Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  GLENHILL ADVISORS LLC
2. Date of Event Requiring Statement (Month/Day/Year)
05/27/2009
3. Issuer Name and Ticker or Trading Symbol
A.C. Moore Arts & Crafts, Inc. [ACMR]
(Last)
(First)
(Middle)
598 MADISON AVENUE, 12TH FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10022
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 6,000,000
I
See Footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GLENHILL ADVISORS LLC
598 MADISON AVENUE
12TH FLOOR
NEW YORK, NY 10022
    X    
KREVLIN GLENN J
598 MADISON AVENUE
12TH FLOOR
NEW YORK, NY 10022
    X    
GLENHILL CAPITAL MANAGEMENT LLC
598 MADISON AVENUE
12TH FLOOR
NEW YORK, NY 10022
    X    
GLENHILL CAPITAL LP
598 MADISON AVENUE
12TH FLOOR
NEW YORK, NY 10022
    X    
Glenhill Capital Overseas Master Fund, L.P.
598 MADISON AVENUE
12TH FLOOR
NEW YORK, NY 10022
    X    

Signatures

/s/ Glenn J. Krevlin 06/08/2009
**Signature of Reporting Person Date

/s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC 06/08/2009
**Signature of Reporting Person Date

/s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC, Managing Member, Glenhill Capital Management, LLC 06/08/2009
**Signature of Reporting Person Date

/s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC, Managing Member, Glenhill Capital Managment, LLC, General Partner, Glenhill Capital LP 06/08/2009
**Signature of Reporting Person Date

/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 06/08/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 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, Glenhill Capital Overseas Master Fund, LP and Glenhill Concentrated Long Master Fund LLC, which collectively own the reported securities. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein. Glenhill Capital LP beneficially owns 2,922,329, Glenhill Capital Overseas Master Fund, LP beneficially owns 2,757,559 and Glenhill Concentrated Long Master Fund LLC beneficially owns 320,112 of the securities reported in this Form 3. Glenhill Capital LP and Glenhill Capital Overseas Master Fund LP own their securities through Glenhill Special Opportunities Master Fund LLC, a wholly owned subsidiary of the two funds.

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