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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. 11)*
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 31, 2006
------------------------------
(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** and William
Kaplan 2006 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 Amendment No. 3 to Schedule 13G with respect to the
subject class of securities.
*** 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 (3-06)
________________________________________________________________________________
CUSIP NO. 00086T 10 3 SCHEDULE 13G Page 2 of 8
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William Kaplan
________________________________________________________________________________
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
United States of America
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 2,000,000 shares (See Item 4)
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0 shares
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 2,000,000 shares (See Item 4)
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 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)
10.1% (See Item 4)
________________________________________________________________________________
12. TYPE OF REPORTING PERSON (See Instructions)
IN
________________________________________________________________________________
________________________________________________________________________________
CUSIP NO. 00086T 10 3 SCHEDULE 13G Page 3 of 8
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. 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
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 0 shares
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0 shares
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0 shares
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0 shares
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
________________________________________________________________________________
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)
0%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON (See Instructions)
00
________________________________________________________________________________
________________________________________________________________________________
CUSIP NO. 00086T 10 3 SCHEDULE 13G Page 4 of 8
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William Kaplan 2006 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
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 1,740,699 shares (See Item 4)
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0 shares
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,740,699 shares (See Item 4)
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0 shares
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,740,699 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)
8.8% (See Item 4)
________________________________________________________________________________
12. TYPE OF REPORTING PERSON (See Instructions)
00
________________________________________________________________________________
Page 5 of 8
Item 1(a) Name of Issuer:
---------------
A.C. Moore Arts & Crafts, Inc. (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive Offices:
------------------------------------------------
130 A.C. Moore Drive, Berlin, NJ 08009
Item 2(a) Name of Person Filing:
----------------------
William Kaplan, The 2004 William Kaplan GRAT and the William
Kaplan 2006 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.,
130 A.C. Moore Drive,
Berlin, NJ 08009
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
William Kaplan 2006 GRAT: c/o Anne L. Stallman, 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
William Kaplan 2006 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
Page 5 of 8
Item 4 Ownership:
----------
(a) Amount beneficially owned: As of March 31, 2006,
William Kaplan beneficially owned 2,000,000 shares*
of common stock of the Issuer.
As of March 31, 2006, The 2004 William Kaplan GRAT
beneficially owned 0 shares of common stock of the
Issuer.
As of March 31, 2006, the William Kaplan 2006 GRAT
beneficially owned 1,740,699 shares of common stock
of the Issuer.
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 - 10.1%
The 2004 William Kaplan GRAT - 0%
William Kaplan 2006 GRAT - 8.8%
(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 - 2,000,000 shares*** of
common stock of the Issuer;
The 2004 William Kaplan GRAT - 0 shares of
common stock of the Issuer;
William Kaplan 2006 GRAT - 1,740,699 shares
of common stock of the Issuer;
---------
* Includes 259,301 shares owned of record by the William Kaplan 2005 GRAT (the
"2005 GRAT") and 1,740,699 shares owned of record by the William Kaplan 2006
GRAT (the "2006 GRAT" and together with the 2005 GRAT, the "GRATs"). By virtue
of William Kaplan's position as Investment Trustee of each of the GRATs, William
Kaplan has the power to vote and dispose, and therefore may be deemed to be the
beneficial owner of the shares owned of record by the GRATs.
** Percentages are based on 19,852,075 shares of common stock of the Issuer
outstanding as of March 6, 2006, as reported in the Issuer's annual report on
Form 10-K for the year ended December 31, 2005 filed with the Securities and
Exchange Commission on March 13, 2006.
*** 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 259,301 shares of common stock
of the Issuer as the Investment Trustee of the 2005 GRAT and 1,740,699 shares of
common stock of the Issuer as the Investment Trustee of the 2006 GRAT.
Page 6 of 8
(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;
William Kaplan 2006 GRAT - 0 shares of
common stock of the Issuer;
(iii) sole power to dispose or to direct the
disposition of:
William Kaplan - 2,000,000 shares*** of
common stock of the Issuer;
The 2004 William Kaplan GRAT - 0 shares of
common stock of the Issuer;
William Kaplan 2006 GRAT - 1,740,699 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;
The 2004 William Kaplan GRAT - 0 shares of
common stock of the Issuer.
William Kaplan 2006 GRAT - 0 shares of
common stock of the Issuer;
Item 5 Ownership of Five Percent or Less of a Class:
---------------------------------------------
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ X ].****
Item 6 Ownership of More Than Five Percent on Behalf of Another
--------------------------------------------------------
Person:
-------
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
----------------------------------------------p----------
Acquired the Security Being Reported on by the Parent Holding
-------------------------------------------------------------
Company:
--------
Not Applicable
---------------
**** The 2004 William Kaplan GRAT has ceased to be the beneficial owner of more
than five percent of the subject class of securities.
Page 7 of 8
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 and the William Kaplan 2006 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 or the William Kaplan 2006 GRAT and are
not held by The 2004 William Kaplan GRAT or the William Kaplan
2006 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 or the
William Kaplan 2006 GRAT and are not held by The 2004 William
Kaplan GRAT or the William Kaplan 2006 GRAT in connection with
or as a participant in any transaction having that purpose or
effect.
Page 8 of 8
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: April 10, 2006 By: /s/ William Kaplan
---------------------------------
Name: William Kaplan
THE 2004 WILLIAM KAPLAN GRAT
Date: April 10, 2006 By: /s/ William Kaplan
---------------------------------
Name: William Kaplan
Title: Investment Trustee
WILLIAM KAPLAN 2006 GRAT
Date: April 10, 2006 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, The 2004 William Kaplan
GRAT and the William Kaplan 2006 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: April 10, 2006 By: /s/ William Kaplan
---------------------------------
Name: William Kaplan
THE 2004 WILLIAM KAPLAN GRAT
Date: April 10, 2006 By: /s/ William Kaplan
---------------------------------
Name: William Kaplan
Title: Investment Trustee
WILLIAM KAPLAN 2006 GRAT
Date: April 10, 2006 By: /s/ William Kaplan
---------------------------------
Name: William Kaplan
Title: Investment Trustee