SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) and (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 4 )*
The Leather Factory, Inc.
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(Name of Issuer)
Common Stock, $.0024, Par Value
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(Title of Class of Securities)
522126101
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(CUSIP Number)
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*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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1 of 5 pages
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CUSIP No. 522126101 13G
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1. NAME OF REPORTING PERSON(S)
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S) (Entities only)
Ronald C. Morgan
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
Not Applicable
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5. SOLE VOTING POWER
SHARES 96,595
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 3,157,339
REPORTING --------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 0
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8. SHARED DISPOSITIVE POWER
3,253,934
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,253,934
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
33.0%
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12. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 Pages
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13G
Item 1. (a) Name of Issuer:
The Leather Factory, Inc.
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(b) Address of Issuer's Principal Executive Offices:
3847 East Loop 820 South, Fort Worth, Texas 76119
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Item 2. (a) Name of Person Filing:
Ronald C. Morgan
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(b) Address of Principal Business Office, or if None, Residence:
3847 East Loop 820 South, Fort worth, Texas 76119
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(c) Citizenship:
United States
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(d) Title of Class of Securities:
Common Stock, $0.0024 par value
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(e) CUSIP Number:
522126101
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Item 3. Type of Reporting Person:
Not Applicable
Page 3 of 5 Pages
<PAGE>
13-G
Item 4. Ownership.
(a) Amount beneficially owned: Shares of Common Stock 3,253,934
-------------------------------------,
Direct(1) 3,109,300
-------------------------------------,
Indirect(2) 144,634
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(b) Percent of class: 33.0%
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 96,595
-----------------,
(ii) Shared power to vote or to direct the vote 3,157,339
--------------,
(iii) Sole power to dispose or to direct the disposition of
0
-------------------------------------------------------,
(iv) Shared power to dispose or to direct the disposition of
3,253,934
--------------------------------------------------, and
(d) Shares which there is a right to acquire: 0
----------------------.
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
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(1) The shares reflected as directly owned are held with spouse, Robin L.
Morgan, in Joint Tenancy (community property).
(2) The reporting person disclaims beneficial ownership in regards to 48,039
shares of these securities which are indirectly held by said person, and
this report shall not be deemed an admission that the reporting person is
the beneficial owner of such securities for purposes of Section 16 or for
any other purpose.
Page 4 of 5 Pages
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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: February 12, 1998
/s/ Ronald C. Morgan
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Ronald C. Morgan
* Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
Page 5 of 5 Pages
