SEC 1745
(02-02)


Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE COMMISSION

OMB Number:
3235-0145

 

Washington, D.C. 20549

Expires: December 31, 2005

 

SCHEDULE 13G
(Rule 13d-102)

Estimated average burden hours per response. . 11

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(b)

 

Under the Securities Exchange Act of 1934
(Amendment No. 3)1

 

1-800 CONTACTS, INC.

(Name of Issuer)

 

Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

681977 10 4

(CUSIP Number)

 

 

(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)

 


1The 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.  68197 104

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Jonathan C. Coon

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

[     ]

 

 

(b)

[ X ]

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States of America

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
3,196,755

 

6.

Shared Voting Power
None

 

7.

Sole Dispositive Power
3,196,755

 

8.

Shared Dispositive Power
None

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,196,755

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  [     ]

 

 

11.

Percent of Class Represented by Amount in Row (9)
26.5%

 

 

12.

Type of Reporting Person (See Instructions)
Individual

 

 

2



 

Item 1.

 

(a)

Name of Issuer
1-800 CONTACTS, INC.

 

(b)

Address of Issuer's Principal Executive Offices
66 E. Wadsworth Park Drive, 3rd Floor
Draper, Utah 84020

 

Item 2.

 

(a)

Name of Person Filing
This Schedule 13G is being filed by Jonathan C. Coon, an individual (the “Reporting Person”).  As of December 31, 2002, the Reporting Person had:  (i) direct beneficial ownership of 2,878,523 shares of common stock, par value $.01 per share (the “Common Stock”), of 1–800 CONTACTS, INC., a Delaware corporation (the “Company”); (ii) deemed beneficial ownership of 19,375 shares of Common Stock that can be acquired by Mr. Coon through options that are or will become exercisable within 60 days from December 31, 2002; (iii) indirect beneficial ownership of 95,974 shares of Common Stock held by the Reporting Person as custodian under the Uniform Gift to Minors Act (“UGMA”) for and on behalf of Hannah K. Coon; (iv) indirect beneficial ownership of an aggregate of 95,974 shares of Common Stock held by the Reporting Person as custodian under the UGMA and on behalf of Abigail I. Coon; (v) indirect beneficial ownership of 92,775 shares of Common Stock held by the Reporting Person as custodian under the UGMA for and on behalf of Samuel Coon; and (vi) indirect beneficial ownership of an aggregate of 14,134 shares of Common Stock held by the Reporting Person’s minor children.

 

(b)

Address of Principal Business Office or, if none, Residence
The address of the principal business office of the Reporting Person is
c/o 1-800 CONTACTS, INC., 66 E. Wadsworth Park Drive, 3rd Floor, Draper, Utah 84020.

 

(c)

Citizenship
The Reporting Persons is a citizen of the United States.

 

(d)

Title of Class of Securities
Common Stock, par value $.01 per share.

 

(e)

CUSIP Number
681977 10 4

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-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 §240.13d-1(b)(1)(ii)(E);

 

(f)

[  ]

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

[  ]

A parent holding company or control person in accordance with § 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 §240.13d-1(b)(1)(ii)(J).

 

Not Applicable.

 

 

3



 

Item 4.

Ownership

As of December 31, 2002, the Reporting Person had the sole power to vote or to direct the vote and sole power to dispose or to direct the disposition of shares of Common Stock as follows:

 

(a)

Amount beneficially owned:    3,196,755

 

(b)

Percent of class:    26.5%

 

(c)

Number of shares as to which the person has:

 

 

(i)

Sole power to vote or to direct the vote    3,196,755

 

 

(ii)

Shared power to vote or to direct the vote    None.

 

 

(iii)

Sole power to dispose or to direct the disposition of    3,196,755

 

 

(iv)

Shared power to dispose or to direct the disposition of    None.

As of December 31, 2002, the Reporting Person had:  (i) direct beneficial ownership of 2,878,523 shares of Common Stock; (ii) deemed beneficial ownership of 19,375 shares of Common Stock that can be acquired by Mr. Coon through options that are or will become exercisable within 60 days of December 31, 2002; (iii) indirect beneficial ownership of 95,974 shares of Common Stock held by the Reporting Person as custodian under the UGMA for and on behalf of Hannah K. Coon; (iv) indirect beneficial ownership of an aggregate of 95,974 shares of Common Stock held by the Reporting Person as custodian under the UGMA for an on behalf of Abigail I. Coon; (v) indirect beneficial ownership of 92,775 shares of Common Stock held by the Reporting Person as custodian under the UGMA on behalf of Samuel Coon; and (vi) indirect beneficial ownership of an aggregate of 2,652 shares of Common Stock held by the Reporting Person’s minor children.

All percentages calculated in this Schedule 13G are based upon an aggregate of 12,082,292 shares of Common Stock outstanding as of November 5, 2002, as disclosed in the Company’s Quarterly Report on Form 10-Q for the Quarterly Period ended September 28, 2002.  All share amounts reflect a two–for–one stock split effected by the Company in August 2000.

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 6.

Ownership of More than Five Percent on Behalf of Another Person

No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock listed herein.

 

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.

 

Item 9.

Notice of Dissolution of Group

Not applicable.

 

Item 10.

Certification

Not applicable.

 

 

4



 

Signature

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

 

February 14, 2003

 

Date

 


/s/ Jonathan C. Coon

 

Signature

 


Jonathan C. Coon

 

Name/Title

 

 

5