-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KoRLG5JEWgQzLYL1tGSXgykE63f3fHeZ53FSyvjVR+Z6TyATU2WrXnm+9zEbncvj PIoZ+dP/brvMpHdyh5aInw== 0001012975-98-000251.txt : 19981113 0001012975-98-000251.hdr.sgml : 19981113 ACCESSION NUMBER: 0001012975-98-000251 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981112 GROUP MEMBERS: BANKERS FIDELITY LIFE INSURANCE COMPANY GROUP MEMBERS: BULL RUN CORP GROUP MEMBERS: DELTA FIRE & CASUALTY INSURANCE COMPANY GROUP MEMBERS: DELTA LIFE INSURANCE COMPANY GROUP MEMBERS: GEORGIA CASUALTY & SURETY COMPANY GROUP MEMBERS: HARRIETT J. ROBINSON GROUP MEMBERS: HARRIETT J. ROBINSON, TRUSTEE U/A 8/25/84 FBO JILL E. GROUP MEMBERS: HARRIETT J. ROBINSON, TRUSTEE U/A 8/25/84 FBO ROBIN M. GROUP MEMBERS: HILTON H. HOWELL, JR. GROUP MEMBERS: J. MACK ROBINSON GROUP MEMBERS: JILL E. ROBINSON GROUP MEMBERS: ROBERT S. PRATHER, JR. GROUP MEMBERS: ROBIN R. HOWELL SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GRAY COMMUNICATIONS SYSTEMS INC /GA/ CENTRAL INDEX KEY: 0000043196 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 580285030 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-47013 FILM NUMBER: 98744837 BUSINESS ADDRESS: STREET 1: 126 N WASHINGTON ST CITY: ALBANY STATE: GA ZIP: 31701 BUSINESS PHONE: 9128889390 MAIL ADDRESS: STREET 1: 126 N WASHINGTON ST CITY: ALBANY STATE: GA ZIP: 31701 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BULL RUN CORP CENTRAL INDEX KEY: 0000319697 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 911117599 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 4370 PEACHTREE RD NE CITY: ATLANTA STATE: GA ZIP: 30319 BUSINESS PHONE: 4042668333 MAIL ADDRESS: STREET 1: 4310 PEACHTREE ROAD N.E. CITY: ATLANTA STATE: GA ZIP: 30319 FORMER COMPANY: FORMER CONFORMED NAME: BULL RUN GOLD MINES LTD DATE OF NAME CHANGE: 19920703 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 6) Under the Securities Exchange Act of 1934 GRAY COMMUNICATIONS SYSTEMS, INC. --------------------------------- (Name of Issuer) Class A Common Stock, no par value Class B Common Stock, no par value ---------------------------------- (Title of Class of Securities) 389190109 ----------------- (CUSIP Number) Robert S. Prather, Jr. Bull Run Corporation 4370 Peachtree Road, N.E. Atlanta, Georgia 30319 (404) 266-8333 - -------------------------------------------------------------------------------- (Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications) September 30, 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: [ ] Check the following box if a fee is being paid with the statement: [ ] CUSIP No. 389190109 - ------------------- I. Name of Reporting Person Bull Run Corporation S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds N/A - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization Georgia - -------------------------------------------------------------------------------- VII. Sole Voting 2,857,647 shares of Power Class A Common Stock ------------------------------------------------ Number of Shares VIII. Shared Voting -0- Power ------------------------------------------------ IX. Sole Dis- 2,857,647 shares of positive Power Class A Common Stock ------------------------------------------------ X. Shared Dis- -0- positive Power - -------------------------------------------------------------------------------- XI. Aggregate Amount Beneficially 2,857,647 shares of Owned By Each Reporting Person Class A Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [X] - -------------------------------------------------------------------------------- XIII. Percent of Class Represented by Amount in Row (11) 37.3 - -------------------------------------------------------------------------------- XIV. Type of Reporting Person CO CUSIP No. 389190109 - ------------------- I. Name of Reporting Person Bankers Fidelity Life Insurance Company S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds WC - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization Georgia - -------------------------------------------------------------------------------- VII. Sole Voting 221,706 shares of Power Class A Common Stock ------------------------------------------------ Number of Shares VIII. Shared Voting -0- Power ------------------------------------------------ IX. Sole Dis- 221,706 shares of positive Power Class A Common Stock ------------------------------------------------ X. Shared Dis- -0- positive Power ------------------------------------------------ XI. Aggregate Amount Beneficially 221,706 shares of Owned By Each Reporting Person Class A Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ XIII. Percent of Class Represented by Amount in Row (11) 3.3% - -------------------------------------------------------------------------------- XIV. Type of Reporting Person IC, CO - -------------------------------------------------------------------------------- CUSIP No. 389190109 - ------------------- I. Name of Reporting Person Georgia Casualty & Surety Company S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds WC - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization Georgia 132,354 shares of VII. Sole Voting Class A Common Stock Power 6,000 shares of Class B Common Stock ------------------------------------------------ Number of Shares VIII. Shared Voting -0- Power ------------------------------------------------ 132,354 shares of IX. Sole Dis- Class A Common Stock positive Power 6,000 shares of Class B Common Stock ------------------------------------------------ X. Shared Dis- -0- positive Power - -------------------------------------------------------------------------------- 132,354 shares of XI. Aggregate Amount Beneficially Class A Common Stock Owned By Each Reporting Person 6,000 shares of Class B Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - ------------------------------------------------------------------------------ 1.9% of Class A XIII. Percent of Class Represented by Common Stock Amount in Row (11) .1% of Class B Common Stock - -------------------------------------------------------------------------------- XIV. Type of Reporting Person IC, CO - -------------------------------------------------------------------------------- CUSIP No. 389190109 - ------------------- I. Name of Reporting Person J. Mack Robinson S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds PF - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 345,375 shares of VII. Sole Voting Class A Common Stock Power 11,250 shares of Class B Common Stock ------------------------------------------------ VIII. Shared Voting -0- Number of Shares Power ------------------------------------------------ 345,375 shares of IX. Sole Dis- Class A Common Stock positive Power 11,250 shares of Class B Common Stock ------------------------------------------------ X. Shared Dis- -0- positive Power - -------------------------------------------------------------------------------- 345,375 shares of XI. Aggregate Amount Beneficially Class A Common Stock Owned By Each Reporting Person 11,250 shares of Class B Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [x] - ------------------------------------------------------------------------------ 5.1% of Class A XIII. Percent of Class Represented by Common Stock Amount in Row (11) .2% of Class B Common Stock - -------------------------------------------------------------------------------- XIV. Type of Reporting Person IN - -------------------------------------------------------------------------------- CUSIP No. 389190109 - ------------------- I. Name of Reporting Person Harriett J. Robinson S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds PF - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 166,725 shares of VII. Sole Voting Class A Common Stock Power 13,650 shares of Class B Common Stock ------------------------------------------------ Number of Shares VIII. Shared Voting -0- Power ------------------------------------------------ 166,725 shares of IX. Sole Dis- Class A Common Stock positive Power 13,650 shares of Class A Common Stock ------------------------------------------------ X. Shared Dis- -0- positive Power - -------------------------------------------------------------------------------- 166,725 shares of XI. Aggregate Amount Beneficially Class A Common Stock Owned By Each Reporting Person 13,650 shares of Class B Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [x] - -------------------------------------------------------------------------------- 2.4% of Class A Common XIII. Percent of Class Represented by Stock Amount in Row (11) .3% of Class B Common Stock - -------------------------------------------------------------------------------- XIV. Type of Reporting Person IN CUSIP No. 389190109 - ------------------- I. Name of Reporting Person Harriett J. Robinson, Trustee U/A 8/25/84 FBO Jill E. Robinson S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds OO - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- VII. Sole Voting 128,250 shares of Power Class A Common Stock ------------------------------------------------ Number of Shares VIII. Shared Voting -0- Power ------------------------------------------------ IX. Sole Dis- 128,250 shares of positive Power Class A Common Stock ------------------------------------------------ X. Shared Dis- -0- positive Power - -------------------------------------------------------------------------------- XI. Aggregate Amount Beneficially 128,250 shares of Owned By Each Reporting Person Class A Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [X] - -------------------------------------------------------------------------------- XIII. Percent of Class Represented by Amount in Row (11) 1.9% - -------------------------------------------------------------------------------- XIV. Type of Reporting Person OO - -------------------------------------------------------------------------------- CUSIP No. 389190109 - ------------------- I. Name of Reporting Person Harriett J. Robinson, Trustee U/A 8/25/84 FBO Robin M. Robinson S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds OO - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 97,500 shares of VII. Sole Voting Class A Common Stock Power 3,750 shares of Power Class B Common Stock ------------------------------------------------ Number of Shares VIII. Shared Voting -0- Power ------------------------------------------------ 97,500 shares of IX. Sole Dis- Class A Common Stock positive Power 3,750 shares of Class B Common Stock ------------------------------------------------ X. Shared Dis- -0- positive Power - -------------------------------------------------------------------------------- 97,500 shares of XI. Aggregate Amount Beneficially Class A Common Stock Owned By Each Reporting Person 3,750 shares of Class B Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [X] - -------------------------------------------------------------------------------- 1.4% of Class A XIII. Percent of Class Represented by Common Stock Amount in Row (11) .1% of Class B Common Stock - -------------------------------------------------------------------------------- XIV. Type of Reporting Person OO - -------------------------------------------------------------------------------- CUSIP No. 389190109 - ------------------- I. Name of Reporting Person Jill E. Robinson S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds PF - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- VII. Sole Voting 96,750 shares of Power Class A Common Stock ------------------------------------------------ Number of Shares VIII. Shared Voting -0- Power ------------------------------------------------ IX. Sole Dis- 96,750 shares of positive Power Class A Common Stock ------------------------------------------------ X. Shared Dis- -0- positive Power - -------------------------------------------------------------------------------- XI. Aggregate Amount Beneficially 96,750 shares of Owned By Each Reporting Person Class A Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [x] - ------------------------------------------------------------------------------ XIII. Percent of Class Represented by Amount in Row (11) 1.4% - -------------------------------------------------------------------------------- XIV. Type of Reporting Person IN - -------------------------------------------------------------------------------- CUSIP No. 389190109 - ------------------- I. Name of Reporting Person Hilton H. Howell, Jr. S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds PF - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 34,500 shares of Class A VII. Sole Voting Common Stock Power 22,500 shares of Class B Common Stock ------------------------------------------------ Number of Shares VIII. Shared Voting 750 shares of Class A Power Common Stock ------------------------------------------------ 34,500 shares of Class A IX. Sole Dis- Common Stock positive Power 22,500 shares of Class B Common Stock ------------------------------------------------ X. Shared Dis- 750 shares of Class A positive Power Common Stock ------------------------------------------------ 32,250 shares of Class A XI. Aggregate Amount Beneficially Common Stock Owned By Each Reporting Person 22,500 shares of Class B Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [x] - -------------------------------------------------------------------------------- .5% of Class A XIII. Percent of Class Represented by Common Stock Amount in Row (11) .4% of Class B Common Stock - -------------------------------------------------------------------------------- XIV. Type of Reporting Person IN - -------------------------------------------------------------------------------- CUSIP No. 389190109 - ------------------- I. Name of Reporting Person Delta Life Insurance Company S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds WC - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization Georgia - -------------------------------------------------------------------------------- VII. Sole Voting 119,250 shares of Power Class A Common Stock ------------------------------------------------ Number of Shares VIII. Shared Voting -0- Power ------------------------------------------------ IX. Sole Dis- 119,250 shares of positive Power Class A Common Stock ------------------------------------------------ X. Shared Dis- -0- positive Power - -------------------------------------------------------------------------------- XI. Aggregate Amount Beneficially 119,250 shares of Owned By Each Reporting Person Class A Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- XIII. Percent of Class Represented by Amount in Row (11) 1.8% - -------------------------------------------------------------------------------- XIV. Type of Reporting Person IC, CO - -------------------------------------------------------------------------------- CUSIP No. 389190109 - ------------------- I. Name of Reporting Person Robin R. Howell S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds PF - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- VII. Sole Voting 58,575 shares of Power Class A Common Stock ------------------------------------------------ Number of Shares VIII. Shared Voting 750 shares of Class A Power Common Stock ------------------------------------------------ IX. Sole Dis- 58,575 shares of positive Power Class A Common Stock ------------------------------------------------ X. Shared Dis- 750 shares of Class A positive Power Common Stock - -------------------------------------------------------------------------------- XI. Aggregate Amount Beneficially 59,325 shares of Owned By Each Reporting Person Class A Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [x] - -------------------------------------------------------------------------------- XIII. Percent of Class Represented by Amount in Row (11) .9% - -------------------------------------------------------------------------------- XIV. Type of Reporting Person IN - -------------------------------------------------------------------------------- CUSIP No. 389190109 - ------------------- I. Name of Reporting Person Delta Fire & Casualty Insurance Company S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds WC - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization Georgia - -------------------------------------------------------------------------------- VII. Sole Voting 6,750 shares of Power Class A Common Stock ------------------------------------------------ Number of Shares VIII. Shared Voting -0- Power ------------------------------------------------ IX. Sole Dis- 6,750 shares of positive Power Class A Common Stock - -------------------------------------------------------------------------------- X. Shared Dis- -0- Dipositive Power - -------------------------------------------------------------------------------- XI. Aggregate Amount Beneficially 6,750 shares of Owned By Each Reporting Person Class A Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- XIII. Percent of Class Represented by Amount in Row (11) .1% - -------------------------------------------------------------------------------- XIV. Type of Reporting Person IC, CO - -------------------------------------------------------------------------------- CUSIP No. 389190109 - ------------------- I. Name of Reporting Person Robert S. Prather, Jr. S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- II. Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- III. SEC Use Only - -------------------------------------------------------------------------------- IV. Source of Funds PF, BK - -------------------------------------------------------------------------------- V. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- VI. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 218,451 shares of VII. Sole Voting Class A Common Stock Power 12,450 shares of Class B Common Stock ------------------------------------------------ Number of Shares VIII. Shared Voting 225 shares Power ------------------------------------------------ 218,451 shares of IX. Sole Dis- Class A Common Stock positive Power 12,450 shares of Class B Common Stock ------------------------------------------------ X. Shared Dis- 225 shares positive Power - -------------------------------------------------------------------------------- 218,451 shares of XI. Aggregate Amount Beneficially Class A Common Stock Owned By Each Reporting Person 12,450 shares of Class B Common Stock - -------------------------------------------------------------------------------- XII. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [x] - -------------------------------------------------------------------------------- 3.2% of Class A XIII. Percent of Class Represented by Common Stock Amount in Row (11) .2% of Class B Common Stock - -------------------------------------------------------------------------------- XIV. Type of Reporting Person IN - -------------------------------------------------------------------------------- Items 1, 2, 3, and 5 of the Schedule 13D, dated May 12, 1993, relating to the Class A Common Stock, no par value, of Gray Communications Systems, Inc., as amended by Amendment No. 1 thereto, dated September 30, 1994, Amendment No. 2 thereto, dated October 14, 1994, Amendment No. 3 thereto, dated November 25, 1994, Amendment No. 4 thereto, dated December 5, 1994, and Amendment No. 5 thereto, dated January 31, 1996 (the "Schedule 13D"), are hereby amended by adding thereto the information set forth below. The terms defined in the Schedule 13D shall have their defined meanings herein, unless otherwise defined herein. The filing of the Schedule 13D (including all amendments thereto) does not constitute an admission by any of the persons making this filing that such persons are a "group" for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934 (the "Act"). The Reporting Persons deny that they should be deemed to be such a "group" and such persons are making this filing only because they may be deemed to constitute a "group" for purposes of Section 13(d)(3) of the Act. Item 1. Security and Issuer. - ------- -------------------- The classes of equity securities to which this statement relates are the Class A Common Stock, no par value (the "Common Stock"), and the Class B Common Stock, no par value (the "Class B Common Stock"), of Gray Communications Systems, Inc., a Georgia corporation (the "Issuer"). The principal executive offices of the Issuer are located at 126 North Washington Street, Albany, Georgia 31701. Item 2. Identity and Background. - ---------------------------------- In 1996, J. Mack Robinson was elected President and Chief Executive Officer of the Issuer and Robert S. Prather, Jr. was elected Executive Vice President - Acquisitions of the Issuer and in 1997, Harriett J.Robinson was elected a director of the Issuer. Atlantic American Life Insurance Company has disposed of all of the shares of Common Stock formerly owned by it and is no longer a Reporting Person. Item 3. Source and Amount of Funds. - ------------------------------------- Robert S. Prather, Jr. used personal funds and the proceeds of a bank loan to purchase certain of the shares of Common Stock owned by him. All of such shares are pledged by Mr. Prather to the bank to secure such loan and such bank has an option to sell to J. Mack Robinson, and J. Mack Robinson has an option to purchase from such bank, the bank's rights to and in interest in such loan and the shares collateralizing such loan. Item 5. Interest in Securities of the Issuer. - ---------------------------------------------- Set forth below is information concerning the beneficial ownership of shares of the Common Stock owned by each of the Reporting Persons. Such information gives effect to the three-for-two split of the Common Stock on September 30, 1998 (the "Common Stock Split"). Except as otherwise described below, each of the Reporting Persons has the sole power to vote or direct the vote and sole power to dispose of the Common Stock beneficially owned by him. Each of the Reporting Persons disclaims beneficial ownership of any shares of Common Stock owned by any other Reporting Person. Percentage of Number of Outstanding Shares of Shares of Name Common Stock Common Stock - ----- ------------ ------------- Bull Run 2,857,647(1) 37.3% Bankers Fidelity Life 221,706 3.3% Georgia Casualty & Surety 132,354 1.9% J. Mack Robinson 345,375(2) 5.1% Harriett J. Robinson 166,725 2.4% the Trust 128,250 1.9% RMR Trust 97,500 1.4% Jill E. Robinson 96,750 1.4% Hilton H. Howell, Jr. 35,250(3) .5% Robin R. Howell 58,575(3) .9% Delta Life 119,250 1.8% Delta Fire 6,750 .1% Robert S. Prather, Jr. 218,451(4) 3.2% - ---------- (1) Owned by Bull Run through its wholly-owned subsidiary, DataSouth Computer Corporation. Includes warrants to purchase 847,500 shares of Common Stock which are exercisable within 60 days. Does not include 1,000 shares of Class A Preferred Stock of the Issuer and 425 shares of Class B Preferred Stock of the Issuer, none of which is voting or convertible into Common Stock or Class B Common Stock. Does not include warrants to purchase an aggregate of 258,750 shares of Common Stock which are vested, but are not exercisable within 60 days of the date hereof. (2) Does not include 425 shares of Class B Preferred Stock of the Issuer owned by Mr. Robinson and his affiliates, none of which shares is voting or convertible into Common Stock or Class B Common Stock. (3) Includes an aggregate of 750 shares of Common Stock owned by the minor children of these Reporting Persons. (4) Includes 150 shares owned by Mr. Prather's wife, as to which shares Mr. Prather disclaims beneficial ownership.
Other than the receipt of additional shares of Common Stock and the adjustment of the warrants held by Bull Run, in each case as a result of the Common Stock Split, none of the Reporting Persons had any transactions in the Common Stock during the 60-day period preceding the date of this Amendment No. 6. Set forth below is information concerning the beneficial ownership of shares of Class B Common Stock owned by each of the Reporting Persons. Such information gives effect to the three-for-two split of Class B Common Stock on September 30, 1998 (the "Class B Split"). Except as otherwise described below, each of the Reporting Persons has the sole power to vote or direct the vote and sole power to dispose of the Class B Common Stock beneficially owned by him. Each of the Reporting Persons disclaims beneficial ownership of any shares of Class B Common Stock owned by any other Reporting Person. Percentage of Number of Outstanding Shares of Shares of Class B Class B Name Common Stock Common Stock - ----- ------------ ------------- J. Mack Robinson 11,250 .2% Hilton H. Howell, Jr. 22,500(1) .4% Robert S. Prather, Jr. 12,450(1) .2% Georgia Casualty & Surety 6,000 .1% RMR Trust 3,750 .1% Harriett J. Robinson 13,650 .3% - ---------- (1) Includes options to purchase shares of Class B Common Stock
Other than the receipt of additional shares of Class B Common Stock and the adjustment of the options held by certain of the persons listed above as a result of the Class B Split, none of the Reporting Persons had any transactions in the Class B Common Stock during the 60-day period preceding the date of this Amendment No. 6, except that, on September 14, 1998, on The New York Stock Exchange, RMR Trust purchased 3,750 shares of Class B Common Stock for $17 per share and Georgia Casualty & Surety purchased 6,000 shares of Class B Common Stock for $17 per share (in each case, adjusted for the Class B Split). SIGNATURES 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. BULL RUN CORPORATION October 31, 1998 By /s/ Robert S. Prather, Jr. -------------------------------- Robert S. Prather, Jr. President BANKERS FIDELITY LIFE INSURANCE COMPANY October 31, 1998 By /s/ J. Mack Robinson -------------------------------- J. Mack Robinson President GEORGIA CASUALTY & SURETY COMPANY October 31, 1998 By /s/ J. Mack Robinson -------------------------------- J. Mack Robinson President October 31, 1998 By /s/ J. Mack Robinson -------------------------------- J. Mack Robinson October 31, 1998 /s/ Harriett J. Robinson ----------------------------------- Harriett J. Robinson TRUST U/A 8/25/84 FBO JILL E. ROBINSON October 31, 1998 By /s/ Harriett J. Robinson -------------------------------- Harriett J. Robinson, as Trustee TRUST U/A 8/25/84 FBO ROBIN M. ROBINSON October 31, 1998 By /s/ Harriett J. Robinson -------------------------------- Harriett J. Robinson, as Trustee October 31, 1998 /s/ Jill E. Robinson ----------------------------------- Jill E. Robinson October 31, 1998 /s/ Hilton H. Howell, Jr. ----------------------------------- Hilton H. Howell, Jr. October 31, 1998 /s/ Robin R. Howell ----------------------------------- Robin R. Howell DELTA LIFE INSURANCE COMPANY October 31, 1998 By /s/ J. Mack Robinson ----------------------------------- J. Mack Robinson President DELTA FIRE & CASUALTY INSURANCE COMPANY October 31, 1998 By /s/ J. Mack Robinson ----------------------------------- J. Mack Robinson October 31, 1998 /s/ Robert S. Prather, Jr. ----------------------------------- Robert S. Prather, Jr. -----END PRIVACY-ENHANCED MESSAGE-----