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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(RULE 13D-1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13D-1(A) AND
AMENDMENTS THERETO FILED PURSUANT TO 13D-2(A)
(AMENDMENT NO. 1)(1)
TOPS APPLIANCE CITY, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
890910-102
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(CUSIP Number)
ROBERT D. CARL, III
8300 DUNWOODY PLACE, SUITE 209
ATLANTA, GEORGIA 30350
(770) 518-9020
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
COPY TO:
GABRIEL DUMITRESCU, ESQ.
POWELL, GOLDSTEIN, FRAZER & MURPHY LLP
191 PEACHTREE ST., N.E., 16TH FLOOR
ATLANTA, GEORGIA 30303
(404) 572-6000
NOVEMBER 11, 1999
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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 [ ].
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.
(Continued on the following pages)
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(2) 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 "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 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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CUSIP NO. 890910-102 13D PAGE 2 OF 6 PAGES
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<TABLE>
<S> <C> <C>
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Robert D. Carl, III
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [X]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
</TABLE>
<TABLE>
<S> <C> <C>
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,173,830
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER
0
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9 SOLE DISPOSITIVE POWER
1,173,830
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10 SHARED DISPOSITIVE POWER
0
</TABLE>
<TABLE>
<S> <C>
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,173,830
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
Excludes 200 shares of Common Stock of the Issuer held by Mary Ann
Carl, Mr. Carl's mother. Mr. Carl disclaims beneficial ownership of the
shares held by his mother.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.6%
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14 TYPE OF REPORTING PERSON
IN
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</TABLE>
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AMENDMENT NO. 1 TO SCHEDULE 13D
The Schedule 13D of Robert D. Carl, III, dated November 8, 1999,
relating to the Common Stock, no par value (the "Shares"), of Tops Appliance
City, Inc. (the "Issuer") is hereby amended as set forth herein. Unless
otherwise indicated, each capitalized term not defined herein has the same
meaning assigned to such term in the original Schedule 13D.
ITEM 5 IS HEREBY DELETED IN ITS ENTIRETY, AND THE FOLLOWING NEW ITEM 5 IS
HEREBY SUBSTITUTED IN ITS PLACE:
Item 5. Interest in Securities of Issuer
(a) Mr. Carl beneficially owns 1,173,830 Shares (including Shares
that may be acquired by him pursuant to the exercise of the
Debentures held by him), representing 7.6% of the outstanding
Shares of Issuer. The Shares reported as beneficially owned
by Mr. Carl do not include 200 Shares held by Mary Ann Carl,
Mr. Carl's mother. Mr. Carl does not have sole or shared
voting or dispositive power over such Shares and, therefore,
disclaims beneficial ownership of such Shares.
(b) Mr. Carl has sole voting and dispositive power over the
Shares beneficially owned by him.
(c) The following sets forth the information concerning
transactions in Shares effected by Mr. Carl since the filing
of the original Schedule 13D on November 8, 1999.
<TABLE>
<CAPTION>
Date of Number or Principal Price Per Share or $100
Transaction Type of Transaction Type of Securities Amount Principal Amount
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<S> <C> <C> <C> <C>
11/09/99 Open Market Sale Shares 50,000 $ 1.2731
11/10/99 Open Market Purchase Shares 300,000 $1.21875
11/10/99 Open Market Purchase Shares 50,000 $ 1.375
11/11/99 Open Market Purchase Shares 100,000 $ 1.250
</TABLE>
(d) Not applicable.
(e) Not applicable.
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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.
Date: November 11, 1999
/s/ Robert D. Carl, III
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Robert D. Carl, III
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