<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
LAMAR ADVERTISING COMPANY
----------------------------------------------------------
(Name of Issuer)
CLASS A COMMON STOCK, $0.001 PAR VALUE PER SHARE
----------------------------------------------------------
(Title of Class of Securities)
512815-10-1
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(CUSIP Number)
- --------------------
* 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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CUSIP NO. 512815-10-1 SCHEDULE 13G PAGE 2 OF 13 PAGES
----------- --- ----
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Reilly Family Limited Partnership
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 12,508,608
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
12,508,608
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,508,608
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.7%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 512815-10-1 SCHEDULE 13G PAGE 3 OF 13 PAGES
----------- --- ----
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kevin P. Reilly, Jr.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
5,000
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 12,508,608(1)
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 5,000
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
12,508,608(1)
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,508,608(1)
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.8%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
- ---------------
(1) Held in the Reilly Family Limited Partnership as shares of Class B Common
Stock, $0.001 par value per share, which are convertible into shares of Class A
Common Stock.
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CUSIP NO. 512815-10-1 SCHEDULE 13G PAGE 4 OF 13 PAGES
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- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wendell S. Reilly
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 12,508,608(1)
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
12,508,608(1)
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,508,608(1)
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.7%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
- ---------------
(1) Held in the Reilly Family Limited Partnership as shares of Class B Common
Stock, $0.001 par value per share, which are convertible into shares of Class A
Common Stock.
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CUSIP NO. 512815-10-1 SCHEDULE 13G PAGE 5 OF 13 PAGES
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sean E. Reilly
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 12,508,608(1)
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
12,508,608(1)
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,508,608(1)
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.7%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
- ---------------
(1) Held in the Reilly Family Limited Partnership as shares of Class B Common
Stock, $0.001 par value per share, which are convertible into shares of Class A
Common Stock.
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CUSIP NO. 512815-10-1 SCHEDULE 13G PAGE 6 OF 13 PAGES
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Anna R. Cullinan
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF -------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 12,508,608(1)
EACH -------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
12,508,608(1)
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,508,608(1)
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.7%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
- ---------------
(1) Held in the Reilly Family Limited Partnership as shares of Class B Common
Stock, $0.001 par value per share, which are convertible into shares of Class A
Common Stock.
<PAGE> 7
CUSIP NO. 512815-10-1 SCHEDULE 13G PAGE 7 OF 13 PAGES
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ITEM 1(a). NAME OF ISSUER:
Lamar Advertising Company
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
5551 Corporate Boulevard
Baton Rouge, Louisiana 70808
ITEM 2(a). NAMES OF PERSONS FILING:
The Reilly Family Limited Partnership (the "RFLP")
Kevin P. Reilly, Jr.
Wendell S. Reilly
Sean E. Reilly
Anna R. Cullinan
ITEM 2(b). ADDRESS OF PRINCIPAL OFFICES OR, IF NONE, RESIDENCE:
For each Reporting Person:
c/o The Lamar Corporation
5551 Corporate Boulevard
Baton Rouge, LA 70808
ITEM 2(c). CITIZENSHIP:
The RFLP is a Delaware limited partnership. The other Reporting Persons
are citizens of the United States of America.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Class A Common Stock, $0.001 par value per share. The shares held in
the RFLP are shares of Class B Common Stock, $0.001 par value per share, which
are convertible on a one-for-one basis into shares of Class A Common Stock.
(Generally, Class B Common Stock is entitled to ten votes per share whereas
Class A Stock is entitled to one vote per share.)
ITEM 2(e). CUSIP NUMBER:
512815-10-1
ITEM 3. IF THE STATEMENT IS BEING FILED PURSUANT TO RULE 13d-1(b), OR
13d-2(b), CHECK WHETHER THE FILING PERSON IS A:
(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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CUSIP NO. 512815-10-1 SCHEDULE 13G PAGE 8 OF 13 PAGES
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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 13d-1(b)(1)(ii)(F),
(g) [ ] Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G); see Item 7
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Not applicable.
ITEM 4. OWNERSHIP (AS OF DECEMBER 31, 1997).
(a) Amount beneficially owned:
See Box 9 on cover pages.
(b) Percent of class:
See Box 11 on cover pages.
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote:
See Box 5 on cover pages.
(ii) Shared power to vote or direct the vote:
See Box 6 on cover pages.
(iii) Sole power to dispose or to direct the disposition of:
See Box 7 on cover pages.
(iv) Shared power to dispose or to direct the disposition of:
See Box 8 on cover pages.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date
hereof the reporting person had ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
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CUSIP NO. 512815-10-1 SCHEDULE 13G PAGE 9 OF 13 PAGES
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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.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
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CUSIP NO. 512815-10-1 SCHEDULE 13G PAGE 10 OF 13 PAGES
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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.
Dated: February 13, 1998
The Reilly Family Limited Partnership
By: /s/ Kevin P. Reilly, Jr.
---------------------------------
Name: Kevin P. Reilly, Jr.
Title: Managing General Partner
/s/ Kevin P. Reilly, Jr.
-------------------------------------
Kevin P. Reilly, Jr.
/s/ Wendell S. Reilly
-------------------------------------
Wendell S. Reilly
/s/ Sean E. Reilly
-------------------------------------
Sean E. Reilly
/s/ Anna R. Cullinan
-------------------------------------
Anna R. Cullinan
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative other than an
executive officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note. Six copies of this statement, including all exhibits, should be filed with
the Commission.
Attention. Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
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CUSIP NO. 512815-10-1 SCHEDULE 13G PAGE 11 OF 13 PAGES
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EXHIBIT INDEX TO SCHEDULE 13G
EXHIBIT 1
Agreement as to Joint Filing of Schedule 13G.
EXHIBIT 2
List of all members of group.
<PAGE> 1
CUSIP NO. 512815-10-1 SCHEDULE 13G PAGE 12 OF 13 PAGES
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EXHIBIT 1
Each of the undersigned hereby affirms that he, she or it is individually
eligible to use Schedule 13G and agrees that this Schedule 13G is filed on his,
her or its behalf.
Dated: February 13, 1998
The Reilly Family Limited Partnership
By: /s/ Kevin P. Reilly, Jr.
---------------------------------
Name: Kevin P. Reilly, Jr.
Title: Managing General Partner
/s/ Kevin P. Reilly, Jr.
-------------------------------------
Kevin P. Reilly, Jr.
/s/ Wendell S. Reilly
-------------------------------------
Wendell S. Reilly
/s/ Sean E. Reilly
-------------------------------------
Sean E. Reilly
/s/ Anna R. Cullinan
-------------------------------------
Anna R. Cullinan
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CUSIP NO. 512815-10-1 SCHEDULE 13G PAGE 13 OF 13 PAGES
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EXHIBIT 2
MEMBERS OF THE GROUP
Kevin P. Reilly, Jr.
Wendell S. Reilly
Sean E. Reilly
Anna R. Cullinan
Kevin P. Reilly, Sr.
Sean E. Reilly as custodian for:
Hayden M. Reilly
Ross L. Reilly
Kevin P. Reilly, Jr. as custodian for:
Wendell G. Reilly
James H. Reilly
Mary L. Reilly
Kevin P. Reilly, Jr. as Trustee of:
The Kevin P. Reilly, Jr. Family Irrevocable Trust
The Anna R. Cullinan Family Irrevocable Trust
The Wendell S. Reilly Family Irrevocable Trust
