A C MOORE ARTS & CRAFTS INC
SC 13G, 1999-02-12
RETAIL STORES, NEC
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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                              (Amendment No. 1 ) *

                         A.C. MOORE ARTS & CRAFTS, INC.
                                (Name of Issuer)

                           Common Stock, no par value
                              (Title of Securities)

                                   00086T 10 3
                                 (CUSIP Number)


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

     |_| Rule 13d-1(b)

     |_| Rule 13d-1(c)

     |X| Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting persons'
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 for 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).


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CUSIP No.00086T 10 3                SCHEDULE 13G               Page 2 of 4 Pages

1  NAMES OF REPORTING PERSONS

   John E. Parker

   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 of America

   NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

5  SOLE VOTING POWER

   2,140,000 shares

6  SHARED VOTING POWER

   0 shares

7  SOLE DISPOSITIVE POWER

   2,140,000 shares

8  SHARED DISPOSITIVE POWER

   0 shares

9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

   2,140,000 shares

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 
   (See Instructions)
   N/A

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   28.89%

12 TYPE OF REPORTING PERSON (See Instructions)
   IN


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CUSIP No.00086T 10 3                SCHEDULE 13G               Page 3 of 4 Pages


Item 1.
         (a) Name of Issuer
               A.C. Moore Arts & Crafts, Inc. (the "Issuer")

         (b) Address of Issuer's Principal Executive Offices
               500 University Court, Blackwood, NJ 08012
Item 2.
         (a) Name of Person Filing
               John E. Parker

         (b) Address of Issuer's Principal Business Office or, if none, 
               Residence 500 University Court, Blackwood, NJ 08012

         (c) Citizenship
               United States of America

         (d) Title of Class of Securities
               Common Stock, no par value

         (e) CUSIP Number
               00086T 10 3

Item 3.
         Not Applicable

Item 4.  Ownership

         (a) As of December 31, 1998, Mr. John E. Parker beneficially owned
             2,140,000 shares of common stock of the Issuer.

             The filing of this Statement shall not be construed as an admission
             that John E. Parker is, for purposes of Section 13(d) or 13(g) of
             the Securities Exchange Act of 1934, the beneficial owner of the
             equity securities covered by this statement or that he is required
             to file this statement.

         (b) As of December 31, 1998, the shares of common stock of the Issuer
             beneficially owned by John E. Parker represent 28.89% of the
             outstanding common stock of the Issuer.

         (c) John E. Parker (i) has the sole power to vote or to direct the vote
             of 2,140,000 shares of common stock of the Issuer; (ii) has shared
             power to vote or direct the vote of 0 shares of common stock of the
             Issuer; (iii) has sole power to dispose or direct the disposition
             of 2,140,000 shares of common stock of the Issuer; and (iv) has
             shared power to dispose or to direct the disposition of 0 shares of
             common stock of the Issuer.


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CUSIP No.00086T 10 3                SCHEDULE 13G               Page 4 of 4 Pages




Item 5.  Ownership of Five Percent or Less of a Class
             Not Applicable

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.
             Not Applicable

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
           Security  Being Reported on By the Parent Holding Company
             Not Applicable

Item 8.  Identification and Classification of Members of the Group
             Not Applicable

Item 9.  Notice of Dissolution of Group
             Not Applicable

Item 10. Certification
             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.


         Dated: February 10, 1999           /s/ John E. Parker       
                                    ---------------------------------
                                                John E. Parker





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