1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 A C MOORE ARTS & CRAFTS INC ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, No par value ------------------------------------------------------------------------------- (Title of Class of Securities) 00086T103 -------------------------------------------- (CUSIP Number) December 31, 2005 ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) Page 1 of 8 pages ----------------------- CUSIP No. 00086T103 13G ----------------------- ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person The Bank of New York Co., Inc ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] ------------------------------------------------------------------------------ 3. SEC Use Only ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 2,046,907 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 2,046,907 ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,046,907 ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 10.31% ------------------------------------------------------------------------------ 12. Type of Reporting Person CO ------------------------------------------------------------------------------ Page 2 of 8 pages ----------------------- CUSIP No. 00086T103 13G ----------------------- ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person The Bank of New York ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] ------------------------------------------------------------------------------ 3. SEC Use Only ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization New York ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 2,046,907 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 2,046,907 ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,046,907 ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 10.31% ------------------------------------------------------------------------------ 12. Type of Reporting Person BK ------------------------------------------------------------------------------ Page 3 of 8 pages Item 1(a). Name of Issuer: A C MOORE ARTS & CRAFTS INC Item 1(b). Address of Issuer's Principal Executive Offices: 130 A.C. Moore Drive Berlin, NJ 08009 Item 2(a). Name of Persons Filing: The Bank of New York Co., Inc The Bank of New York Item 2(b). Address of Principal Business Office or, if none, Residence: One Wall Street New York, NY 10004 Item 2(c). Citizenship: The Bank of New York Co., Inc - Delaware The Bank of New York - New York Item 2(d). Title of Class of Securities: Common Stock, no par value Item 2(e). CUSIP Number: 00086T103 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a : (a).[_] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b).[X] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c).[_] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d).[_] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e).[_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f).[_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g).[X] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h).[_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i).[_] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j).[_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Page 4 of 8 pages Item 4. Ownership. * (a). Amount beneficially owned: 2,046,907 (b). Percent of Class: 0 (c). Number of shares as to which such person has: (i). Sole power to vote or to direct the vote: 0 (ii). Shared power to vote or to direct the vote: 2,046,907 (iii). Sole power to dispose or to direct the disposition of: 0 (iv). Shared power to dispose or to direct the disposition of: 2,046,907 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. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. -------------------------- Page 5 of 8 pages 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 14, 2006 The Bank of New York Co., Inc By: ---------------------------------------- Name: Steven Pisarkiewicz Attorney-in-fact The Bank of New York By: ---------------------------------------- Name: Steven Pisarkiewicz Title: Executive Vice President Page 6 of 8 pages Exhibit A Exhibit A JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, no par value, of A.C. Moore Arts & Crafts Inc. and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 14th day of February, 2006. Dated: February 14, 2006 The Bank of New York Company, Inc. By: /s/ Steven Pisarkiewicz ------------------------------ Steven Pisarkiewicz Attorney-in-Fact The Bank of New York Dated: February 14, 2006 By: /s/ Steven Pisarkiewicz ------------------------------ Steven Pisarkiewicz Executive Vice President Page 7 of 8 pages Exhibit B Power of Attorney KNOW ALL PERSONS BY THESE PRESENTS that The Bank of New York Company, Inc. (the Company) does hereby make, constitute and appoint each of Leslie Godridge, Steven Pisarkiewicz, and Kevin Bannon (and any other employee of The Bank of New York or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf, whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended (the Act), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Bank of New York or one of its affiliates. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of December 5, 2005. The Bank of New York Company, Inc. By:/s/ John M. Liftin ---------------------------------- Name: John M. Liftin Title: Vice Chairman, General Counsel, and Secretary Page 8 of 8 pages