<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. 4)
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
JEFFREY A. 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: 364,750
NUMBER OF
SHARES
BENEFICIALLY 6 SHARED VOTING POWER: 55,500**
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER: 364,750
PERSON
WITH
8 SHARED DISPOSITIVE POWER: 55,500**
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
420,250
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
17.01%
12 TYPE OF REPORTING PERSON
IN
_______________
** Of these 55,500 shares, 8,000 are held by my son, Joseph E.
Cole II, 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 my son, Joseph E. Cole II, 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: Jeffrey A. Cole
- ---------
Item 2(b). Address of Principal Business Office:
- ---------
5915 Landerbrook Drive
Cleveland, Ohio 44124
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: 420,250 shares**
b) Percent of class: 17.01%
c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote: 364,750
(ii) shared power to vote or to direct the
vote: 55,500***
(iii) sole power to dispose or to direct the
disposition of: 364,750
(iv) shared power to dispose or to direct
the disposition of: 55,500***
** Includes 8,000 shares owned by son, Joseph E. Cole II, and
47,500 shares owned by 31100 Solon Road, Inc., a corporation
owned equally by Stephan W. Cole, Richard F. Bern and Stephan
W. Cole as custodian for my son, Joseph E. Cole II, under the
Ohio Transfers to Minors Act. I disclaim beneficial ownership
of those shares held by my son and by 31100 Solon Road, Inc.
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Page 4 of 4 Pages
*** Of these 55,500 shares, 8,000 are shares held by
my son, Joseph E. Cole II, and 47,500 are shares
owned by 31100 Solon Road, Inc., a corporation
owned equally by Stephan W. Cole, Richard F. Bern
and Stephan W. Cole as custodian for my son,
Joseph E. Cole II, 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/ Jeffrey A. Cole
------------------------------
Jeffrey A. Cole
February 10, 1995