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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
A.C. MOORE ARTS & CRAFTS, INC.
------------------------------
(Name of Issuer)
Common Stock, no par value
--------------------------
(Title of Class of Securities)
00086T 10 3
-----------
(CUSIP Number)
March 15, 2004
--------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c) (The 2004 William Kaplan GRAT**)
[X] Rule 13d-1(d) (William Kaplan)
* 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.
** Joins filing as its initial Schedule 13G with respect to the subject class of
securities.
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).
Persons who respond to the collection of information contained in this form are
not required to respond unless the form displays a currently valid OMB control
number.
SEC 1745 (12-02)
Page 1 of 7
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CUSIP NO. 00086T 10 3 Schedule 13G Page 2 of 7
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
William Kaplan
--------- ---------------------------------------------------------------------------------- ----------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
------------------------ ------- ----------------------------------------------------------------------------------
5 SOLE VOTING POWER
2,500,162 shares (See Item 4)
NUMBER OF SHARES ------- ----------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0 shares
EACH ------- ----------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH: 2,500,162 shares (See Item 4)
------- ----------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
------------------------ ------- ----------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,500,162 shares (See Item 4)
--------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
--------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.9% (See Item 4)
--------- ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
IN
--------- ---------------------------------------------------------------------------------------------------------
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CUSIP NO. 00086T 10 3 Schedule 13G Page 3 of 7
---------------------------------------- -------------------------------------
--------- ---------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
The 2004 William Kaplan GRAT
--------- ---------------------------------------------------------------------------------- ----------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) |_|
(b) |_|
--------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------- ---------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
------------------------ ------- ----------------------------------------------------------------------------------
5 SOLE VOTING POWER
2,000,000 shares (See Item 4)
NUMBER OF SHARES ------- ----------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0 shares
EACH ------- ----------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH: 2,000,000 shares (See Item 4)
------- ----------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
------------------------ ------- ----------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,000,000 shares (See Item 4)
--------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
--------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.3% (See Item 4)
--------- ---------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
00
--------- ---------------------------------------------------------------------------------------------------------
Page 4 of 7
Item 1(a) Name of Issuer:
--------------
A.C. Moore Arts & Crafts, Inc. (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
500 University Court, Blackwood, NJ 08012
Item 2(a) Name of Person Filing:
---------------------
William Kaplan and The 2004 William Kaplan GRAT (collectively,
the "Reporting Persons")
Item 2(b) Address of Principal Business Office or, if none, Residence:
-----------------------------------------------------------
William Kaplan: c/o A.C. Moore Arts & Crafts, Inc., 500
University Court, Blackwood, NJ 08012
The 2004 William Kaplan GRAT: c/o Jane T. Monahan, V.P., J.P.
Morgan Trust Company of Delaware, 500 Stanton Christiana Road,
Newark, DE 19713
Item 2(c) Citizenship:
-----------
William Kaplan: United States of America
The 2004 William Kaplan GRAT: State of Delaware
Item 2(d) Title of Class of Securities:
----------------------------
Common Stock, no par value
Item 2(e) CUSIP Number:
------------
00086T 10 3
Item 3 Not Applicable
Item 4 Ownership:
---------
(a) Amount beneficially owned: As of March 15, 2004,
William Kaplan beneficially owned 2,500,162 shares*
of common stock of the Issuer.
As of March 15, 2004, The 2004 William Kaplan GRAT
beneficially owned 2,000,000 shares of common stock
of the Issuer.
----------
* By virtue of William Kaplan's position as Investment Trustee of The 2004
William Kaplan GRAT, William Kaplan has the power to vote and dispose, and
therefore may be deemed to be the beneficial owner of 2,000,000 shares owned of
record by The 2004 William Kaplan GRAT.
Page 5 of 7
The filing of this Schedule 13G shall not be
construed as an admission that (a) the Reporting
Persons are, for purposes of Section 13(d) or 13(g)
of the Securities Exchange Act of 1934, as amended,
the beneficial owners of any equity securities
covered by this Schedule 13G or (b) that this
Schedule 13G is legally required to be filed by the
Reporting Persons.
(b) Percent of class: **
William Kaplan - 12.9%
The 2004 William Kaplan GRAT - 10.3%
(c) Number of shares as to which each of the Reporting
Persons has:
(i) sole power to vote or to direct the vote:
William Kaplan - 2,500,162 shares*** of
common stock of the Issuer;
The 2004 William Kaplan GRAT - 2,000,000
shares of common stock of the Issuer;
(ii) shared power to vote or to direct the vote:
William Kaplan - 0 shares of common stock
of the Issuer;
The 2004 William Kaplan GRAT - 0 shares
of common stock of the Issuer;
(iii) sole power to dispose or to direct the
disposition of:
William Kaplan - 2,500,162 shares*** of
common stock of the Issuer;
The 2004 William Kaplan GRAT - 2,000,000
shares of common stock of the Issuer;
(iv) shared power to dispose or to direct the
disposition of:
William Kaplan - 0 shares of common stock
of the Issuer; and
The 2004 William Kaplan GRAT - 0 shares of
common stock of the Issuer.
----------
** Percentages are based on 19,376,481 shares of common stock of the Issuer
outstanding as of March 10, 2004, as reported in the Issuer's annual report on
Form 10-K for the year ended December 31, 2003 filed with the Securities and
Exchange Commission on March 12, 2004.
*** William Kaplan has the sole power (i) to vote or to direct the vote of and
(ii) to dispose or to direct the disposition of 2,000,000 shares of common stock
of the Issuer as the Investment Trustee of The 2004 William Kaplan GRAT.
Page 6 of 7
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
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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, William Kaplan, as Investment Trustee of
The 2004 William Kaplan GRAT, certify that, to the best of my
knowledge and belief, the securities referred to above were
not acquired by The 2004 William Kaplan GRAT and are not held
by The 2004 William Kaplan GRAT for the purpose of or with the
effect of changing or influencing the control of the issuer of
the securities and were not acquired by The 2004 William
Kaplan GRAT and are not held by The 2004 William Kaplan GRAT
in connection with or as a participant in any transaction
having that purpose or effect.
Page 7 of 7
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: March 23, 2004 By: /s/ William Kaplan
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Name: William Kaplan
THE 2004 WILLIAM KAPLAN GRAT
Date: March 23, 2004 By: /s/ William Kaplan
-------------- --------------------------
Name: William Kaplan
Title: Investment Trustee
Exhibit 1
Joint Filing Agreement
This Amendment to Schedule 13G (the "Statement") is filed on behalf of
each of the following reporting persons: William Kaplan and The 2004 William
Kaplan GRAT (individually, a "Reporting Person" and, collectively, the
"Reporting Persons"). Each Reporting Person hereby agrees and consents to the
joint filing of the Statement on behalf of each Reporting Person pursuant to
Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended
(the "Exchange Act"). Each Reporting Person represents that he or it, as the
case may be, is eligible to file the Statement. Each Reporting Person
understands that he or it, as the case may be, is responsible for the timely
filing of the Statement and any amendments thereto and for the completeness and
accuracy of the information concerning such Reporting Person contained in the
Statement; each Reporting Person understands that he or it, as the case may be,
is not responsible for the completeness or accuracy of the information
concerning the other Reporting Person making this filing unless such Reporting
Person knows or has reason to believe that such information is inaccurate. This
Joint Filing Agreement and the filing of the Statement shall not be construed as
an admission that any of the Reporting Persons is a member of a "group"
consisting of one or more of such Reporting Persons for the purposes of Section
13(d) or 13(g) of the Exchange Act. This Statement and this Joint Filing
Agreement may be executed in more than one counterpart.
Date: March 23, 2004 By: /s/ William Kaplan
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Name: William Kaplan
THE 2004 WILLIAM KAPLAN GRAT
Date: March 23, 2004 By: /s/ William Kaplan
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Name: William Kaplan
Title: Investment Trustee