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SCHEDULE 13D - INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13D-2(A).*
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*As amended by Releases No. 34-15457, dated January 4, 1979, effective February
14, 979 (as corrected by Release No. 34-15457A, dated February 25, 1979) and
No. 34-14384, dated November 29, 1979, effective January 5, 1980. - Editor.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
CROWN CASINO CORPORATION
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
228216 10 7
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(CUSIP Number)
HELEN T. FERRARO
SMITH, GAMBRELL & RUSSELL, LLP
3343 PEACHTREE ROAD, NE
SUITE 1800
ATLANTA, GEORGIA 30326
(404) 264-2620
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
APRIL 30, 1995
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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-1(b)(3) or (4), check the following box
[ ].
Check the following box if a fee is being paid with this 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-1(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 period.
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 and
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.)
(Continued on following pages)
Page 1 of 4 Pages
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CUSIP No. 228216 10 7 13D Page 2 of 4 Pages
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1. NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
GERALD L. ADAMS
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
3. SEC USE ONLY
4. SOURCE OF FUNDS*
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [ ]
N/A
6. CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
NUMBER 7. SOLE VOTING POWER
OF SHARES
BENEFICIALLY 555,000
OWNED BY
EACH
REPORTING
PERSON
WITH
8. SHARED VOTING POWER
0
9. SOLE DISPOSITIVE POWER
555,000
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
555,000
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
N/A
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.6%
14. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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AMENDMENT NO. 2 TO SCHEDULE 13D OF
GERALD L. ADAMS
IN CONNECTION WITH SECURITIES OF
CROWN CASINO CORPORATION
The Schedule 13D of Gerald L. Adams is hereby amended as follows:
Item 5. Interest in Securities of the Issuer.
(a) As of April 30, 1995, Mr. Adams beneficially owned in the
aggregate 555,000 shares or 4.6% of the outstanding Common Stock of the Issuer
on such date. Since the date of the previous amendment to the Schedule 13D, Mr.
Adams disposed of an aggregate of 200,000 shares of the Issuer and was granted
additional stock options. The purpose of this filing is to update Mr. Adams's
beneficial ownership which has decreased due to the significant increase in the
number of outstanding shares of the Issuer.
(b) Mr. Adams possesses sole voting and dispositive power with
respect to all 555,000 shares of Common Stock of the Issuer reported herein. Mr.
Adams does not share with any other person voting or dispositive power with
respect to any shares of such Common Stock.
(c) On April 10, 1995, Mr. Adams sold 10,000 shares of the Issuer's
Common Stock at the price of $3.875 per share; on April 12, 1995, Mr. Adams sold
50,000 shares of the Issuer's Common Stock at the price of $3.9375 per share;
and on April 13, 1995, Mr. Adams sold 40,000 shares of the Issuer's Common Stock
at the price of $3.9375 per share. All of these transactions were effected in
the open market.
(d) Not applicable.
(e) As of the end of the Issuer's 1995 fiscal year (April 30,
1995), Mr. Adams owned less than 5% of the Issuer's outstanding securities.
Page 3 of 4
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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.
Date: August 25, 1997 /s/ Gerald L. Adams
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Gerald L. Adams
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