FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. SEE Instruction 1(b)
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(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
BURDICK GARY S.
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(Last) (First) (Middle)
12750 HIGH BLUFF DRIVE, SUITE 320
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(Street)
SAN DIEGO CALIFORNIA 92130
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ACC CONSUMER FINANCE CORPORATION (ACCI)
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3. IRS or Social Security Number of
Reporting Person (Voluntary)
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4. Statement for Month/Year 5/96
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer (Check all applicable)
..... Director ..... 10% Owner
..X.. Officer (give title below) ..... Other (specify below)
PRESIDENT
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FORM 4 (continued)<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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5. Amount
2. Trans- of Securi-
action 3. Trans- ties Bene- 6. Owner-
Date action 4. Securities Acquired ficially ship Form: 7. Nature
Code (A) or Disposed of (D) Owned at Direct (D) of Indirect
(Instr. 8) (Instr. 3, 4 and 5) End of or Indirect Beneficial
(Month/ ---------- ------------------------- Month (I) Ownership
1. Title of Security Day/ (A) or (Instr. 3
(Instr. 3) Year) Code V Amount (D) Price and 4) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON STOCK 5-16-96 J 107,703 D $6.7425 D
COMMON STOCK 5-16-96 C 12,650 A $1.442174 D
COMMON STOCK 5-16-96 C 19,366 A $2.826087 __________ D
591,704
</TABLE>
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FORM 4 (continued)<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities
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10.
9. Owner-
Number ship
6. Date 7. Title and of Form of
5. Number of Exercisable Amount of Deriv- Deriv- 11.
Derivative and Expiration Underlying ative ative Nature
4. Securities Date Securities 8. Secur- Secur- of
Trans- Acquired (A) (Month/Day/ (Instr. 3 and Price ities ity: Indi-
2. Con- action or Disposed Year) 4) of Benefi- Direct rect
version or 3. Trans- Code of (D) Deriv- cially (D) or Bene-
Exercise action (Instr. (Instr. 3, 4, --------------- -------------- ative Owned at Indi- ficial
Price of Date 8) and 5) Amount Secur- End of rect Owner-
1. Title of Deriva- Date Expir- or Num- ity Month (I) ship
Derivative Security tive (Month/ -------- ------------- Exer- ation Title ber of (Instr. (Instr. (Instr. (Inst.
(Instr. 3) Security Day/Year) Code V (A) (D) cisable Date Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SERIES A PREFERRED $1.442174 5/16/96 C 550 5/16/96 COMMON 12,650 $1.442174 D
STOCK (CONVERTIBLE) STOCK
SERIES B PREFERRED $2.826087 5/16/96 C 842 5/16/96 COMMON 19,366 $2.826087 D
STOCK (CONVERTIBLE) STOCK
EMPLOYEE STOCK $6.60 1/23/96 A 21,896 1/23/96 1/23/06 COMMON 21,898 $6.60 ______ D
OPTION STOCK 51,896
(RIGHT TO BUY) <F1>
Explanation of Responses:
<FN>
<F1> OPTION GRANT WAS MADE IN A TRANSACTION THAT IS EXEMPT UNDER RULE 16b-3.
** Intentional misstatements or omissions of facts /s/ GARY S. BURDICK 6/10/96
constitute Federal Criminal Violations. ----------------------------------- --------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ** Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If space provided is
insufficient, see Instruction 6 for procedure.
</TABLE>
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