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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. 2)(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
JANUARY 5, 2000
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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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(1) 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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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
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NUMBER OF 7 SOLE VOTING POWER
SHARES 957,820
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER
0
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9 SOLE DISPOSITIVE POWER
957,820
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,820
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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)
6.2%
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14 TYPE OF REPORTING PERSON
IN
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AMENDMENT NO. 2 TO SCHEDULE 13D
The Schedule 13D of Robert D. Carl, III, dated November 8, 1999, as
amended on November 12, 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 957,820 Shares (including Shares
that may be acquired by him pursuant to the exercise of the
Debentures held by him), representing 6.2% 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 Amendment No. 1 to Schedule 13D on November 12, 1999.
<TABLE>
<CAPTION>
Date of Number or Principal Price Per Share or $100
Transaction Type of Transaction Type of Securities Amount Principal Amount
----------- ------------------- ------------------ ------ ----------------
<S> <C> <C> <C> <C>
01/04/00 Open Market Sale Shares 50,000 $ 0.5589
01/05/00 Open Market Sale Shares 161,010 $ 0.9666
01/06/00 Open Market Sale Shares 5,000 $0.90625
</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: January 11, 2000
/s/ Robert D. Carl, III
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Robert D. Carl, III
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