13F-HR 1 zwj13f0912.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2012 Check her if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: ZWJ Investment Counsel Address: 75 14th Street NE, Suite 2900 Atlanta, GA 30309 13F File Number: 28-2376 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Clayton F. Jackson Title: President Phone: 404-873-2211 Signature, Place, and Date of Signing: Clayton F. Jackson Atlanta, Georgia November 6, 2012 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 226 FORM 13F INFORMATION TABLE VALUE TOTAL: $630,495,000 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE 3 M CO COM 88579Y101 614 6642 SH SOLE 0 0 6642 3 M CO COM 88579Y101 175 1890 SH OTHER 0 1890 0 A G L RESOURCES COM 001204106 3900 95335 SH DEFINED 0 1090 94245 A G L RESOURCES COM 001204106 7961 194587 SH OTHER 0 194587 0 A T & T COM 00206R102 6950 184339 SH DEFINED 0 1261 183078 A T & T COM 00206R102 11334 300638 SH OTHER 0 300638 0 ABBOTT LABS COM 002824100 2340 34135 SH SOLE 0 0 34135 ABBOTT LABS COM 002824100 977 14245 SH OTHER 0 14245 0 ACCENTURE PLC COM G1151C101 3873 55310 SH SOLE 0 0 55310 ACCENTURE PLC COM G1151C101 7484 106863 SH OTHER 0 106863 0 ADVANCED CELL TECHNOLOGY INC COM 00752K105 10 125000 SH OTHER 0 125000 0 AFLAC INC COM 001055102 196 4100 SH SOLE 0 0 4100 AFLAC INC COM 001055102 367 7669 SH OTHER 0 7669 0 ALTRIA GROUP INC COM 02209S103 247 7405 SH SOLE 0 0 7405 ALTRIA GROUP INC COM 02209S103 176 5268 SH OTHER 0 5268 0 AMAZON.COM COM 023135106 394 1550 SH OTHER 0 1550 0 AMERICAN SOFTWARE INC CL A COM 029683109 82 10000 SH SOLE 0 0 10000 ANCESTRY COM INC COM 032803108 241 8000 SH OTHER 0 8000 0 ANGLO AMERN PLC ADR COM 03485P201 2366 161285 SH DEFINED 0 620 160665 ANGLO AMERN PLC ADR COM 03485P201 3411 232503 SH OTHER 0 232503 0 ANHEUSER BUSCH INBEV ADR COM 03524A108 3424 39860 SH SOLE 0 0 39860 ANHEUSER BUSCH INBEV ADR COM 03524A108 5957 69337 SH OTHER 0 69337 0 APPLE COMPUTER INC COM 037833100 157 235 SH SOLE 0 0 235 APPLE COMPUTER INC COM 037833100 1302 1952 SH OTHER 0 1952 0 AUTOMATIC DATA PROCESSING COM 053015103 3124 53260 SH SOLE 0 0 53260 AUTOMATIC DATA PROCESSING COM 053015103 2275 38785 SH OTHER 0 38785 0 B B & T CORP COM 054937107 535 16121 SH SOLE 0 0 16121 B B & T CORP COM 054937107 66 1999 SH OTHER 0 1999 0 BANCO BRADESCO S A SP ADR PFD COM 059460303 3402 211713 SH DEFINED 0 1705 210008 BANCO BRADESCO S A SP ADR PFD COM 059460303 5046 313984 SH OTHER 0 313984 0 BANK OF AMERICA COM 060505104 139 15795 SH OTHER 0 15795 0 BB&T PFD 5.625% 12/31/49 PREFERRED STOCKS 054937404 51 2000 SH SOLE 0 0 2000 BB&T PFD 5.625% 12/31/49 PREFERRED STOCKS 054937404 230 9000 SH OTHER 0 9000 0 BECTON DICKINSON & CO COM 075887109 4705 59895 SH DEFINED 0 395 59500 BECTON DICKINSON & CO COM 075887109 7388 94046 SH OTHER 0 94046 0 BERKSHIRE HATHAWAY CL B COM 084670702 66 750 SH SOLE 0 0 750 BERKSHIRE HATHAWAY CL B COM 084670702 326 3695 SH OTHER 0 3695 0 BERKSHIRE HATHAWAY INC COM 084670108 398 3 SH SOLE 0 0 3 BERKSHIRE HATHAWAY INC COM 084670108 265 2 SH OTHER 0 2 0 BP AMOCO ADS COM 055622104 83 1952 SH SOLE 0 0 1952 BP AMOCO ADS COM 055622104 189 4467 SH OTHER 0 4467 0 BRINKS CO COM 109696104 1707 66465 SH DEFINED 0 1130 65335 BRINKS CO COM 109696104 3295 128247 SH OTHER 0 128247 0 BRISTOL MYERS SQUIBB CO COM 110122108 222 6592 SH SOLE 0 0 6592 BRISTOL MYERS SQUIBB CO COM 110122108 264 7833 SH OTHER 0 7833 0 BUNGE LIMITED COM G16962105 3684 54945 SH DEFINED 0 550 54395 BUNGE LIMITED COM G16962105 6305 94030 SH OTHER 0 94030 0 CAPSTONE TURBINE CORP COM 14067D102 34 34000 SH SOLE 0 0 34000 CBOE HLDGS INC COM 12503M108 941 32000 SH OTHER 0 32000 0 CELGENE CORP COM 151020104 3061 40070 SH DEFINED 0 260 39810 CELGENE CORP COM 151020104 5420 70944 SH OTHER 0 70944 0 CEL-SCI CORP COM 150837409 3 10000 SH SOLE 0 0 10000 CHEVRONTEXACO COM 166764100 7111 61011 SH DEFINED 0 540 60471 CHEVRONTEXACO COM 166764100 12055 103424 SH OTHER 0 103424 0 CHUBB CORP COM 171232101 221 2900 SH SOLE 0 0 2900 CISCO SYSTEMS COM 17275R102 4771 249877 SH DEFINED 0 1935 247942 CISCO SYSTEMS COM 17275R102 8459 443002 SH OTHER 0 443002 0 CME GROUP INC COM 12572Q105 1967 34335 SH DEFINED 0 245 34090 CME GROUP INC COM 12572Q105 3671 64082 SH OTHER 0 64082 0 COCA-COLA CO COM 191216100 30625 807405 SH DEFINED 0 1300 806105 COCA-COLA CO COM 191216100 20396 537723 SH OTHER 0 537723 0 COLGATE PALMOLIVE CO COM 194162103 118 1100 SH SOLE 0 0 1100 COLGATE PALMOLIVE CO COM 194162103 311 2898 SH OTHER 0 2898 0 COLONIAL BANCGROUP INC COM 195493309 0 20126 SH OTHER 0 20126 0 COMCAST CORP CL A SPL COM 20030N200 348 10000 SH SOLE 0 0 10000 COMCAST CORP CL A SPL COM 20030N200 10 280 SH OTHER 0 280 0 COMPANHIA BRASILEIRA DE DIST COM 20440T201 3123 69220 SH DEFINED 0 730 68490 COMPANHIA BRASILEIRA DE DIST COM 20440T201 5878 130296 SH OTHER 0 130296 0 COMSCORE INC COM 20564W105 1954 128110 SH DEFINED 0 1010 127100 COMSCORE INC COM 20564W105 3000 196725 SH OTHER 0 196725 0 CONSOLIDATED TOMOKA LD CO COM 210226106 229 6952 SH OTHER 0 6952 0 COSTCO WHOLESALE CORP COM 22160K105 545 5440 SH OTHER 0 5440 0 DOW CHEMICAL CORP COM 260543103 275 9497 SH SOLE 0 0 9497 DOW CHEMICAL CORP COM 260543103 66 2289 SH OTHER 0 2289 0 DR PEPPER SNAPPLE GROUP INC COM 26138E109 2586 58080 SH DEFINED 0 725 57355 DR PEPPER SNAPPLE GROUP INC COM 26138E109 4802 107840 SH OTHER 0 107840 0 DU PONT E I DE NEMOURS CO COM 263534109 3471 69042 SH DEFINED 0 70 68972 DU PONT E I DE NEMOURS CO COM 263534109 5214 103724 SH OTHER 0 103724 0 DUKE ENERGY CORPORATION COM 26441C204 91 1406 SH SOLE 0 0 1406 DUKE ENERGY CORPORATION COM 26441C204 542 8363 SH OTHER 0 8363 0 ELI LILLY AND CO COM 532457108 234 4928 SH SOLE 0 0 4928 ELI LILLY AND CO COM 532457108 9 197 SH OTHER 0 197 0 EMERSON ELECTRIC CO COM 291011104 236 4899 SH OTHER 0 4899 0 ENERGEN CORP COM 29265N108 210 4000 SH SOLE 0 0 4000 EOG RESOURCES INC. COM 26875P101 215 1915 SH SOLE 0 0 1915 EOG RESOURCES INC. COM 26875P101 404 3605 SH OTHER 0 3605 0 EXPEDITORS INTL WASH INC COM 302130109 2519 69285 SH SOLE 0 0 69285 EXPEDITORS INTL WASH INC COM 302130109 3533 97182 SH OTHER 0 97182 0 EXXON MOBIL COM 30231G102 7831 85636 SH DEFINED 0 245 85391 EXXON MOBIL COM 30231G102 7787 85151 SH OTHER 0 85151 0 FEDERATED INVS INC PA CL B COM 314211103 472 22815 SH DEFINED 0 55 22760 FEDERATED INVS INC PA CL B COM 314211103 1019 49234 SH OTHER 0 49234 0 FEDEX CORP COM 31428X106 381 4500 SH OTHER 0 4500 0 GENERAL DYNAMICS COM 369550108 4223 63865 SH DEFINED 0 405 63460 GENERAL DYNAMICS COM 369550108 7135 107905 SH OTHER 0 107905 0 GENERAL ELECTRIC COM 369604103 1956 86116 SH SOLE 0 0 86116 GENERAL ELECTRIC COM 369604103 1758 77423 SH OTHER 0 77423 0 GENERAL MILLS INC COM 370334104 175 4400 SH SOLE 0 0 4400 GENERAL MILLS INC COM 370334104 193 4842 SH OTHER 0 4842 0 GENUINE PARTS CO COM 372460105 252 4132 SH SOLE 0 0 4132 GENUINE PARTS CO COM 372460105 220 3612 SH OTHER 0 3612 0 GILEAD SCIENCES INC COM 375558103 4199 63310 SH DEFINED 0 530 62780 GILEAD SCIENCES INC COM 375558103 7647 115290 SH OTHER 0 115290 0 GOL LINHAS AEREAS INTLG ADR COM 38045R107 564 98295 SH DEFINED 0 2285 96010 GOL LINHAS AEREAS INTLG ADR COM 38045R107 1001 174370 SH OTHER 0 174370 0 GOLDMAN SACHS GROUP INC COM 38141G104 20 180 SH SOLE 0 0 180 GOLDMAN SACHS GROUP INC COM 38141G104 276 2430 SH OTHER 0 2430 0 GOOGLE INC CL A COM 38259P508 5663 7505 SH DEFINED 0 55 7450 GOOGLE INC CL A COM 38259P508 9317 12349 SH OTHER 0 12349 0 GREEN DOT CORP CL A COM 39304D102 73 5940 SH SOLE 0 0 5940 GREEN DOT CORP CL A COM 39304D102 149 12195 SH OTHER 0 12195 0 HOME DEPOT COM 437076102 2014 33366 SH SOLE 0 0 33366 HOME DEPOT COM 437076102 1418 23482 SH OTHER 0 23482 0 HORSEHEAD HLDG COM 440694305 625 66795 SH SOLE 0 0 66795 HORSEHEAD HLDG COM 440694305 1684 179945 SH OTHER 0 179945 0 I B M COM 459200101 5558 26790 SH DEFINED 0 236 26554 I B M COM 459200101 4795 23116 SH OTHER 0 23116 0 IMPART MEDIA GROUP INC COM 45256R106 0 11050 SH OTHER 0 11050 0 INTEL CORP COM 458140100 173 7620 SH SOLE 0 0 7620 INTEL CORP COM 458140100 129 5686 SH OTHER 0 5686 0 J.P. MORGAN CHASE & CO COM 46625H100 3281 81053 SH DEFINED 0 465 80588 J.P. MORGAN CHASE & CO COM 46625H100 5555 137222 SH OTHER 0 137222 0 JOHNSON CONTROLS, INC. COM 478366107 2673 97540 SH DEFINED 0 965 96575 JOHNSON CONTROLS, INC. COM 478366107 4369 159435 SH OTHER 0 159435 0 JOHNSON & JOHNSON COM 478160104 6839 99250 SH DEFINED 0 650 98600 JOHNSON & JOHNSON COM 478160104 9939 144238 SH OTHER 0 144238 0 JPMORGAN CHASE CAP XVI PFD 6.3 PREFERRED STOCKS 481228203 2896 113959 SH DEFINED 0 100 113859 JPMORGAN CHASE CAP XVI PFD 6.3 PREFERRED STOCKS 481228203 4634 182359 SH OTHER 0 182359 0 KAYNE ANDERSON MLP INVESTMENT COM 486606106 4522 144749 SH DEFINED 0 835 143914 KAYNE ANDERSON MLP INVESTMENT COM 486606106 6789 217317 SH OTHER 0 217317 0 KIMBERLY CLARK CORP COM 494368103 60 700 SH SOLE 0 0 700 KIMBERLY CLARK CORP COM 494368103 165 1925 SH OTHER 0 1925 0 KRAFT FOODS INC CL A COM 50075N104 163 3940 SH SOLE 0 0 3940 KRAFT FOODS INC CL A COM 50075N104 182 4398 SH OTHER 0 4398 0 MCDONALDS CORP COM 580135101 73 800 SH SOLE 0 0 800 MCDONALDS CORP COM 580135101 325 3546 SH OTHER 0 3546 0 MCGRAW-HILL COMPANIES COM 580645109 3184 58330 SH DEFINED 0 30 58300 MCGRAW-HILL COMPANIES COM 580645109 4936 90413 SH OTHER 0 90413 0 MERCK & COMPANY COM 58933Y105 464 10282 SH DEFINED 0 246 10036 MERCK & COMPANY COM 58933Y105 203 4508 SH OTHER 0 4508 0 METLIFE COM 59156R108 2331 67654 SH DEFINED 0 105 67549 METLIFE COM 59156R108 4275 124060 SH OTHER 0 124060 0 MICROSOFT COM 594918104 5808 195153 SH DEFINED 0 1681 193472 MICROSOFT COM 594918104 9396 315731 SH OTHER 0 315731 0 NOKIA CORP ADR COM 654902204 531 206040 SH DEFINED 0 2600 203440 NOKIA CORP ADR COM 654902204 877 340475 SH OTHER 0 340475 0 NORFOLK SOUTHERN CORP COM 655844108 128 2007 SH SOLE 0 0 2007 NORFOLK SOUTHERN CORP COM 655844108 399 6272 SH OTHER 0 6272 0 ORACLE SYSTEMS CORP COM 68389X105 4739 150629 SH DEFINED 0 1120 149509 ORACLE SYSTEMS CORP COM 68389X105 6913 219727 SH OTHER 0 219727 0 PEABODY ENERGY COM 704549104 2143 96145 SH DEFINED 0 760 95385 PEABODY ENERGY COM 704549104 4094 183660 SH OTHER 0 183660 0 PEPSICO INC COM 713448108 520 7353 SH SOLE 0 0 7353 PEPSICO INC COM 713448108 433 6125 SH OTHER 0 6125 0 PFIZER INC COM 717081103 513 20655 SH SOLE 0 0 20655 PFIZER INC COM 717081103 99 4002 SH OTHER 0 4002 0 PHILIP MORRIS INTL INC COM 718172109 703 7813 SH SOLE 0 0 7813 PHILIP MORRIS INTL INC COM 718172109 333 3705 SH OTHER 0 3705 0 PNC FINANCIAL SERV PFD 6.125% PREFERRED STOCKS 693475857 2633 95850 SH DEFINED 0 200 95650 PNC FINANCIAL SERV PFD 6.125% PREFERRED STOCKS 693475857 4121 150020 SH OTHER 0 150020 0 PORTLAND GEN ELEC COM 736508847 3735 138120 SH DEFINED 0 1405 136715 PORTLAND GEN ELEC COM 736508847 7474 276398 SH OTHER 0 276398 0 PROCTER & GAMBLE COM 742718109 6044 87141 SH DEFINED 0 722 86419 PROCTER & GAMBLE COM 742718109 9414 135726 SH OTHER 0 135726 0 SCHLUMBERGER COM 806857108 2650 36637 SH DEFINED 0 50 36587 SCHLUMBERGER COM 806857108 4652 64321 SH OTHER 0 64321 0 SCHWAB INFLATION PROTECTED FUN MUTUAL FUNDS 808517817 171 14026 SH SOLE 0 0 14026 SCHWAB INFLATION PROTECTED FUN MUTUAL FUNDS 808517817 43 3546 SH OTHER 0 3546 0 SEAGATE TECHNOLOGY PLC COM G7945M107 1203 38860 SH SOLE 0 0 38860 SEAGATE TECHNOLOGY PLC COM G7945M107 1209 39035 SH OTHER 0 39035 0 SEAWRIGHT HLDGS INC COM 81282T105 1 20000 SH SOLE 0 0 20000 SOUTHERN CO COM 842587107 189 4090 SH SOLE 0 0 4090 SOUTHERN CO COM 842587107 463 10037 SH OTHER 0 10037 0 SOUTHWESTERN ENERGY CO COM 845467109 2846 81815 SH DEFINED 0 430 81385 SOUTHWESTERN ENERGY CO COM 845467109 4700 135130 SH OTHER 0 135130 0 STEC INC COM 784774101 664 98415 SH DEFINED 0 1535 96880 STEC INC COM 784774101 1404 207940 SH OTHER 0 207940 0 SUNTRUST BANKS INC COM 867914103 27 950 SH SOLE 0 0 950 SUNTRUST BANKS INC COM 867914103 368 13005 SH OTHER 0 13005 0 SYNAPTICS COM 87157D109 1372 57120 SH DEFINED 0 200 56920 SYNAPTICS COM 87157D109 2208 91935 SH OTHER 0 91935 0 SYNOVUS FINANCIAL CORP COM 87161C105 30 12810 SH SOLE 0 0 12810 SYNOVUS FINANCIAL CORP COM 87161C105 24 10198 SH OTHER 0 10198 0 SYSCO COM 871829107 4722 151003 SH DEFINED 0 1000 150003 SYSCO COM 871829107 8510 272146 SH OTHER 0 272146 0 TEMPLETON FOREIGN FUND CLASS A MUTUAL FUNDS 880196209 89 13825 SH OTHER 0 13825 0 THERMO FISHER SCIENTIFIC COM 883556102 3635 61795 SH DEFINED 0 590 61205 THERMO FISHER SCIENTIFIC COM 883556102 4960 84303 SH OTHER 0 84303 0 TIME WARNER CABLE INC COM 88732J207 4176 43925 SH DEFINED 0 345 43580 TIME WARNER CABLE INC COM 88732J207 7367 77496 SH OTHER 0 77496 0 TIME WARNER INC COM 887317303 3808 84005 SH DEFINED 0 770 83235 TIME WARNER INC COM 887317303 7066 155865 SH OTHER 0 155865 0 TITANIUM METALS COM 888339207 2548 198578 SH DEFINED 0 850 197728 TITANIUM METALS COM 888339207 3979 310171 SH OTHER 0 310171 0 TORNIER N V COM N87237108 1802 95090 SH DEFINED 0 720 94370 TORNIER N V COM N87237108 3035 160138 SH OTHER 0 160138 0 TOTAL SYSTEM SERVICES COM 891906109 142 6000 SH SOLE 0 0 6000 TOTAL SYSTEM SERVICES COM 891906109 160 6732 SH OTHER 0 6732 0 TRUE RELIGION APPAREL INC COM 89784N104 849 39785 SH SOLE 0 0 39785 TRUE RELIGION APPAREL INC COM 89784N104 897 42070 SH OTHER 0 42070 0 U S BANCORP COM 902973304 3569 104040 SH DEFINED 0 700 103340 U S BANCORP COM 902973304 5362 156314 SH OTHER 0 156314 0 UNITED TECHNOLOGIES COM 913017109 2446 31245 SH SOLE 0 0 31245 UNITED TECHNOLOGIES COM 913017109 3703 47293 SH OTHER 0 47293 0 UNITED TECHNOLOGIES CV PFD 7.5 COM 913017117 4200 74870 SH DEFINED 0 505 74365 UNITED TECHNOLOGIES CV PFD 7.5 COM 913017117 6824 121635 SH OTHER 0 121635 0 VANGUARD EQUITY INCOME FD MUTUAL FUNDS 921921102 395 16242 SH OTHER 0 16242 0 VANGUARD SHORT TERM TRSY FUND MUTUAL FUNDS 922031851 182 16889 SH OTHER 0 16889 0 VANGUARD WINDSOR FUND INC. MUTUAL FUNDS 922018106 326 22200 SH OTHER 0 22200 0 VANGUARD WORLD FUND MUTUAL FUNDS 921910204 350 19075 SH OTHER 0 19075 0 VERIZON COMMUNICATIONS COM 92343V104 100 2197 SH SOLE 0 0 2197 VERIZON COMMUNICATIONS COM 92343V104 150 3288 SH OTHER 0 3288 0 VODAFONE GROUP COM 92857W209 6177 216746 SH DEFINED 0 1430 215316 VODAFONE GROUP COM 92857W209 9906 347585 SH OTHER 0 347585 0 WABCO HLDGS INC COM 92927K102 523 9070 SH SOLE 0 0 9070 WABCO HLDGS INC COM 92927K102 1060 18385 SH OTHER 0 18385 0 WAL MART STORES COM 931142103 4699 63668 SH DEFINED 0 626 63042 WAL MART STORES COM 931142103 8112 109919 SH OTHER 0 109919 0 WALGREEN COM 931422109 5551 152345 SH DEFINED 0 1165 151180 WALGREEN COM 931422109 8675 238068 SH OTHER 0 238068 0 WATERS CORP COM 941848103 333 3996 SH OTHER 0 3996 0 WELLS FARGO PFD PRIVATE SHARES PREFERRED STOCKS KEK746889 0 30000 SH OTHER 0 30000 0 WELLS FARGO & CO COM 949746101 155 4500 SH SOLE 0 0 4500 WELLS FARGO & CO COM 949746101 597 17281 SH OTHER 0 17281 0 WILLIS GROUP HLDGS LTD COM G96666105 4379 118610 SH DEFINED 0 855 117755 WILLIS GROUP HLDGS LTD COM G96666105 6776 183528 SH OTHER 0 183528 0