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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.1)*
ACR Group, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
#00087B 10 1
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(CUSIP Number)
Mr. Thomas W. Courtney, Backbone Rd., Sewickley, PA 15143 (412) 741-0754
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
March 26, 1997
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(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-l(b)(3) or (4), check the following box |_|.
Check the following box if a fee is being paid with the statement |_|. (A fee
is not required only if the reporting 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.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-l(a) for other parties to whom copies are to
be sent.
*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
disclosures provided in a prior cover page.
The information required on 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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SCHEDULE 13D
CUSIP NO.
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas W. Courtney S.S. No. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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7 SOLE VOTING POWER
NUMBER OF 909,900 shares of common stock.
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 909,900 shares of common stock.
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
909,900 shares of common stock.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.77%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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ITEM 1. SECURITY AND ISSUER
Title and Class of Equity Securities: Common Stock $.01 Par Value of
ACR Group, Inc.
Names and addresses of principal executive offices of ACR Group, Inc.:
ACR Group, Inc.
3200 Wilcrest, Suite 440
Houston, Texas 77042
ITEM 2. IDENTITY AND BACKGROUND
(a) Name: Thomas W. Courtney
(b) Residence Address: P. O. Box 8186
Naples, Florida 33941
(c) Present principal occupation or employment, and name, principal
business and address of organization of employment:
Retired
Thomas Courtney
833 Wyndemere Way
Naples, Florida 34105
(941) 435-3559
(d) Convicted in a criminal proceeding during the last five years:
No
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(e) Party to a civil proceeding within the last five years
resulting in a judgement or final order related to securities
laws:
No
(f) Citizenship:
U.S.A.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Not applicable to transaction reported in Section 5(c).
ITEM 4. PURPOSE OF TRANSACTION
Not applicable.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Aggregate number and percentage of Common Stock beneficially owned
by reporting person:
909,900; 8.7% of class
Aggregate number and percentage of Common Stock beneficially
owned by persons who, together with the reporting person,
comprise a group:
Not applicable.
(b) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 909,900
(ii) shared power to vote or to direct the vote: None
(iii) sole power to dispose or to direct disposition of:
909,900
(iv) shared power to dispose or to direct disposition of: None
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(c) Transactions in Common Stock effected during last 60 days or
since most recent filing on Schedule 13D:
Reporting person sold 400,000 shares at $2.75 per share
on March 26, 1997 to certain entities in a private
transaction.
(d) Any other person known to have right to receive or power to
direct receipt of dividends from, or proceeds from sale of,
the Common Stock:
Not appliciable
(e) Date on which reporting person ceased to be beneficial owner of
more than five percent of the Common Stock:
March 26, 1997
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
None
ITEM 7. EXHIBITS
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.
April 17, 1997 /s/ THOMAS W. COURTNEY
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Thomas W. Courtney
