SC 13D/A 1 t65919_sc13da.htm SCHEDULE 13D AMENDMENT NO. 7 t65919_sc13da.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A
(Amendment No. 7)


Under the Securities Exchange Act of 1934


AdCare Health Systems, Inc.

(Name of Issuer)

Common Stock, no par value

(Title of Class of Securities)

00650W300

(CUSIP Number)

Christopher F. Brogdon
Connie B. Brogdon
345 Heards Ferry Road NW
Atlanta, GA 30328-4716
(404) 386-9607
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

July 1, 2009

(Date of Event Which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box   ¨.

*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 the that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

Page  2  of  6  Pages
 
CUSIP No. 00650W300

1.
NAMES OF REPORTING PERSONS
 
Christopher F. Brogdon
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
 
(a) o
(b) x
3.
SEC USE ONLY
 
 
 
4.
SOURCE OF FUNDS
 
PF
 
5.
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
 
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
833,588
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
833,588
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
833,588
 
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
o
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
19.3%
 
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IN
 


Page  3  of  6  Pages
 
CUSIP No. 00650W300

1.
NAMES OF REPORTING PERSONS
 
Connie B. Brogdon
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
 
(a) o
(b) x
3.
SEC USE ONLY
 
 
 
4.
SOURCE OF FUNDS
 
PF
 
5.
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
 
o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7.
SOLE VOTING POWER
 
0
8.
SHARED VOTING POWER
 
833,588
9.
SOLE DISPOSITIVE POWER
 
0
10.
SHARED DISPOSITIVE POWER
 
833,588
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
833,588
 
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
o
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
19.3%
 
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IN
 


Page  4  of  6  Pages

Explanatory Note:

 
This Amendment No. 7 to Schedule 13D (this “Amendment”) amends and restates, where indicated, the statement on Schedule 13D relating to the Common Stock of the Issuer filed by the Reporting Persons with the Securities and Exchange Commission on April 16, 2008 (the “Initial Statement”), as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5 and Amendment No. 6 to Schedule 13D filed by the Reporting Persons with the Securities and Exchange Commission on May 8, 2008, June 4, 2008, July 15, 2008, August 21, 2008, March 24, 2009, and June 18, 2009, respectively (together, the “Previously Filed Amendments”). This Amendment is being made to disclose acquisitions by the Reporting Persons of additional shares of Common Stock and warrants to purchase Common Stock that were not previously reported on the Initial Statement or the Previously Filed Amendments. Capitalized terms used in this Amendment but not otherwise defined herein have the meanings ascribed to such terms in the Initial Statement.  Except as otherwise set forth herein, this Amendment does not modify any of the information previously reported by the Reporting Persons in the Initial Statement or the Previously Filed Amendments.
     
Item 3.
Source and Amount of Funds or Other Consideration.
     
 
The Reporting Persons reported the acquisition of beneficial ownership of 6,000 shares of Common Stock and warrants to purchase 47,446 shares of Common Stock for cash in an aggregate amount of $24,292.59 using personal funds available on hand.
     
Item 5.
Interest in Securities of the Issuer.
     
 
(a).-(b).
As of the date of this Amendment, the Reporting Persons held 294,350 shares of Common Stock and warrants to purchase 539,238 shares of Common Stock, which represents approximately 19.3% of the outstanding Common Stock as of May 15, 2009.  The calculation of this percentage is based on 3,786,129 shares of Common Stock outstanding as of May 15, 2009, as disclosed by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2009.
     
   
Each of the Reporting Persons may be deemed to beneficially own an aggregate of 833,588 shares of Common Stock, comprised of (i) 78,561 shares of Common Stock held of record by Mr. Brogdon; (ii) 85,392 shares of Common Stock that may be acquired by Mr. Brogdon upon the exercise of presently exercisable warrants held by Mr. Brogdon at an exercise price of $5.40 per share; (iii) 199,789 shares of Common Stock held of record by Ms. Brogdon; (iv) 339,946 shares of Common Stock that may be acquired by Ms. Brogdon upon the exercise of presently exercisable warrants held by Ms. Brogdon at an exercise price of $5.40 per share; (v) 16,000 shares of Common Stock held of record by Ms. Brogdon as custodian for the benefit of the Reporting Persons’ minor child under the Uniform Gift to Minors Act; and (vi) 113,900 shares of Common Stock that may be acquired by Ms. Brogdon upon the exercise of presently exercisable warrants held by Mr. Brogdon as custodian for the benefit of the Reporting Persons’ minor child under the Uniform Gift to Minors Act at an exercise price of $5.40 per share.
     
   
The Cover Pages of this Amendment are incorporated herein by reference.
     
 
(c).
The following table sets forth all transactions by the Reporting Persons with respect to the Common Stock  that were not previously reported in the Initial Statement or the Previously Filed Amendments.
 
Trade Date
Number of Shares
or Warrants
Purchased
Purchase
Price Per
Share or
Warrant
How Purchase
Effected
Reporting Person
06/15/2009*
8,100
$0.400
Open market
Ms. Brogdon
06/23/2009*
38,846
$0.542
Open market
Ms. Brogdon
07/01/2009
6,000
$2.250
Open market
Ms. Brogdon
07/01/2009*
500
$0.450
Open market
Ms. Brogdon
____________
*
Represents purchase of warrants to purchase shares of Common Stock.
 

Page  5  of  6  Pages
 
(d).
Not applicable.
     
 
(e).
Not applicable.


Page  6  of  6  Pages

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.

   
July 9, 2009
 
   
(Date)
 
       
   
/s/ Christopher F. Brogdon
 
   
(Signature)
 
       
   
Christopher F. Brogdon
 

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.

   
July 6, 2009
 
   
(Date)
 
       
   
/s/ Connie B. Brogdon
 
   
(Signature)
 
       
   
Connie B. Brogdon