-----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, V7W26qRGrQl1eYAurXRYfSm3KzVZs/YslrfPBfpviBLo23A9SeJSGgu77sZiDP9t Z+dPFu6k3GyxImm+LSbcag== 0000914483-97-000031.txt : 19970317 0000914483-97-000031.hdr.sgml : 19970317 ACCESSION NUMBER: 0000914483-97-000031 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970314 FILED AS OF DATE: 19970314 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MERRY LAND & INVESTMENT CO INC CENTRAL INDEX KEY: 0000350071 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 580961876 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11081 FILM NUMBER: 97556920 BUSINESS ADDRESS: STREET 1: 624 ELLIS ST CITY: AUGUSTA STATE: GA ZIP: 30901 BUSINESS PHONE: 7067226756 MAIL ADDRESS: STREET 1: PO BOX 1417 CITY: AUGUSTA STATE: GA ZIP: 30903 COMPANY DATA: COMPANY CONFORMED NAME: SPEED STEWART R CENTRAL INDEX KEY: 0001020940 STANDARD INDUSTRIAL CLASSIFICATION: [] OTHER FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: P.O. BOX 1564 CITY: AUGUSTA STATE: GA ZIP: 30903-1564 BUSINESS PHONE: 7067224481 MAIL ADDRESS: STREET 1: PO BOX 1417 CITY: AUGUSTA STATE: GA ZIP: 30903 4 1 F4.001 ------ U.S. SECURITIES & ------------ FORM 4 EXCHANGE COMMISSION OMB APPROVAL ------ Washington, D.C. 20549 ------------ [X] Check this box if OMB Number 3235-0287 no longer subject Expires: April 30, 1997 Section 16. Form 4 Estimated average burden or Form 5 obliga- hours per response . . 0.5 tions may continue. See Instruction 1(b). STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 - --------------------------------------------------------------------------- 1. Name and Address of Reporting Person Speed Stewart R. ------------------------------------ (Last) (First) (Middle) 3113 Bransford Road ------------------------------------ (Street) Augusta Georgia 30909 ------------------------------------ (City) (State) (ZIP) 2. Issuer Name and Ticker or Trading Symbol Merry Land & Investment Company, Inc. (MRY) ------------------------------------------- 3. IRS or Social Security Number of Reporting Person ###-##-#### ------------------------------------------------- 4. Statement for Month/Year February 1997 ------------------------ 5. If Amendment, Date of Original (Month/Year) ------------------------------------------- 6. Relationship of Reporting Person to Issuer (Check all applicable) Director 10% Owner --------- --------- Officer X Other --------- --------- (give title below) (specify below) ------------------------------------------ (Former Officer) ------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------- Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned - ---------------------------------------------------------------------------------------------------------------------------------- 3. 4. Transaction Securities Acquired (A) or Disposed Code of (D) (Instr. 3, 4 and 5) - ---------------------------------------------------------------------------------------------------------------------------------- 5. Amount of Securities 6. Ownership 7. Nature of 2. Beneficially Form: Direct Indirect Transaction Owned at End (D) or Beneficial 1. Date of Month Indirect (I) Ownership Title of Security (MM/DD/YY) Code V Amount (A) or (D) Price (Inst. 3 & 4) (Instr. 4) (Instr. 4) - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Common Stock 1/21/97 J --- 45,000 D $21.50 275 D ------- - ---------------------------------------------------------------------------------------------------------------------------------- Common Stock 1/21/97 ----- --- --- --- --- 578.7 I By ESOP - ---------------------------------------------------------------------------------------------------------------------------------- These shares were disposed of in a sale to Merry Land & Investment Company after the reporting person's notice of termination of employment effective on Feb. 7, 1997. These shares were acquired under Merry Land & Investment Company's stock loan program pursuant to which the shares secured a full recourse loan for payment of the purchase price.
Reminder: Report on a separate line for each class of securities Page 1 beneficially owned directly or indirectly. SEC 1474 (Print or Type Responses) (3/91)
FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned Page 2 (e.g. puts, calls, warrants, options, convertible securities) - ---------------------------------------------------------------------------------------------------------------------------------- 4. 5. 6. 7. - ---------------------------------------------------------------------------------------------------------------------------------- Amount or Date Expira- Number Exer- tion of 1. 2. 3. Code V (A) (D) cisable Date Title Shares 8. 9. 10. 11. - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Employee $20.875 1/23/97 M 50,000 --- --- Common 50,000 $22.25 0 D Stock Stock Option (Right to Buy) - ---------------------------------------------------------------------------------------------------------------------------------- Employee $16.625 1/23/97 M 10,000 --- --- Common 10,000 $22.25 0 D Stock Stock Option (Right to Buy) - ---------------------------------------------------------------------------------------------------------------------------------- Employee $20.875 1/23/97 M 7,500 --- --- Common 7,500 $22.25 0 D Stock Stock Option (Right to Buy) - ---------------------------------------------------------------------------------------------------------------------------------- Employee $19.00 1/23/97 M 10,000 --- --- Common 10,000 $22.25 0 D Stock Stock Option (Right to Buy) - ---------------------------------------------------------------------------------------------------------------------------------- Title of Derivative Security (Instr. 3) Conversion or Exercise of Price of Derivative Security Transaction Date (MM/DD/YY) Transaction Code (Instr. 8) Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Date Exercisable and Expiration Date (MM/DD/YY) Title and Amount of Underlying Securities (Instr. 3 and 4) Price of Derivative Security (Instr. 5) Number of Derivative Securities Beneficially Owned at End of Year (Instr. 4) Ownership of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) Nature of Indirect Beneficial Ownership (Instr. 4) - ---------------------------------------------------------------------------------------------------------------------------------- These options were granted under the Merry Land & Investment Company 1995 Stock Option & Incentive Plan in a transaction exempt under Old Rule 16b-3. The reporting person surrendered 10,000 of these options on 1/23/97 in exchange for a payment of $1.375 per share in the exercise of a stock appreciation right (based on the then current fair market value per share of $22.25) in connection with his notice of termination of employment. The remaining 40,000 options were not exercisable on the date of termination of employment and were cancelled. These options were granted under the Merry Land & Investment Company 1993 Stock Option & Incentive Plan in a transaction exempt under Old Rule 16b-3. The reporting person surrendered 8,000 of these options on 1/23/97 in exchange for a payment of $5.625 per share in the exercise of a stock appreciation right (based on the then current fair market value per share of $22.25) in connection with his notice of termination of employment. The remaining 2,000 options were not exercisable on the date of termination of employment and were cancelled. These options were granted under the Merry Land & Investment Company 1993 Stock Option & Incentive Plan in a transaction exempt under Old Rule 16b-3. The reporting person surrendered 6,000 of these options on 1/23/97 in exchange for a payment of $1.375 per share in the exercise of a stock appreciation right (based on the then current fair market value per share of $22.25) in connection with his notice of termination of employment. The remaining 1,500 options were not exercisable on the date of termination of employment and were cancelled. These options were granted under the Merry Land & Investment Company 1994 Stock Option & Incentive Plan in a transaction exempt under Old Rule 16b-3. The reporting person surrendered 6,000 of these options on 1/23/97 in exchange for a payment of $3.25 per share in the exercise of a stock appreciation right (based on the then current fair market value per share of $22.25) in connection with his notice of termination of employment. The remaining 4,000 options were not exercisable on the date of termination of employment and were cancelled.
March , 1997 ------------------------------- -------------------- Stewart R. Speed Date **Signature of Reporting Person ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Page 2 SEC 1474 (3/91) -----END PRIVACY-ENHANCED MESSAGE-----