Schedule 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

 

 

 

Vision Bancshares, Inc.


(Name of Issuer)

 

Common Stock


(Title of Class of Securities)

 

 

92832B106


                                (CUSIP Number)                                

 

December 31, 2004


(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)

 

x Rule 13d-1(c)

 

¨ Rule 13d-1(d)

 

*   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.


CUSIP No. 92832B106

 

  1.  

Names of Reporting Persons.

 

            Benjamin W. Griffith, III

 

I.R.S. Identification Nos. of above persons (entities only).

 

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  ¨

   
  3.  

SEC Use Only

 

   
  4.  

Citizenship or Place of Organization

 

            United States

   

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  5.    Sole Voting Power

 

                280,546


  6.    Shared Voting Power

 

                0


  7.    Sole Dispositive Power

 

                280,546


  8.    Shared Dispositive Power

 

                0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            280,546

   
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

   
11.  

Percent of Class Represented by Amount in Row (9)

 

            9.28%

   
12.  

Type of Reporting Person (See Instructions)

 

            IN

   

 

 

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Item 1.

 

(a)

  

Name of Issuer

 

Vision Bancshares, Inc.

         
   

(b)

  

Address of Issuer’s Principal Executive Offices

 

2201 West 1st Street, Gulf Shores, Alabama 36542

         

Item 2.

 

(a)

  

Name of Person Filing

 

Benjamin W. Griffith, III

         
   

(b)

  

Address of Principal Business Office or, if none, Residence

 

6304 Peake Road

Macon, Georgia 31210

         
   

(c)

  

Citizenship

 

United States

         
   

(d)

  

Title of Class of Securities

 

Common Stock

         
   

(e)

  

CUSIP Number    

 

92832B106

         

Item 3.

  If this statement is filed pursuant to §§§§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:     
    (a)    ¨    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
    (b)    ¨    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
    (c)    ¨    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
    (d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
    (e)    ¨    An investment adviser in accordance with §§240.13d-1(b)(1)(ii)(E);
    (f)    ¨    An employee benefit plan or endowment fund in accordance with §§240.13d-1(b)(1)(ii)(F);
    (g)    ¨    A parent holding company or control person in accordance with §§240.13d-1(b)(1)(ii)(G);
    (h)    ¨    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)    ¨    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
    (j)    ¨    Group, in accordance with §§240.13d-1(b)(1)(ii)(J).

 

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Item 4.

   Ownership.          
     Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
     (a)   

Amount beneficially owned:

 

280,546

         
     (b)   

Percent of class:

 

9.28% based on the number of shares as reported by the Company in its latest report.

         
     (c)    Number of shares as to which the person has:          
          (i)   

Sole power to vote or to direct the vote

 

280,546.

         
          (ii)   

Shared power to vote or to direct the vote

 

0.

         
          (iii)   

Sole power to dispose or to direct the disposition of

 

280,546.

         
          (iv)   

Shared power to dispose or to direct the disposition of

 

0.

         

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 has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ¨     

Item 6.

   Ownership of More than Five Percent on Behalf of Another Person.          
     If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. N/A          

Item 7.

   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
     If a parent holding company or Control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. N/A     

Item 8.

   Identification and Classification of Members of the Group          
     If a group has filed this schedule pursuant to §§240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §§240.13d-1(c) or §§240.13d-1(d), attach an exhibit stating the identity of each member of the group. N/A          

Item 9.

   Notice of Dissolution of Group          
     Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. N/A          

Item 10.

   Certification          
     By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.          

 

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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.

 

January 31, 2005


Date

/s/ Benjamin W. Griffith, III


Signature

Benjamin W. Griffith, III


Name/Title

 

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