UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13
Under the Securities Exchange Act of 1934
(Amendment No. 4)
CROWLEY, MILNER AND COMPANY
(Name of Issuer)
Common Stock
(Title of Class of Securities)
228093-10-0
(CUSIP Number)
Paul R. Rentenbach
Dykema Gossett PLLC
400 Renaissance Center
Detroit, Michigan 48243-1668
(313) 568-6973
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 8, 1997
(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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [ ].
This is Amendment No. 4 to the Schedule 13D filed jointly by Richard
S. Keys, Joseph C. Key and JoAnn S. Cousino (the "Group"), and relates to
the common stock (the "Common Stock") of Crowley, Milner and Company (the
"Issuer"). The following items in the Schedule 13D are hereby amended to
read in their entirety as follows:
Item 2. Identity and Background.
The Group initially filed a Schedule 13D in connection with its
members having entered inot a Shareholder Agreement on August 19, 1987,
which agreement expired and was replaced by a second Shareholder Agreement
dated August 18, 1992 (the "1992 Agreement"). The 1992 Agreement was
extended on two subsequent occasions, the most recent of which extended its
effectiveness until August 18, 1998, or such earlier date as was mutually
agreed upon by the members of the Group. On December 8, 1997, the members
of the Group entered into an Agreement of Termination, pursuant to which the
1992 Agreement was terminated on that date. The effectiveness of such
termination also terminates the irrevocable proxies previously granted by
each member of the Group.
Each member of the Group is filing with the Commission his or her
individual statement on Schedule 13D, containing the information required by
the applicable rules. Effective as of December 8, 1997, the Group has
ceased to exist as such.
SIGNATURES
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
/S/ RICHARD S. KEYS
Richard S. Keys
/S/ JOSEPH C. KEYS
Joseph C. Keys
/S/ JOANN S. COUSINO
JoAnn S. Cousino
Date: December 16, 1997
