-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V6u9x+vQ8D5mBtRK1M7xD8uJ4UwQq0OnIBmJtKbUqRhEv34eH+RNQRV2Hj2JBf9l DwGmM5xtSU+AhnXp2k5uKQ== 0000950168-01-000213.txt : 20010213 0000950168-01-000213.hdr.sgml : 20010213 ACCESSION NUMBER: 0000950168-01-000213 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FOUR OAKS FINCORP INC CENTRAL INDEX KEY: 0001040799 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 562028446 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-53393 FILM NUMBER: 1532914 BUSINESS ADDRESS: STREET 1: 6144 US 301 SOUTH STREET 2: P O BOX 309 CITY: FOUR OAKS STATE: NC ZIP: 27524 BUSINESS PHONE: 9199632177 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TURNER WILLIAM ASHLEY & TURNER DEBRA C JOINT TENANTS CENTRAL INDEX KEY: 0001074738 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 2256 SHOTWELL ROAD CITY: CLAYTON STATE: NC ZIP: 27520 BUSINESS PHONE: 9199632177 SC 13G/A 1 0001.txt WILLIAM ASHLEY TURNER & DEBRA C. TURNER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* -------------------------------------- FOUR OAKS FINCORP, INC. (Name of Issuer) COMMON STOCK $1.00 PAR VALUE (Title of Class of Securities) 350891 10 7 (CUSIP Number) December 31,2000 ---------------- (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 Notes). (Continued on following page(s)) Page 1 of 5 Pages CUSIP No. 350891 10 7 13G Page 2 of 5 Pages 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William Ashley Turner and Debra C. Turner, Joint Tenants with right of survivorship 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF 5. SOLE VOTING POWER 118,972.932 SHARES BENEFICIALLY 6. SHARED VOTING POWER 1,263.724 OWNED BY EACH 7. SOLE DISPOSITIVE POWER 118,972.932 REPORTING PERSON 8. SHARED DISPOSITIVE POWER 1,263.724 WITH: 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 120,236.656 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [] (See Instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.8% 12. TYPE OF REPORTING PERSON (See Instructions) IN CUSIP No. 350891 10 7 13G Page 3 of 5 Pages Item 1. (a) Name of Issuer: Four Oaks Fincorp, Inc. (b) Address of Issuer's Principal Executive Offices 6144 US 301 South Four Oaks, North Carolina 27524 Item 2. (a) Names of Persons Filing This statement is filed by William Ashley Turner and Debra C. Turner, Joint Tenants with right of survivorship. (b) Address of Principal Business Office or, if none, Residence: 2256 Shotwell Road Clayton, North Carolina 27520 (c) Place of Organization or Citizenship: United States of America (d) Title of Class of Securities Common Stock, par value $1.00 per share (e) CUSIP Number 350891 10 7 Item 3. Not Applicable. Item 4. Ownership (a) Amount Beneficially Owned: As of December 31, 2000, the Reporting Person beneficially owned 120,236.656 Shares which includes 315.931 shares owned by William Ashley Turner individually, 315.931 shares owned by Debra C. Turner, individually and 315.931 Shares owned by each of their two children, individually. The Reporting Person declares that the filing of this Schedule 13G shall not be construed as an admission that it is, for purposes of Section 13(d) or Section 13(g) of the Act, the beneficial owner of any of the Shares owned of record by William Ashley Turner, Debra C. Turner or their two children. The Reporting Person disclaims beneficial ownership of the CUSIP No. 350891 10 7 13G Page 4 of 5 Pages Shares owned by William Ashley Turner, individually, Debra C. Turner, individually and each of their two children, individually. (b) Percent of Class: Such 120,236.656 shares of Common Stock are 5.8% of the 2,077,709 shares of Common Stock outstanding as of February 2, 2001. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 118,972.932 (ii) shared power to vote or to direct the vote: 1,263.724 (iii) sole power to dispose or to direct the disposition of: 118,972.932 (iv) shared power to dispose or to direct the disposition of: 1,263.724 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 As stated above, the Reporting Person's spouse owns 315.931 Shares individually and has the right to receive dividends and proceeds from the sale of such Shares. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group 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 CUSIP No. 350891 10 7 13G Page 5 of 5 Pages and are not held in connection with or as a participant in any transaction having that purpose or effect. 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. Date: February 5, 2001 Signature: /s/ William Ashley Turner --------------------------------- Name: William Ashley Turner, in his capacity as Joint Tenant with right of survivorship /s/ Debra C. Turner --------------------------------- Name: Debra C. Turner, in her capacity as Joint Tenant with right of survivorship -----END PRIVACY-ENHANCED MESSAGE-----