-----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, GM6qAbB/kzWXpSDGJ5pXgeW9d+e0O6fV/dv4kglWQowxmwWMTFFUuR9HlXaaFpHK vL+PDOxZcwDanHDouG4Crw== 0001157523-04-001483.txt : 20040217 0001157523-04-001483.hdr.sgml : 20040216 20040217111430 ACCESSION NUMBER: 0001157523-04-001483 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040217 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TURNER WILLIAM ASHLEY CENTRAL INDEX KEY: 0001230949 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 111 ALEOH COURT CITY: CLAYTON STATE: NC ZIP: 27520 MAIL ADDRESS: STREET 1: 111 ALEOH COURT CITY: CLAYTON STATE: NC ZIP: 27520 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: 1934 Act SEC FILE NUMBER: 005-53393 FILM NUMBER: 04605013 BUSINESS ADDRESS: STREET 1: 6144 US 301 SOUTH STREET 2: P O BOX 309 CITY: FOUR OAKS STATE: NC ZIP: 27524 BUSINESS PHONE: 9199632177 SC 13G/A 1 a4572862.txt FOUR OAKS SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 6)* -------------------------------------- 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, 2003 ---------------- (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)) 1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO'S. OF ABOVE PERSONS (ENTITIES ONLY) 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 157,009.486 SHARES BENEFICIALLY 6. SHARED VOTING POWER -0- OWNED BY EACH 7. SOLE DISPOSITIVE POWER 157,009.486 REPORTING PERSON 8. SHARED DISPOSITIVE POWER -0- WITH: 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 157,843.364 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [] (See Instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.9% 12. TYPE OF REPORTING PERSON (See Instructions) IN Item 1. (a) Name of Issuer: Four Oaks Fincorp, Inc. (b) Address of Issuer's Principal Executive Offices 6114 US 301 South Four Oaks, North Carolina 27524 Item 2. (a) Name of Person 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: 111 Aleah Court Clayton, North Carolina 27520 (c) 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, 2003, the Reporting Person beneficially owned 157,843.364 Shares, which includes 416.939 shares owned by William Ashley Turner individually, 416.939 shares owned by Debra C. Turner, individually and 157,009.486 Shares owned by them as joint tenants with right of survivorship. 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 individually by William Ashley Turner or Debra C. Turner. The Reporting Person disclaims beneficial ownership of the Shares owned by William Ashley Turner and Debra C. Turner, individually. (b) Percent of Class: Such 157,843.364 shares of Common Stock beneficially owned by the Reporting Person represent approximately 5.9% of the 2,676,263 shares of Common Stock outstanding as of December 31, 2003. (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 157,009.486 (ii) shared power to vote or to direct the vote: -0- (iii) sole power to dispose or to direct the disposition of: 157,009.486 (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 As stated above, William Ashley Turner and Debra C. Turner each beneficially own 416.939 Shares individually and have 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 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 13, 2004 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-----