FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 04/03/2009 |
3. Issuer Name and Ticker or Trading Symbol
GENERAL ACCEPTANCE CORP /IN/ [ GACC ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) 03/09/2009 |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Preferred(1) | 1,000,000 | D | |
Common(1)(2) | 5,000,000 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. Establishment of the General Acceptance Corporation discriminatory share price, the reporting owner has determined to issue as previously filed in the SEC Form 3, 1,000,000 shares preferred stock upon the completion of General Acceptance Corporation (GACC) corporate restructuring notwithstanding all like industrycomparable share structures and share prices. |
2. Establishment of the General Acceptance Corporation discriminatory share price, the reporting owner has determined to issue as previously filed in the SEC Form 3, 5,000,000 shares common stock upon the completion of General Acceptance Corporation (GACC) corporate restructuring notwithstanding all like industry comparable share structures and share prices. |
Remarks: |
Control may be deemed to exist as permitted under 13d-4 of SEC 34 I expressly declare that any such filings shall not be construed as an admission that such person is for the purposes of Sections 13(d) or 13(g) the beneficial owner of any securities covered by the schedule or a member of a group defined for these purposes other than as described in 13D. The reporting entity is not aware of any plans or proposals which could result in the acquisition by a person of securities of the issuer. |
JayCee James | 04/03/2009 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |