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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. __________)*
ASSET ACCEPTANCE CAPITAL CORP.
Common Stock, $0.01 par value per share
04543P100
February 14, 2005
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| o | Rule 13d-1(b) | |
| o | Rule 13d-1(c) | |
| x | Rule 13d-1(d) |
* 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).
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)
| CUSIP No. 04543P100 | 13 G | Page 3 of 6 Pages | ||
| 1. | Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only). Heather Reitzel Revocable Living Trust, Heather Reitzel Trustee |
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) x
(b) o
| 3. | SEC Use Only |
| 4. | Citizenship or Place of Organization United States of America |
| 5. | Sole Voting Power | |||
| 2,695,464 |
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| Number of | 6. | Shared Voting Power | ||
| Shares | 993,065 | |||
| Beneficially |
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| Owned by Each | 7. | Sole Dispositive Power | ||
| Reporting | 2,695,464 | |||
| Person |
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| With: | 8. | Shared Dispositive Power | ||
| 993,065 | ||||
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| 9. | Aggregate Amount Beneficially Owned by Each
Reporting Person 3,688,529 |
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| 10. | Check if the Aggregate Amount
in Row (9) Excludes
Certain Shares (See Instructions) |
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| 11. | Percent of Class Represented
by Amount In Row (9) 9.9% |
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| 12. | Type of Reporting Person (See
Instructions) IN |
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Item 1.
| (a) | Name of Issuer: | |||
| Asset Acceptance Capital Corp. | ||||
| (b) | Address of Issuer’s Principal Executive Offices: | |||
| 28405 Van Dyke Avenue Warren, Michigan 48093 |
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Item 2.
| (a) | Name of Person Filing: | |||
| Heather Reitzel Revocable Living Trust, Heather Reitzel Trustee | ||||
| (b) | Address of Principal Business Office or, if none, Residence: | |||
| 28405 Van Dyke Avenue Warren, Michigan 48093 |
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| (c) | Citizenship: | |||
| United States of America | ||||
| (d) | Title of Class of Securities | |||
| Common Stock, $0.01 par value per share | ||||
| (e) | CUSIP Number | |||
| 04543P100 | ||||
Item 3. If this Statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
| (a) | o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). | |||
| (b) | o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). | |||
| (c) | o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). | |||
| (d) | o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). | |||
| (e) | o An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E). | |||
| (f) | o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). | |||
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| (g) | o A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G). | |||
| (h) | o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). | |||
| (i) | o 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) | o Group, in accordance with §240.13d-1(b)(1)(ii)(J). | |||
Item 4. Ownership.
| (a) | Amount beneficially owned: | |||
| Heather Reitzel is the beneficial owner of 3,688,529 shares of common stock of the issuer. Of the 3,688,529 shares of common stock (i) 2,695,464 shares of common stock of the issuer are held by the Heather Reitzel Revocable Living Trust, of which Mrs. Reitzel is the sole trustee; (ii) 198,613 shares of common stock of the issuer are held by the Lisa R. Bradley Trust, of which Mrs. Reitzel and her spouse are co-trustees; (iii) 198,613 shares of common stock of the issuer are held by the James Reitzel Trust, of which Mrs. Reitzel and her spouse are co-trustees; (iv) 198,613 shares of common stock of the issuer are held by the Stacey James Reitzel Trust, of which Mrs. Reitzel and her spouse are co-trustees; (v) 198,613 shares of common stock of the issuer are held by the Tracey Reitzel Trust, of which Mrs. Reitzel and her spouse are co-trustees; and (vi) 198,613 shares of common stock of the issuer are held by the Heather Reitzel Irrevocable Trust, of which Mrs. Reitzel and her spouse are co-trustees. Mrs. Reitzel disclaims beneficial ownership of these shares except to the extent of Mrs. Reitzel’s pecuniary interest therein. | ||||
| (b) | Percent of class: See Paragraph 11 of page 2 of this Schedule 13G. (For purposes of these percentages, the Reporting Persons have used 37,225,275 shares as of the number of outstanding shares of common stock of the issuer. This number comes from the cover page of the issuer’s 10-K filed with the Securities and Exchange Commission on March 25, 2004 as the number of shares of common stock outstanding.) | |||
| (c) | Number of shares as to which the person has: | |||
| (i) | Sole power to vote or direct the vote | |||
| See Paragraph 5 of page 2 of this Schedule 13G. | ||||
| (ii) | Shared power to vote or to direct the vote | |||
| See Paragraph 6 of page 2 of this Schedule 13G. | ||||
| (iii) | Sole power to dispose or to direct the disposition of | |||
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| See Paragraph 7 of page 2 of this Schedule 13G. | ||||
| (iv) | Shared power to dispose or to direct the disposition of | |||
| See Paragraph 8 of page 2 of this Schedule 13G. | ||||
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 o .
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7.
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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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SIGNATURES
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.
| March 7, 2005 | By: /s/ Heather Reitzel | |||
| Heather Reitzel | ||||
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