_____________________
| OMB APPROVAL |
|_____________________|
|OMB NUMBER: |
UNITED STATES |EXPIRES: |
SECURITIES AND EXCHANGE COMMISSION | DECEMBER 31, 2005 |
Washington, D.C. 20549 |ESTIMATED AVERAGE |
|BURDEN HOURS |
|PER RESPONSE ...11 |
SCHEDULE 13G |_____________________|
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
A.C. Moore Arts & Crafts, Inc.
---------------------------------------------
(Name of Issuer)
Common Stock
-------------------------------------------------
(Title of Class of Securities)
00086T103
----------------------------------------------------
(CUSIP Number)
December 29, 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)
[ ] 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).
------------------------------------------------------------------------------
CUSIP No. 00086T103 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon Capital, LLC
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [x]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,280,310
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,280,310
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,280,310
------------------------------------------------------------------------------
(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)
6.40%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
OO
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 00086T103 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon Capital Management, LLC
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [x]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,390,417
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,390,417
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,390,417
------------------------------------------------------------------------------
(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)
6.95%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IA
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 00086T103 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Richard W. Shea, Jr.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [x]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY -------------------------------------------
OWNED BY (6) SHARED VOTING POWER
EACH REPORTING 1,390,417
PERSON WITH -------------------------------------------
(7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,390,417
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,390,417
------------------------------------------------------------------------------
(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)
6.95%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IN
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 00086T103 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon Partners, LP
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [x]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,280,310
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,280,310
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,280,310
------------------------------------------------------------------------------
(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)
6.40%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
PN
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 00086T103 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon Partners II, LP
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [x]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,280,310
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,280,310
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,280,310
------------------------------------------------------------------------------
(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)
6.40%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
PN
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 00086T103 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon International, Ltd.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [x]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,280,310
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,280,310
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,280,310
------------------------------------------------------------------------------
(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)
6.40%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
CO
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 00086T103 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon International BP, Ltd.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [x]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,280,310
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,280,310
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,280,310
------------------------------------------------------------------------------
(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)
6.40%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
CO
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 00086T103 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon Focus Fund, LP
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [x]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,280,310
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,280,310
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,280,310
------------------------------------------------------------------------------
(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)
6.40%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
PN
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 00086T103 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon Focus Fund II, LP
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [x]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,280,310
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,280,310
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,280,310
------------------------------------------------------------------------------
(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)
6.40%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
PN
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 00086T103 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon Focus Fund International, Ltd.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [x]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,280,310
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,280,310
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,280,310
------------------------------------------------------------------------------
(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)
6.40%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
CO
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 00086T103 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon Focus International BP, Ltd.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [x]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Isldands
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,280,310
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,280,310
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,280,310
------------------------------------------------------------------------------
(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)
6.40%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
CO
------------------------------------------------------------------------------
------------------------------------------------------------------------------
CUSIP No. 00086T103 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon Continuum Fund, LP
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [x]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,280,310
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,280,310
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,280,310
------------------------------------------------------------------------------
(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)
6.40%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
PN
------------------------------------------------------------------------------
Item 1(a). Name of Issuer:
A.C. Moore Arts & Crafts, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
130 A.C. MOORE DRIVE
BERLIN NJ 08009
Item 2(a). Name of Persons Filing:
This Schedule 13G is being filed by (i) Vardon Partners, L.P., a Delware
limited partnership; (ii) Vardon Partners II, L.P., a Delaware limited
partnership; (iii) Vardon Focus Fund, L.P., a Delaware limited
partnership; (iv) Vardon Focus Fund II, L.P., a Delaware limited partherhip;
(v) Vardon Continuum Fund, L.P. (formerly known as Vardon
Hybrid Fund, L.P.), a Delaware limited partherhip
(together the "Domestic Funds"); (vi) Vardon International, Ltd., a
Cayman Islands exempted company; (vii) Vardon International BP, Ltd., a
Cayman Islands exempted company; (viii) Vardon Focus Fund International, Ltd.,
a Cayman Islands exempted company; (ix) Vardon Focus International BP, Ltd.,
a Cayman Islands exempted company (together the "Offshore Funds"); (x) Vardon
Capital, L.L.C., a Delaware limited liability company ("VC"), with respect
to shares of Common Stock held in the Domestic Funds; (xi) Vardon Capital
Management, L.L.C., a Delaware limited liability company an SEC registered
Investment Adviser ("VCM"), with respect to shares of Common Stock held
in the accounts of the Domestic Funds, Offshore Funds and certain other
separate account clients managed by VCM (the "Managed Accounts", and
together with the Domestic Funds and Offshore Funds, the "Advisory Clients")
for which VCM serves as the investment manager and (xii) Richard W. Shea,
Jr. ("Mr. Shea"), the sole managing member of VC and VCM, with respect
to shares of Common Stock deemed to be beneficially owned by VC and
VCM. The Domestic Funds, the Offshore Funds, VC, VCM and Mr. Shea
will be collectively referred to herein as "Reporting Persons". All
disclosures made in this filing are made pursuant to the best
knowledge and reasonable belief of the Reporting Persons.
*Attached as Exhibit A is a copy of an agreement among the
Reporting Persons stating (as specified hereinabove) that this
Schedule is being filed on behalf of each of them.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The Domestic Funds, as defined above, are each Delaware limited partnerships
with a principal business office address of 120 West 45th Street, 17th Floor,
New York, NY 10036.
The Offshore Funds, as defined above, are each Cayman Islands exempted
companies with a principal business office address of Admiral Financial
Center, P.O. Box 32021 SMB, 90 Fort Street, Grand Cayman, Cayman Islands,
B.W.I.
VC is a Delaware limited liability company, which serves as general partner of
the Domestic Funds, as outlined above. The sole managing member of VC is
Mr. Shea.
The principal business office address of VC is 120 West 45th Street, 17th Floor,
New York, NY 10036.
CUSIP NO. 00086T103 SCHEDULE 13G
VCM is a Delaware limited liability company which serves as the investment
manager to the Advisory Clients, as outlined above.
VCM is registered with the U.S. Securities and Exchange Commission as an
investment adviser under the U.S. Investment Advisers Act of 1940, as
amended. The sole managing member of VCM is Mr. Shea.
The principal business office address of VCM is 120 West 45th Street, 17th
Floor, New York, NY 10036.
Mr. Shea, the sole managing member of VC and VCM, is a citizen of the
United States of America.
The principal business office address of Mr. Shea is 120 West 45th Street,
17th Floor, New York, NY 10036.
To the best knowledge of the Reporting Persons, none of the entities or
persons identified in this Item 2 has, during the past five years, been
convicted of any criminal proceeding (excluding traffic violations or similar
misdemeanors), nor been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to such
laws.
Item 2(c). Citizenship:
See Item 4 of the attached cover pages
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
00086T103
Item 3. If This Statement is Filed Pursuant to Sections 240.13d-1(b)
or 240.13d-2(b), Check Whether the Person Filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C.
78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] 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) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J);
Item 4. Ownership.
(a) Amount Beneficially Owned: See Item 9 of the attached cover pages
(b) Percent of Class: See Item 11 of the attached cover pages
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Item 5 of the attached cover pages
(ii) Shared power to vote or to direct the vote:
See Item 6 of the attached cover pages
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 of the attached cover pages
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 of the attached cover pages
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 [ ].
Item 5 is not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
VC and VCM, as the general partner and/or investment manager to the
Domestic Funds and Offshore Funds, and Shea, as the the sole principal of
VC and VCM and as portfolio manager of three separately managed accounts, may
have the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, securities of the Issuer held in
the name of the Advisory Clients.It should be noted that VCM is registered
under Section 203 of the Investment Advisers Act of 1940, as amended.
None of the Advisory Clients individually have greater than 5% beneficial
ownership of the Issuer.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or
Controlling Person.
Item 7 is not applicable.
Item 8. Identification and Classification of Members of the Group.
Item 8 is not applicable.
Item 9. Notice of Dissolution of Group
Item 9 is not applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: February 13, 2007
Vardon Partners, L.P. Vardon Partners II, L.P.
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
as managing member of the as managing member of the
general partner general partner
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Managing Member of Managing Member of
the General Partner the General Partner
Vardon Focus Fund, L.P. Vardon Focus Fund II, L.P.
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
as managing member of the as managing member of the
general partner general partner
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Managing Member of Managing Member of
the General Partner the General Partner
Vardon Continuum Fund, L.P.
By: Richard W. Shea, Jr.
as managing member of the
general partner
By: /s/ Richard W. Shea, Jr.
-------------------------------
Richard W. Shea, Jr.
Managing Member of
the General Partner
Vardon International, Ltd. Vardon International BP, Ltd.
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
as director as director
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Director Director
Vardon Focus Fund Vardon Focus International
International, Ltd. BP, Ltd.
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
as director as director
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Director Director
Vardon Capital, L.L.C. Vardon Capital Management, L.L.C
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
its managing member its managing member
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Managing Member Managing Member
RICHARD W. Shea, Jr.
By: /s/ Richard W. Shea, Jr.
-------------------------------
Richard W. Shea, Jr.
Individually
CUSIP NO. 00086T103 SCHEDULE 13G
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby executes this
agreement as an exhibit to this Schedule 13G with respect to the shares
of Common Stock of A.C. Moore Arts & Crafts, Inc., to evidence
the agreement of the below-named parties, in accordance with
the rules promulgated pursuant to the Securities Exchange Act of 1934,
as amended, to file this Schedule 13G jointly on behalf of each such party.
Dated: February 13, 2007
Vardon Partners, L.P. Vardon Partners II, L.P.
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
as managing member of the as managing member of the
general partner general partner
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Managing Member of Managing Member of
the General Partner the General Partner
Vardon Focus Fund, L.P. Vardon Focus Fund II, L.P.
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
as managing member of the as managing member of the
general partner general partner
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Managing Member of Managing Member of
the General Partner the General Partner
Vardon Continuum Fund, L.P.
By: Richard W. Shea, Jr.
as managing member of the
general partner
By: /s/ Richard W. Shea, Jr.
-------------------------------
Richard W. Shea, Jr.
Managing Member of
the General Partner
Vardon International, Ltd. Vardon International BP, Ltd.
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
as director as director
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Director Director
Vardon Focus Fund Vardon Focus International
International, Ltd. BP, Ltd.
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
as director as director
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Director Director
Vardon Capital, L.L.C. Vardon Capital Management, L.L.C
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
its managing member its managing member
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Managing Member Managing Member
RICHARD W. Shea, Jr.
By: /s/ Richard W. Shea, Jr.
-------------------------------
Richard W. Shea, Jr.
Individually