CHECKFREE CORP \GA\
SC 13G/A, 1997-02-13
BUSINESS SERVICES, NEC
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<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION
 
                            WASHINGTON, D.C.  20549


                                  SCHEDULE 13G


                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                              (Amendment No. 1) 


                             CheckFree Corporartion
  -----------------------------------------------------------------------------
                                (Name of Issuer)


  Common Stock, $.01 par value
  -----------------------------------------------------------------------------
                         (Title of Class of Securities)


                                  162812 10
  -----------------------------------------------------------------------------
                                 (Cusip Number)


Check the following 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 there to 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).


                     (Continued on the following page(s)

                              Page 1 of 5


<PAGE>   2
                                                SCHEDULE 13G
<TABLE>
 CUSIP NO.                                                                             PAGE 2 OF 5 PAGES
<S>     <C>               

- -----------------------------------------------------------------------------------------------------------
|   1 | NAME OF REPORTING PERSON    Peter J. Kight                                                        |
|     | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                                                 |
|     |                                                                                                   |
|     |        ###-##-####                                                                                | 
|-----|---------------------------------------------------------------------------------------------------|
|   2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                                       (a) [   ] |
|     |                                                                                              ---- |
|     |                                                                                         (b) [   ] |
|     |                                                                                              ---- |
|-----|---------------------------------------------------------------------------------------------------|
|   3 | SEC USE ONLY                                                                                      |
|     |                                                                                                   |
|-----|---------------------------------------------------------------------------------------------------|
|   4 | SOURCE OF FUNDS*                                                                                  |
|     |                                                                                                   |
|     |                                                                                                   |
|     |                                                                                                   |
|     |                                                                                                   |
|-----|---------------------------------------------------------------------------------------------------|
|   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                                                                                     |
|-------------------------------|-------|-----------------------------------------------------------------|
|            NUMBER OF          |     7 |  SOLE VOTING POWER                                              |
|                               |       |                                                                 |
|             SHARES            |       |     6,618,807                                                   |
|                               |-------|-----------------------------------------------------------------|
|          BENEFICIALLY         |     8 |  SHARED VOTING POWER                                            |
|                               |       |                                                                 |
|            OWNED BY           |       |     0                                                           |
|                               |-------|-----------------------------------------------------------------|
|              EACH             |     9 |  SOLE DISPOSITIVE POWER                                         |
|                               |       |                                                                 |
|            REPORTING          |       |                                                                 |
|                               |       |     6,618,807                                                   |
|             PERSON            |-------|-----------------------------------------------------------------|
|                               |    10 |  SHARED DISPOSITIVE POWER                                       |
|              WITH             |       |                                                                 |
|                               |       |     0                                                           |
|-------------------------------|-------|-----------------------------------------------------------------|
|  11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                                      |
|     |                                                                                                   |
|     |    6,618,807                                                                                      |
|-----|---------------------------------------------------------------------------------------------------|
|  12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN                                    |
|     | SHARES*                                                                                     [ X ] | 
|     |            Aggregate amount does not include 1,800 shares held by **                         ---- | 
|-----|---------------------------------------------------------------------------------------------------|
|  13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                                |
|     |                                                                                                   |
|     |    15.56%                                                                                         |
|-----|---------------------------------------------------------------------------------------------------|
|  14 | TYPE OF REPORTING PERSON*                                                                         |
|     |                                                                                                   |
|     |    IN                                                                                             |
- -----------------------------------------------------------------------------------------------------------
** Peter J. Kight and Teresa J. Kight 1995 Children's Trust.  Mr. Kight 
   disclaims beneficial ownership of such shares.

</TABLE>


<PAGE>   3

                       SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON  D.C.  20549

                                  SCHEDULE 13G

                 Under the Securities and Exchange Act of 1934

                               (Amendment No. 1)

ITEM 1 (A).  NAME OF ISSUER:

       Checkfree Corporation                            
- -----------------------------------------------------------------------------
                                                                            

ITEM 1 (B).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:               
                                                                            
       4411 East Jones Bridge Road, Norcross, GA  30092 
- -----------------------------------------------------------------------------
                                                   
- -----------------------------------------------------------------------------
                                                                            

ITEM 2 (A).  NAME OF PERSON FILING:                                         
                                                                            
       Peter J. Kight                                    
- -----------------------------------------------------------------------------

                                                                            
ITEM 2 (B).  ADDRESS OF PRINCIPAL BUSINESS OFFICE:                          
                                                                            
       4411 East Jones Bridge Road, Norcross, GA  30092
- -----------------------------------------------------------------------------
                                                
- -----------------------------------------------------------------------------

                                                                            
ITEM 2 (C).  PLACE OF ORGANIZATION:                                         
                                                                            
       United States citizen                                                
- -----------------------------------------------------------------------------
                                                                            

ITEM 2 (D).  TITLE OF CLASS OF SECURITIES:                                  
                                                                            
Common Stock, $.01 par value                                                
- -----------------------------------------------------------------------------

                                                                            
ITEM 2 (E).  CUSIP NUMBER:                                                  
                                                                            
       162812  10  1                                                          
- -----------------------------------------------------------------------------

                                                                            
ITEM 3.         IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR  
                     13d - 2 (b), INDICATE TYPE OF PERSON FILING:          

- -----------------------------------------------------------------------------
                                                                            
                              Page 3 of 5 Pages


<PAGE>   4

<TABLE>                                                        
<S>      <C>                                                               <C>      
ITEM 4.  OWNERSHIP:                                            
                                                               
          (a)  Amount of beneficially owned:                                  6,618,807 shares
                                                                            ---------------------
          (b)  Percent of class:                                                    15.56%
                                                                            ---------------------
          (c)  Number of shares as to which such person has:               
                                                               
              (i) Sole power to vote or to direct the vote                               6,618,807       
                                                                                         ---------
             (ii) Shared power to vote or to direct the vote                                 0
                                                                                         --------
            (iii) Sole power to dispose or to direct the disposition of                  6,618,807       
                                                                                         --------
             (iv) Shared power to dispose or to direct the  disposition of                   0
                                                                                         --------
</TABLE>
                                                               

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:

          Other persons are known to have the right to receive or
          the power to direct the receipt of dividends or the
          proceeds from the sale of these securities.  Those persons 
          whose interest relates to more than five percent of the 
          class are:

          None
          ----

ITEM 7.   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARIES
          WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
          PARENT HOLDING COMPANY:

          Identification:  None         
                           ---------------------
          Classification:   
                           ---------------------

ITEM 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
          GROUP:

          Not Applicable
          --------------

ITEM 9.   NOTICE OF DISSOLUTION OF GROUP:

          Not Applicable
          --------------



                               Page 4 of 5 Pages


<PAGE>   5

ITEM 10.  CERTIFICATION

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: February 13, 1997


By: /s/ PETER J. KIGHT 
    --------------------
        Peter J. Kight


                              Page 5 of 5 Pages




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