<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
National Vision Associates, Ltd.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
638459107
-------------------------------------------------------
(CUSIP Number)
Kimberley E. Thompson, c/o ITC Holding Company, Inc., 1239 O.G. Skinner Drive,
------------------------------------------------------------------------------
West Point, GA 31833 (703) 619-9678
-----------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 8, 1998
-------------------------------------------------------
(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).
<PAGE> 2
SCHEDULE 13D
CUSIP No. 638459107 Page 2 of 15 Pages
------------ ----- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Campbell B. Lanier, III
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
136,957
NUMBER OF -------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 750
OWNED BY -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 136,957
PERSON -------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
750
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,707
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*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> 3
SCHEDULE 13D
CUSIP No. 638459107 Page 3 of 15 Pages
------------ ----- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jane Lanier
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF -------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 750
OWNED BY -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON -------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
750
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
750
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 0.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*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> 4
SCHEDULE 13D
CUSIP No. 638459107 Page 4 of 15 Pages
------------ ----- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Campbell B. Lanier, IV
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
25,550
NUMBER OF -------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 25,550
PERSON -------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,550
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*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> 5
SCHEDULE 13D
CUSIP No. 638459107 Page 5 of 15 Pages
------------ ----- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ITC Service Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
873,948
NUMBER OF -------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 873,948
PERSON -------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
873,948
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*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> 6
SCHEDULE 13D
CUSIP No. 638459107 Page 6 of 15 Pages
------------ ----- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CAMPBELL B. LANIER, III GRANTOR RETAINED ANNUITY TRUST
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
700,000
NUMBER OF -------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 700,000
PERSON -------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
700,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
- --------------------------------------------------------------------------------
*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> 7
CUSIP No. 638459107 Page 7 of 15 Pages
------------ ----- ----
Item 1. Security and Issuer
This statement relates to the Common Stock, par value $.01 per
share (the "Common Stock"), of National Vision Associates, LTD., a Delaware
corporation (the "Company"), the principal executive offices of which are
located at 296 Grayson Highway, Lawrenceville, Georgia 30045.
Item 2. Identity and Background
This statement is being filed by Campbell B. Lanier, III ("Mr.
Lanier"), Jane Lanier ("Mrs. Lanier"); ITC Service Company ("ITC Service"),
Campbell B. Lanier, IV ("Mr. Lanier IV"), and the Campbell B. Lanier, III
Grantor Retained Annuity Trust (the "Trust" and, together with Mr. and Mrs.
Lanier, Mr. Lanier IV and ITC Service, the "Reporting Persons").
Mr. Lanier's principal occupation is Chairman, Chief Executive
Officer and a director of ITC Holding Company, Inc. ("ITC Holding").
Mr. Lanier is also Chairman of the Board and Chief Executive Officer of the
Company. Mrs. Lanier's principal occupation is homemaker. Mr. Lanier IV's
principal occupation is manager of Enon Plantation, a hunting preserve.
The business address of Mr. and Mrs. Lanier and Mr. Lanier IV is
c/o ITC Holding Company, Inc., 1239 O.G. Skinner Drive, West Point,
Georgia 31833.
During the last five years, none of Mr. Lanier, Mrs. Lanier, or Mr.
Lanier IV has been (i) convicted in a criminal proceeding (excluding traffic
violations and similar misdemeanors) or (ii) a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgement, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
ITC Service, a Georgia corporation and a wholly owned subsidiary
of ITC Holding, provides management services to all entities wholly owned by ITC
Holding and provides management consulting to other entities in which ITC
Holding holds an interest. The business address of ITC Service is 1239 O.G.
Skinner Drive, West Point, Georgia 31833. During the last five years, ITC
Service has not been (i) convicted in a criminal proceeding (excluding traffic
violations and similar misdemeanors) or (ii) a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or a finding of any violation with respect to such
laws. Attached as Appendix I hereto and incorporated herein by reference is a
list containing the (a) name, (b) business or residential address, and (c)
present principal occupation or employment and the name, principal business and
address of any corporation or other organization in which such employment is
conducted, of each director and executive officer of ITC Service. To the
knowledge of ITC Service, each of the directors and executive officers listed on
Appendix I hereto is a United States citizen, and none of such directors and
executive officers has, during the past five years, been (i) convicted in a
criminal proceeding (excluding traffic violations and similar misdemeanors) or
(ii) a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
ITC Holding is a holding company engaged through subsidiaries and
other ownership interests in a variety of service businesses, primarily in the
telecommunications industry. The business address of ITC Holding is 1239 O.G.
Skinner Drive, West Point, Georgia 31833. During the last five years, ITC
Holding has not been (i) convicted in a criminal proceeding (excluding traffic
violations and similar misdemeanors) or (ii) a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or a finding of any violation with respect to such
laws. Attached as Appendix II hereto and incorporated herein by reference is a
list containing the (a) name, (b) business or residential address, and (c)
present principal occupation or employment and the name, principal business and
address of any corporation or other organization in which such employment is
conducted, of each director and
<PAGE> 8
CUSIP No. 638459107 Page 8 of 15 Pages
------------ ----- ----
executive officer of ITC Holding. To the knowledge of ITC Service, each of the
directors and executive officers listed on Appendix II hereto is a United States
citizen, and none of such directors and executive officers has, during the past
five years, been (i) convicted in a criminal proceeding (excluding traffic
violations and similar misdemeanors) or (ii) a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
The Trust is a grantor retained annuity trust established by Mr.
Lanier under the laws of the state of Georgia. William H. Scott, III
is the trustee of the Trust and holds both voting and dispositive control over
those shares of Common Stock owned by the Trust. During the last five years,
neither of the Trust nor Mr. Scott has been (i) convicted in a criminal
proceeding (excluding traffic violations and similar misdemeanors) or (ii) a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgement, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
Because of the business and family relationships among the
Reporting Persons, the Reporting Persons may be deemed to be a "group" within
the meaning of the beneficial ownership provisions of the federal securities
laws.
Item 3. Source and Amount of Funds or Other Consideration
Mr. Lanier purchased 836,957 shares of Common Stock for an aggregate
consideration of $691,470. Mr. Lanier subsequently gifted 700,000 shares to
the Trust. The funds used to purchase these shares came from Mr. Lanier's
personal funds.
Mrs. Lanier purchased 750 shares of Common Stock for an aggregate
consideration of $167. The funds used to purchase these shares came from Mrs.
Lanier's personal funds.
Mr. Lanier, IV purchased 24,800 shares of Common Stock for an
aggregate consideration of $125,300. The funds used to purchase these shares
came from Mr. Lanier IV's personal funds. Mr. Lanier, IV also received 750
shares of Common Stock from Mr. Lanier in the form of a gift. No consideration
was paid by Mr. Lanier, IV to Mr. Lanier for these shares.
ITC Service purchased 873,948 shares of Common Stock of Common
Stock for an aggregate consideration of $4,494,711.75. The funds used to
purchase these shares came from the working capital of ITC Service.
The Trust received 700,000 shares of Common Stock from Mr. Lanier
in the form of a gift. No consideration was paid by the Trust to Mr. Lanier for
these shares.
Item 4. Purpose of Transaction
The Reporting Persons have acquired shares of Common Stock in order
to obtain a significant investment position in the Company. Depending upon
market conditions and other factors, it is the current intention of the
Reporting Persons to acquire additional shares of the Common Stock. The
Reporting Persons, however, reserve the right to, and may in the future choose
to, change their purpose with respect to their investment and take such actions
as they deem appropriate in light of the circumstances including, without
limitation, to dispose of all or a portion of the Common Stock which they now
own or may hereafter acquire.
The Reporting Persons have no present plans or proposals that
relate to, or would result in, an extraordinary corporate transaction involving
the Company, a sale or transfer of any of the Company's assets, a change in the
present Board of Directors or management of the Company, a change in the
present capitalization or dividend policy of the Company, any other material
change in the Company's business or corporate structure, changes in the
Company's charter or bylaws or with respect to the delisting or deregistration
of any of the Company's securities.
<PAGE> 9
CUSIP No. 638459107 Page 9 of 15 Pages
------------ ----- ----
Item 5. Interest in Securities of the Issuer
As of the date of this report, the Reporting Persons beneficially
own an aggregate of 1,737,205 shares of the Company's Common Stock which
represents approximately 8.22% of the 21,141,610 shares of the
Company's Common Stock outstanding as of July 16, 1998.
The number of shares of Common Stock as to which:
Mr. Lanier has
i) sole power to vote or direct the vote 136,957
ii) shared power to vote or direct the vote 750
iii) sole power to dispose or direct the disposition 136,957
iv) shared power to dispose or direct the disposition 750
Mrs. Lanier has
i) sole power to vote or direct the vote 0
ii) shared power to vote or direct the vote 750
iii) sole power to dispose or direct the disposition 0
iv) shared power to dispose or direct the disposition 750
Mr. Lanier, IV has
i) sole power to vote or direct the vote 25,550
ii) shared power to vote or direct the vote 0
iii) sole power to dispose or direct the disposition 25,550
iv) shared power to dispose or direct the disposition 0
ITC Service has
i) sole power to vote or direct the vote 873,948
ii) shared power to vote or direct the vote 0
iii) sole power to dispose or direct the disposition 873,948
iv) shared power to dispose or direct the disposition 0
Trust has
i) sole power to vote or direct the vote 700,000
ii) shared power to vote or direct the vote 0
iii) sole power to dispose or direct the disposition 700,000
iv) shared power to dispose or direct the disposition 0
<PAGE> 10
CUSIP No. 638459107 Page 10 of 15 Pages
------------ ----- ----
The Reporting Persons have engaged in the following transactions in the
Company's Common Stock in the sixty days preceeding the date of this report:
<TABLE>
<CAPTION>
Reporting Number of Price Type of
Person Date Shares per Share Transaction
<S> <C> <C> <C> <C>
Mr. Lanier,IV 22-Jul-98 1,000 4.750 Open Market
Mr. Lanier,IV 22-Jul-98 10,000 4.813 Open Market
Mr. Lanier,IV 23-Jul-98 10,000 4.938 Open Market
ITC Service 06-Aug-98 15,000 5.438 Open Market
ITC Service 08-Aug-98 300,00 5.563 Private Placement
ITC Service 10-Aug-98 68,000 5.563 Open Market
ITC Service 11-Aug-98 17,000 5.531 Open Market
ITC Service 12-Aug-98 12,500 5.500 Open Market
ITC Service 14-Aug-98 90,000 5.625 Open Market
ITC Service 14-Aug-98 250,000 5.563 Private Placement
ITC Service 17-Aug-98 35,000 5.625 Open Market
ITC Service 18-Aug-98 16,500 5.700 Open Market
</TABLE>
No person other than Mr. Lanier has the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock beneficially owned by Mr. Lanier except that with
respect to the 750 shares of Common Stock owned by Mrs. Lanier of which Mrs.
Lanier has such rights.
No person other than Mr. Lanier,IV has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from
sale of, the shares of Common Stock beneficially owned by Mr. Lanier,IV.
No person other than ITC Service, has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from
sale of, the shares of Common Stock beneficially owned by ITC Service, except
that since ITC Service is a wholly owned subsidiary of ITC Holding, ITC Holding
indirectly has the right to receive and the power to direct the receipt of
dividends from, and the proceeds from the sale of, the shares of Common Stock
beneficially owned by ITC Service.
No person other than the Trust has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from sale of, the shares
of Common Stock beneficially owned by the Trust.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Except as reported above, there are no contracts, arrangements,
understandings, or relationships (legal or otherwise) between any of the
Reporting Persons and any persons with respect to any securities of the
Company.
<PAGE> 11
CUSIP No. 638459107 Page 11 of 15 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.
Date: August 19, 1998
/s/ CAMPBELL B. LANIER, III
- ----------------------------------------
By: Campbell B. Lanier, III
/s/ JANE LANIER
- ----------------------------------------
By: Jane Lanier
/s/ CAMPBELL B. LANIER, IV
- ----------------------------------------
By: Campbell B. Lanier, IV
ITC SERVICE COMPANY
/s/ Kimberley E. Thompson
- ----------------------------------------
By: Kimberley E. Thompson
Title: Vice President - General Counsel
and Secretary
CAMPBELL B. LANIER, III GRANTOR RETAINED ANNUITY TRUST
/s/ William B. Scott, III
- -----------------------------------------
By: William B. Scott, III
Title: Trustee
<PAGE> 12
CUSIP No. 638459107 Page 12 of 15 Pages
------------ ----- ----
APPENDIX I
OFFICERS AND DIRECTORS OF ITC SERVICE COMPANY
<TABLE>
<CAPTION>
NAME OF DIRECTOR
OR EXECUTIVE OFFICER PRINCIPAL OCCUPATION
AND BUSINESS ADDRESS OR EMPLOYMENT
- -------------------- --------------------
<S> <C>
Campbell B. Lanier, III, Director, Chairman and Chief Executive Officer
Chairman and Chief Executive Officer ITC Holding Company, Inc.
c/o ITC Service Company
1239 O.G. Skinner Drive
West Point, Georgia 31833
William H. Scott, III, Director, Chief Operating Officer and President
President and Chief ITC Holding Company, Inc.
Operating Officer
c/o ITC Service Company
1239 O.G. Skinner Drive
West Point, Georgia 31833
Bryan W. Adams, Senior Vice President, Senior Vice President - Chief Financial Officer
Chief Financial Officer, ITC Holding Company, Inc.
Treasurer and Assistant Secretary
c/o ITC Service Company
1239 O.G. Skinner Drive
West Point, Georgia 31833
Kimberley E. Thompson, Senior Senior Vice President - General Counsel and Secretary
Vice President - General Counsel ITC Holding Company, Inc.
and Secretary
c/o ITC Service Company
1239 O.G. Skinner Drive
West Point, Georgia 31833
J. Douglas Cox, Senior Vice President,
Senior Vice President, Corporate Development
Corporate Development ITC Holding Company, Inc.
c/o ITC Service Company
1239 O.G. Skinner Drive
West Point, Georgia 31833
</TABLE>
<PAGE> 13
CUSIP No. 638459107 Page 13 of 15 Pages
------------ ----- ----
<TABLE>
<S> <C>
Dabsey M. Gray, Vice President, Vice President, Controller and
Controller and Assistant Secretary Assistant Secretary
c/o ITC Service Company ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, Georgia 31833
</TABLE>
<PAGE> 14
CUSIP No. 638459107 Page 14 of 15 Pages
------------ ----- ----
APPENDIX II
OFFICERS AND DIRECTORS OF ITC HOLDING, INC.
<TABLE>
<CAPTION>
NAME OF DIRECTOR
OR EXECUTIVE OFFICER PRINCIPAL OCCUPATION
AND BUSINESS ADDRESS OR EMPLOYMENT
- -------------------- --------------------
<S> <C>
Campbell B. Lanier III Chairman and Chief Executive Officer
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
William H. Scott, III Chief Operating Officer and President
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
J. Douglas Cox Senior Vice President - Corporate Development
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
Allen E. Smith Vice President
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
Bryan W. Adams Senior Vice President - Chief Financial Officer and Assistant Secretary
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
Robert M. Montgomery Vice President
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
Kimberley E. Thompson Senior Vice President - General Counsel and Secretary
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
Dabsey M. Gray Vice President, Controller and Assistant Secretary
c/o ITC Holding Company, Inc. ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
J. Smith Lanier, II, Director Chairman and Chief Executive Officer
c/o ITC Holding Company, Inc. J. Smith Lanier & Co.
1239 O.G. Skinner Drive
West Point, GA 31833
</TABLE>
<PAGE> 15
CUSIP No. 638459107 Page 15 of 15 Pages
------------ ---- ----
<TABLE>
<S> <C>
William T. Parr, Director Vice Chairman
c/o ITC Holding Company, Inc. J. Smith Lanier & Co.
1239 O.G. Skinner Drive
West Point, GA 31833
Malcolm C. Davenport, V, Director Certified Public Accountant and
c/o ITC Holding Company, Inc. Attorney
1239 O.G. Skinner Drive
West Point, GA 31833
Donald W. Weber, Director Entrepreneur and Consultant
c/o ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
O. Gene Gabbard, Director Entrepreneur and Consultant
c/o ITC Holding Company, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
William B. Timmerman, Director Chairman and Chief Executive Officer
c/o ITC Holding Company, Inc. SCANA Corporation
1239 O.G. Skinner Drive
West Point, GA 31833
Donald W. Burton, Director President
c/o ITC Holding Company, Inc. South Atlantic Capital Corporation
1239 O.G. Skinner Drive
West Point, GA 31833
Robert A. Dolson, Director Chairman and President
c/o ITC Holding Company, Inc. National Enterprises, Inc.
1239 O.G. Skinner Drive
West Point, GA 31833
</TABLE>
