SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
ADAMS GOLF, INC.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
006228 10 0
(CUSIP Number)
December 31, 2001
(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)
[ ] 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).
CUSIP NO. 006228 10 0 13G/A
(1) Name of Reporting Person B. H. Adams
I.R.S. Identification No. of
Above Person (entities only)
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(2) Check the Appropriate Box if a (a) [ ]
Member of a Group* (b) [ ]
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(3) SEC Use Only
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(4) Citizenship United States
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Number of Shares
Beneficially (5) Sole Voting Power 2,758,743
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Owned by Each (6) Shared Voting Power 0
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Reporting Person (7) Sole Dispositive Power 2,758,743
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With: (8) Shared Dispositive Power 0
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(9) Aggregate Amount Beneficially Owned 2,758,743
by Each Reporting Person
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(10) Check if the Aggregate Amount in [ X ]**
Row (9) Excludes Certain Shares*
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(11) Percent of Class Represented by 12.3%
Amount in Row (9)
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(12) Type of Reporting Person* IN
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* SEE INSTRUCTIONS
** The Reporting Person notes that a Grantor Retained Annuity
Trust ("GRAT") of which the Reporting Person's spouse is the
trustee directly holds 400,000 shares of stock of the
Issuer. The Reporting Person is neither a trustee nor
beneficiary of such GRAT and expressly disclaims beneficial
interest in such shares held by the GRAT.
CUSIP NO. 006228 10 0 13G/A
Item 1(a). Name of issuer:
Adams Golf, Inc. (the "Issuer")
Item 1(b). Address of Issuer's principal executive offices:
300 Delaware Avenue, Suite 572
Wilmington, Delaware 19801
Item 2(a). Name of person filing:
B. H. Adams
Item 2(b). Address of principal business office or, if
none, residence:
The principal business office of B. H. Adams is:
2801 East Plano Parkway
Plano, Texas 75074
Item 2(c). Citizenship:
United States
Item 2(d). Title of class of securities:
Common Stock, $0.001 par value per share, of the Issuer.
Item 2(e). CUSIP No.:
006228 10 0
CUSIP NO. 006228 10 0 13G/A
Item 3. If this statement is filed pursuant to
Sections 13d-1(b), or 13d-2(b) or (c), 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 240.13d-
1(b)(ii)(G);
(h) [ ] A savings association 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 240.13d-
1(b)(1)(ii)(J)
Not applicable.
Item 4. Ownership:
(a) Amount beneficially owned: 2,758,743
(b) Percent of class: 12.3% (based upon the
22,480,071 shares reported to be outstanding as of
November 14, 2001, the date of the Issuer's
Quarterly Report on Form 10-Q filed with respect
to the quarter ended September 30, 2001).
CUSIP NO. 006228 10 0 13G/A
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 2,758,743
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the
disposition of: 2,758,743
(iv) shared power to dispose or to direct the
disposition of: 0
Item 5. Ownership of five percent or less of a class:
Not Applicable.
Item 6. Ownership of more than five percent on behalf of
another person:
Not Applicable.
Item 7. Identification and classification of the subsidiary
which acquired the security being reported on by the
parent holding company or control person:
Not Applicable.
Item 8. Identification and classification of members of the
group:
Not Applicable.
CUSIP NO. 006228 10 0 13G/A
Item 9. Notice of dissolution of group:
Not Applicable.
Item 10. Certifications:
Not Applicable.
[Signature page follows]
CUSIP NO. 006228 10 0 13G/A
SIGNATURE
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.
Dated: February 13, 2002
/s/ B.H. ADAMS
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B. H. ADAMS
ATTENTION: Intentional misstatements or
omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)