Adams Golf, Inc. / Richard L. Scott
 

     
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 2 )*

ADAMS GOLF, INC.
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
006228-10-0
(CUSIP Number)
Jeffrey S. Buschmann, Esq.
Boult Cummings Conners & Berry, PLC
414 Union Street, Suite 1600
Nashville, Tennessee 37219
(615) 252-2388
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 29, 2006
(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* 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 disclosures provided in a prior cover page.

The information required on 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).

Persons who 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.

 
 

 

                     
CUSIP No.
  
006228-10-0 

 

           
1   NAMES OF REPORTING PERSONS:

Richard L. Scott
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
N/A
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  PF
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  7   SOLE VOTING POWER:
     
NUMBER OF   1,875,909
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   -0-
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   1,875,909
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    -0-
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  1,875,909
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  7.9%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN

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Item 1. Security and Issuer
This Amendment No. 2 amends the Schedule 13D filed by Richard L. Scott (“Reporting Person”) on December 1, 2004 (the “Schedule 13D”), as amended on April 6, 2006, with respect to shares of the Common Stock, $.001 par value (the “Common Stock”), of Adams Golf, Inc., a Delaware corporation (the “Issuer”). Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
The Reporting Person has used personal funds of an aggregate of approximately $1,945,617 to acquire 1,875,909 shares of Common Stock in both private and open market transactions. The Common Stock was purchased by four different entities controlled by the Reporting Person.
Item 5. Interest in Securities of the Issuer
The 1,875,909 shares of the Common Stock owned by the Reporting Person constitute 7.9% of the outstanding Common Stock of the Issuer.
The Reporting Person has sole voting and dispositive power with respect to the Common Stock.
The Reporting Person purchased the following shares of the Common Stock of the Issuer in open market transactions during the past 60 days:
                         
Purchase Date   No. of Shares     Price Per Share     Aggregate Consideration  
10/26/2006
     1,000     $ 1.4300     $ 1,430.00  
11/02/2006
     500     $ 1.4300     $ 715.00  
11/06/2006
     4,500     $ 1.4300     $ 6,435.00  
11/07/2006
     15,000     $ 1.4495     $ 21,742.50  
11/08/2006
     500     $ 1.4500     $ 725.00  
11/13/2006
     10,000     $ 1.4500     $ 14,500.00  
11/14/2006
     15,000     $ 1.4467     $ 21,700.50  
11/16/2006
     10,000     $ 1.4400     $ 14,400.00  
11/17/2006
     19,400     $ 1.4129     $ 27,410.26  
11/20/2006
     2,500     $ 1.4200     $ 3,550.00  
11/27/2006
     19,300     $ 1.4252     $ 27,506.36  
11/28/2006
     50,000     $ 1.4030     $ 70,150.00  
11/29/2006
     50,000     $ 1.3898     $ 69,490.00  
Total
     197,700             $ 279,754.62  
The Common Stock was purchased by three different entities controlled by the Reporting Person.

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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.
         
     
DATED: December 4, 2006  /s/ Richard L. Scott    
  Richard L. Scott   
     
 

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