0001411686-11-000060.txt : 20111011 0001411686-11-000060.hdr.sgml : 20111010 20111011163544 ACCESSION NUMBER: 0001411686-11-000060 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111006 FILED AS OF DATE: 20111011 DATE AS OF CHANGE: 20111011 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: A.C. Moore Arts & Crafts, Inc. CENTRAL INDEX KEY: 0001042809 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-HOBBY, TOY & GAME SHOPS [5945] IRS NUMBER: 223527763 STATE OF INCORPORATION: PA FISCAL YEAR END: 0102 BUSINESS ADDRESS: STREET 1: 130 A.C. MOORE DRIVE CITY: BERLIN STATE: NJ ZIP: 08009 BUSINESS PHONE: (856) 768-4930 MAIL ADDRESS: STREET 1: 130 A.C. MOORE DRIVE CITY: BERLIN STATE: NJ ZIP: 08009 FORMER COMPANY: FORMER CONFORMED NAME: A C MOORE ARTS & CRAFTS INC DATE OF NAME CHANGE: 19970722 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GLENHILL ADVISORS LLC CENTRAL INDEX KEY: 0001137521 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23157 FILM NUMBER: 111135859 BUSINESS ADDRESS: STREET 1: 156 WEST 56TH ST 17TH FL CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 646-432-0600 MAIL ADDRESS: STREET 1: 156 WEST 56TH ST 17TH FL CITY: NEW YORK STATE: NY ZIP: 10019 FORMER NAME: FORMER CONFORMED NAME: KREVLIN ADVISORS LLC DATE OF NAME CHANGE: 20010402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GLENHILL CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001137522 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23157 FILM NUMBER: 111135857 BUSINESS ADDRESS: STREET 1: 156 WEST 56TH ST 17TH FL CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 646-432-0600 MAIL ADDRESS: STREET 1: 156 WEST 56TH ST 17TH FL CITY: NEW YORK STATE: NY ZIP: 10019 FORMER NAME: FORMER CONFORMED NAME: GJK CAPITAL MANAGEMENT LLC DATE OF NAME CHANGE: 20010402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KREVLIN GLENN J CENTRAL INDEX KEY: 0001159120 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23157 FILM NUMBER: 111135858 MAIL ADDRESS: STREET 1: 156 WEST 56TH ST 17TH FL CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Glenhill Capital Overseas Master Fund, L.P. CENTRAL INDEX KEY: 0001300986 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23157 FILM NUMBER: 111135860 BUSINESS ADDRESS: STREET 1: 156 WEST 56TH ST 17TH FL CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 646-432-0600 MAIL ADDRESS: STREET 1: 156 WEST 56TH ST 17TH FL CITY: NEW YORK STATE: NY ZIP: 10019 4 1 edgar.xml PRIMARY DOCUMENT X0304 4 2011-10-06 0001042809 A.C. Moore Arts & Crafts, Inc. ACMR 0001137521 GLENHILL ADVISORS LLC 156 WEST 56TH STREET 17TH FLOOR NEW YORK NY 10019 0 0 1 0 0001159120 KREVLIN GLENN J 156 WEST 56TH STREET 17TH FLOOR NEW YORK NY 10019 0 0 1 0 0001137522 GLENHILL CAPITAL MANAGEMENT LLC 156 WEST 56TH STREET 17TH FLOOR NEW YORK NY 10019 0 0 1 0 0001300986 Glenhill Capital Overseas Master Fund, L.P. 156 WEST 56TH STREET 17TH FLOOR NEW YORK NY 10019 0 0 1 0 Equity Swap 2011-10-06 4 S 1 254023 D Common Stock 254023 309877 I See Footnote Equity Swap 2011-10-07 4 S 1 309877 D Common Stock 309877 0 I See Footnote On October 6, 2011, a portion (representing 254,023 shares of common stock of the Issuer) of a previously reported total return equity swap was settled at a price per share of approximately $1.51. On October 7, 2011, the remaining portion (representing 309,877 shares of common stock of the Issuer) of such equity swap was settled at a price per share of approximately $1.51. For each such transaction, the settlement price was below the exercise price, which was re-set to $2.50 on July 1, 2011 (and re-set to expire on August 1, 2012), requiring Glenhill Capital Overseas Master Fund, LP to pay to the securities broker an amount equal to the decrease in the market value of such shares from the exercise price as of each such transaction date, plus applicable interest pursuant to the terms of the equity swap agreement as well as commissions. Reporting person, Glenn J. Krevlin, is the managing member of Glenhill Advisors, LLC, a limited liability company that is managing member of Glenhill Capital Management LLC, which has investment control and owns a minority interest in various private investment funds, including Glenhill Capital Overseas Master Fund, LP which owns the reported derivative security. With respect to Glenhill Capital Overseas Master Fund, LP, investment management discretion has been delegated to Glenhill Capital Advisors, LLC, the managing member of which is Krevlin Management, Inc., the sole shareholder of which is Glenn J. Krevlin. Swaps are not counted for purposes of determining beneficial ownership. Such contracts do not give the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the Issuer. Accordingly, the Reporting Persons disclaim any beneficial ownership in securities that may be referenced in such contracts. /s/ Glenn J. Krevlin 2011-10-11 /s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC 2011-10-11 /s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC, Managing Member, Glenhill Capital Management, LLC 2011-10-11 /s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC, Managing Member, Glenhill Capital Management, LLC, Sole Shareholder, Glenhill Capital Overseas GP, Ltd., General Partner, Glenhill Capital Overseas Master Fund LP 2011-10-11