<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 5)
American Consumer Products, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock with a par value of $.10 each
- --------------------------------------------------------------------------------
(Title of Class of Securities)
025236 10 0
-----------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement / /.
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial ownership of
five percent or less of such class.) (See Rule 13d-7.)
Page 1 of 4 Pages
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CUSIP NO. 025236 10 0 13G Page 2 of 4 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
STEPHAN W. COLE
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
Not Applicable
(b) / /
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
5 SOLE VOTING POWER: 504,019
NUMBER OF
SHARES
BENEFICIALLY 6 SHARED VOTING POWER: 109,027**
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER: 504,019
PERSON
WITH
8 SHARED DISPOSITIVE POWER: 109,027**
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
613,046
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / /
Not Applicable
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
24.81%
12 TYPE OF REPORTING PERSON
IN
_______________
** Of these 109,027 shares, 61,527 shares are held in trust for the
benefit of my children and 47,500 shares are owned by 31100 Solon Road,
Inc., a corporation owned equally by Stephan W. Cole, Richard F. Bern and
Stephan W. Cole as custodian for Joseph E. Cole II, the son of Jeffrey A.
Cole, under the Ohio Transfers to Minors Act.
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Page 3 of 4 Pages
SCHEDULE 13G
Item 1(a). Name of Issuer: American Consumer Products, Inc.
----
Item 1(b). Address of Issuer's Principal Executive Offices:
----
31100 Solon Road
Solon, Ohio 44139
Item 2(a). Name of Person Filing: Stephan W. Cole
- ---------
Item 2(b). Address of Principal Business Office:
- ---------
31100 Solon Road
Solon, Ohio 44139
Item 2(c). Citizenship: United States
- ---------
Item 2(d). Title of Class of Securities: Common Stock with a
- --------- par value of $.10 each
Item 2(e). CUSIP Number: 025236 10 0
- ---------
Item 3. Rules 13d-1(b) and 13d-2(b): Not Applicable
- ------
Item 4. Ownership:
- ------ a) Amount beneficially owned: 613,046 shares**
b) Percent of class: 24.81%
c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote: 504,019
(ii) shared power to vote or to direct the
vote: 109,027***
(iii) sole power to dispose or to direct the
disposition of: 504,019
(iv) shared power to dispose or to direct
the disposition of: 109,027***
** Of these 613,046 shares of Common Stock, I
disclaim beneficial ownership of 61,527 of these
shares of Common Stock that are held in trust for
the benefit of my children.
*** Of these 109,027 shares, 61,527 shares are held in
trust for the benefit of my children and 47,500
shares are owned by 31100 Solon Road, Inc., a
Corporation owned equally by Stephan W. Cole,
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Page 4 of 4 Pages
Richard F. Bern and Stephan W. Cole as custodian
for Joseph E. Cole II, the son of Jeffrey A. Cole,
under the Ohio Transfers to Minors Act. If the
47,500 shares owned by 31100 Solon Road, Inc.
were allocated in proportion to the ownership of
that corporation, each of Stephan W. Cole,
Richard F. Bern and Stephan W. Cole as custodian
for Joseph E. Cole II would own one-third of the
47,500 shares or 15,833 1/3 shares each.
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.
/s/ Stephan W. Cole
------------------------------
Stephan W. Cole
February 10, 1995
