X0203 3/A 2009-05-27 2009-06-08 0 0001042809 A.C. Moore Arts & Crafts, Inc. ACMR 0001137521 GLENHILL ADVISORS LLC 156 WEST 56TH STREET 17TH FLOOR NEW YORK NY 10019 0 0 1 0 0001159120 KREVLIN GLENN J 156 WEST 56TH STREET 17TH FLOOR NEW YORK NY 10019 0 0 1 0 0001137522 GLENHILL CAPITAL MANAGEMENT LLC 156 WEST 56TH STREET 17TH FLOOR NEW YORK NY 10019 0 0 1 0 0001137373 GLENHILL CAPITAL LP 156 WEST 56TH STREET 17TH FLOOR NEW YORK NY 10019 0 0 1 0 0001300986 Glenhill Capital Overseas Master Fund, L.P. 156 WEST 56TH STREET 17TH FLOOR NEW YORK NY 10019 0 0 1 0 Equity Swap 2011-07-11 2011-07-11 Common Stock 563900 I See footnote This amended Form 3 is being filed by the Reporting Persons solely to report an equity swap that was inadvertently omitted from the original Form 3 that was filed on June 8, 2009. This amendment does not repeat lines of ownership information that were disclosed in the original Form 3 and are not being amended. On April 11, 2008, Glenhill Capital LP entered into a total return equity swap agreement with a securities broker at a strike price of $6.79 under which Glenhill Capital LP will be obligated to pay the securities broker an amount equal to the decrease in the market value of 563,900 shares of Common Stock on the expiration date, which is July 11, 2011, or the securities broker will be obligated to pay Glenhill Capital LP an amount equal to the increase in the market value of such shares at such expiration date. Glenhill Capital LP will also pay to the securities broker interest on the total market value of the underlying shares of Common Stock. Swaps are not counted for purposes of determining beneficial ownership. Such contracts do not give the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the Issuer. Accordingly, the Reporting Persons disclaim any beneficial ownership in securities that may be referenced in such contracts. Reporting person, Glenn J. Krevlin, is the managing member of Glenhill Advisors, LLC, a limited liability company that is managing member of Glenhill Capital Management LLC, which has investment control and owns a minority interest in various private investment funds, including Glenhill Capital LP, which owns the derivative security reported in Table II. The reporting persons disclaim beneficial ownership of the derivative security reported in Table II except to the extent of their pecuniary interest therein. /s/ Glenn J. Krevlin 2011-02-18 /s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC 2011-02-18 /s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC, Managing Member, Glenhill Capital Management, LLC 2011-02-18 /s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC, Managing Member, Glenhill Capital Managment, LLC, General Partner, Glenhill Capital LP 2011-02-18 /s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC, Managing Member, Glenhill Capital Management, LLC, Sole Shareholder, Glenhill Capital Overseas GP, Ltd., General Partner, Glenhill Capital Overseas Master Fund LP 2011-02-18