Filing Details

UNITED STATES

Securities and Exchange Commission

Washington, D.C. 20549

 

Schedule 13D

Under the Securities Exchange Act of 1934

(Amendment No. __)*

 

Security Land & Development Corporation

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

814348108

(CUSIP Number)

 

Mark S. Burgreen

Hull Barrett, PC

801 Broad Street

Suite 700

Augusta, Georgia 30901

(706) 722-4481

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

June 21, 2017
(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. □

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

*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).

 

 

 

Item 1. Security and Issuer. This statement relates to the common stock of Security Land and Development Corporation, a Georgia corporation, whose principal executive office is located at 2816 Washington Road, #103, Augusta, Georgia 30909.

Item 2. Identity and Background. 

(a) The name of the reporting person is Harriette Flanagin.

(b) Mrs. Flanagin’s principal business address is 2816 Washington Road, #103, Augusta, Georgia 30909.

(c) Mrs. Flanagin is the Office Manager of the Issuer, Security Land and Development Corporation, 2816 Washington Road, #103, Augusta, Georgia 30909.

(d) During the last five years, the reporting person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) During the last five years, the reporting person was not 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.

Item 3. Source and Amount of Funds or Other Consideration. 

On June 21, 2017, Mrs. Flanagin’s son, R. Clayton Flanagin, transferred all of his 292,959 shares of the Issuer's common stock to his mother, without consideration, as a correction and reversal of a previous transfer to him.

Item 4. Purpose of Transaction. 

All of the shares of Common Stock beneficially owned by Mrs. Flanagin are held for investment.  Mrs. Flanagin may, from time to time, depending upon market conditions, liquidity needs and other investment considerations, purchase additional shares of common stock for investment or dispose of shares of Common Stock. 

Mrs. Flanagin has no plans or proposals which would relate to or result in any of the matters referred to in paragraphs (a) through (j) of the instructions to Item 4 of Schedule 13D.

Item 5. Interest in Securities of the Issuer. 

(a) Mrs. Flanagin beneficially owns an aggregate of 368,687 shares of the Issuer's common stock, constituting 9.3% of the number of shares of such common stock outstanding on the date hereof. 

The 368,687 shares reported as owned by Mrs. Flanagin does not include 543,743 shares beneficially owned by her husband, T. Greenlee Flanagin, who shares the same household.  Together, Mrs. Flanagin and her spouse own 912,430 shares of the Issuer's common stock, constituting 23.1% of the outstanding shares.  Mrs. Flanagin disclaims beneficial ownership of the shares held by her husbandfor the purposes of sections 13(d) or 13(g) of the Act.

(b) With respect to the 368,687 shares of common stock beneficially owned by Mrs. Flanagin, she has the sole power to vote or to direct the vote and the sole power to dispose or to direct the disposition.  With respect to the 543,743 shares owned by her husband, Mr. Flanagin has the sole power to vote or to direct the vote and the sole power to dispose or to direct the disposition.

(c) On June 21, 2017, Mrs. Flanagin’s son, T. Greenlee Flanagin, Jr., transferred all of his 292,959 shares of the Issuer's common stock to Mrs. Flanagin’s spouse, without consideration, as a correction and reversal of a previous transfer to him.  On June 21, 2017, Mrs. Flanagin’s son, R. Clayton Flanagin, transferred all of his 292,959 shares of the Issuer's common stock to Mrs. Flanagin, without consideration, as a correction and reversal of a previous transfer to him.

 (d) Not applicable.

(e) Not applicable. 

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. 

Not applicable.

Item 7. Material to be Filed as Exhibits. 

Not applicable.

 

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: June 21, 2017