CUSIP No. 225744 10
1
|
|
|
1. |
Name
of Reporting Person.
I.R.S.
Identification Nos. of above persons (entities
only).
|
|
James A. Lucas, Jr. | ||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) | |
(a) x
|
|
|
(b) o
|
|
|
3. | SEC Use Only | |
4. |
Citizenship
or Place of Organization
|
|
United States |
|
5. | Sole Voting Power 289,696 |
|
||
NUMBER
OF
|
||
SHARES
|
6. | Shared Voting Power 237,788 |
BENEFICIALLY
|
||
OWNED BY EACH
|
||
REPORTING
|
7. | Sole Dispositive Power 289,696 |
PERSON
WITH
|
||
|
||
|
8. | Shared Dispositive Power 237,788 |
|
||
9. |
Aggregate
Amount Beneficially Owned by Each Reporting Person
|
|
527,484 | ||
10. |
Check
Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|
|
Not Applicable. |
|
|
11. |
Percent
of Class Represented by Amount in Row (9)
|
|
5.48% | ||
12. |
Type
of Report Person (See Instructions)
|
|
IN |
(a)
|
The
Issuer Name is Crescent Financial
Corporation
|
(b)
|
The
Issuer’s Principal Business Address
is:
|
|
1005
High House Road
|
|
Cary,
NC 27513
|
(a)
|
James
A. Lucas, Jr. (the “Reporting
Person”)
|
(b)
|
The
Reporting Person’s business address is 4909 Western Boulevard, Suite 200,
Raleigh, NC 27606.
|
(c)
|
The
Reporting Person is a citizen of the United States of
America.
|
(d)
|
This
filing relates to the common stock (the “Common Stock”), par value $1.00
per share, of Crescent Financial Corporation (the
“Company”)
|
(e)
|
The
Company’s CUSIP number is
225744101
|
Item 3.
|
Not
Applicable
|
(a)
|
The
Reporting Person beneficially owns 527,484 shares of Common Stock in the
following manner: The Reporting Person solely owns 289,696
shares in either certificate form or in book-entry accounts,
indirectly owns 7,060 shares as a member of an investment club of which
the reporting person has a 6.25% interest, indirectly owns 80,600 shares
as a member of an LLC of which the reporting person has a 50.00%,
indirectly owns 148,887 shares as a member of an LLC of which the
reporting person has a 33.33% interest and indirectly owns 1,241 shares
held by a corporation of which the reporting person owns
29.00%.
|
(b)
|
Percent
of beneficial ownership of the class is
5.48%
|
(c)
|
Number
of shares as to which the person
has:
|
|
(i) |
Sole
power to vote or to direct the vote:
|
289,696
|
|
(ii) |
Shared
power to vote or to direct the vote:
|
237,788
|
|
(iii) |
Sole
power to dispose or to direct the disposition of:
|
289,696
|
|
(iV) |
Shared
power to dispose or to direct the disposition of :
|
237,788
|
February 13, 2008
|
||
Date
|
||
/s/ James A. Lucas, Jr.
|
||
Signature
|
||
James A. Lucas,
Jr./Reporting
|
||
Name/Title
|