) under
the Act.
Page 4 of 5 Pages
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Item 9 Notice of Dissolution of Group:
Not applicable.
Item 10 Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do
not have the effect of changing or influencing the control of the
issuer of such securities and were not acquired in connection with or
as a participant in any transaction having such purposes or effect.
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.
02/04/98 /s/ Freddie B. Meier
- -------------------------- -------------------------------------------
Date Signature
Freddie B. Meier, Executive Vice President
and Executive Trust Officer
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Name/Title
Page 5 of 5 Pages
