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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
EUFAULA BANCCORP, INC.
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(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
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(TITLE OF CLASS OF SECURITIES)
29816N102
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(CUSIP NUMBER)
GREG B. FAISON, POST OFFICE BOX 1269
EUFAULA, ALABAMA 36072 (334)687-3581
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(NAME, ADDRESS AND TELEPHONE NUMBER
OF PERSON AUTHORIZED TO RECEIVE
NOTICES AND COMMUNICATIONS)
AUGUST 19, 1997
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(DATE OF EVENT WHICH REQUIRES
FILING OF THIS STATEMENT)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
*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
disclosures provided in a prior cover page.
The information required on 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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SCHEDULE 13D
CUSIP No. 29816N102 Page 2 of 2 Pages
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Greg B. Faison
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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 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF 135,227
SHARES -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING -----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
135,227
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,227
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.04
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Page 2 of 2
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This Statement is filed by Greg B. Faison, President, CEO, and a Director
of Eufaula BancCorp, Inc. (the "Company"). The Company is the issuer to which
this Schedule 13D relates. The Company filed a registration statement on Form
10-SB on August 19, 1997.
Item 1. Security and Issuer
Common Stock
Par Value $1.00 Per Share
Eufaula BancCorp, Inc.
218-220 Broad Street
Eufaula, Alabama 36072
Item 2. Identity and Background
(a) Greg B. Faison
(b) Eufaula BancCorp, Inc.
Post Office Box 1269
Eufaula, Alabama 36072
(c) President, CEO, Director of
Eufaula BancCorp, Inc.
218-220 Broad Street
Eufaula, Alabama 36072
(d) Not Applicable.
(e) Not Applicable.
(f) United States.
Item 3. Source and Amount of Funds or Other Consideration.
Mr. Faison beneficially owns 135,227 shares of Company Common
Stock. Of these shares, 60,000 are subject to issue upon the exercise
of employee stock options held by Mr. Faison. Mr. Faison also has
acquired, and plans to continue to acquire, shares pursuant to the
stock purchase plans of the Company. Such acquisitions will be made
with personal funds.
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Item 4. Purpose of Transaction
Mr. Faison serves as President, CEO and Director of the Company.
Most of the shares which Mr. Faison beneficially owns were granted by
the Company pursuant to employee stock options and, thus, have been
acquired by Mr. Faison as an incentive component of Mr. Faison's
compensation from the Company. Mr. Faison believes that the shares are
a sound investment, and he plans to acquire additional shares in the
future. Mr. Faison has voted, and plans to continue to vote, his shares
in favor of his election and the election of other management nominees
to the board of directors of the Company.
Item 5. Interest of Securities in the Issuer.
(a) Mr. Faison owns 135,227 shares representing 5.04 percent of the
outstanding shares of the Company's common stock. Such shares
include 60,000 shares subject to issue upon the exercise of
Company stock options and 600 shares held as custodian for his
children.
(b) Mr. Faison has sole power to vote and to dispose of such shares.
(c) During the past 60 days, Mr. Faison acquired 35 shares at a price
of $15.82 pursuant to the Company's director stock purchase plan.
(d) Not Applicable.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationship with
Respect to Securities of the Issuer.
Not Applicable
Item 7. Material to be Filed as Exhibits.
Not Applicable
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.
August 5, 1998.
/s/ Greg B. Faison
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Greg B. Faison
