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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
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FORM 5
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[ ] Check box if no longer
subject to Section 16.
Form 4 or Form 5
obligations may
continue. See
Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transaction Reported
<S> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Persons
Fields Alan M. to Issuer
- ------------------------------------------ Fields Aircraft Spares, Inc. (FASI) (Check all applicable)
(Last) (First) (Middle) X Director _ 10% Owner
341 "A" Street X Officer (give title _ Other
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(Street) below)
Fillmore CA 93015-1931 President and CEO
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(City) (State) (Zip) 3. IRS Identification 4. Statement for Month/Year 7. Individual or Joint/Group Reporting
Number of Reporting 01/01/99 (check applicable line)
Person, if an Entity --------------------------- X Form Filed by One Reporting Person
(Voluntary) 5. If Amendment, Date of _ Form Filed by More than One
Original (Month/Year) Reporting Person
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Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security 2.Trans- 3.Trans- 4.Securities Acquired (A) 5.Amount of 6.Owner- 7.Nature of
(Instr.3) action action or Disposed of (D) Securities ship Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
(Month/ (Instr. ------------------------- Owned at Direct Ownership
Day/Year) 8) A End of (D) or (Instr. 4)
Amount or Price Issuer's Indirect
D Fiscal Year (I)
(Instr. 3 & 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Shares 53,953 D
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Common Shares 12,000(1) I By Spouse
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Common Shares 13,488(1) I Owned by
children
through trust
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* If the Form is filed by more than one reporting person, see instruction 4(b)(v). (Over)
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FORM 5 (continued)
Table II Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1.Title of 2.Conver- 3.Trans- 4.Trans- 5.Number of 6.Date Exer- 7.Title and 8.Price 9.Number 10.Owner- 11.Nature
Derivative sion or action action Derivative cisable and Amount of of of Deri- ship of of In-
Security Exercise Date Code Securities Expiration Underlying Deri- vative Deriva- direct
(Instr. 3) Price of (Month/ (Instr. Acquired Date (Month/ Securities vative Secur- tive Bene-
Deri- Day/ 8) (A) or Day/Year) (Instr. 3 Secu- ities Security: ficial
vative Year) Disposed and 4) rity Benefi- Direct Owner-
Security of (D) ----------------------------- (Instr. cially (D) or ship
(Instr.3, Date Expir- Amount or 5) Owned Indirect (Instr.
4, and 5) Exer- ation Title Number of at End (I) 4)
----------- cisable Date Shares of Year (Instr.4)
(A) (D) (Instr.4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Options to
acquire Common
Common Shares $10.00 2/13/98 A 20,000 (2) 2/13/03 Shares 20,000 20,000 D
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Options to
acquire Common
Common Shares $ 6.25 11/04/98 A 21,750 1/01/00 11/03/03 Shares 21,750 21,750 D
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Explanation of Responses:
(1) The reporting person disclaims beneficial ownership of these securities, and this report should not be deemed
an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other
purpose.
(2) One half of the options vest on or after February 13, 1999 and February 13, 2000, respectively, based upon Company performance.
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** Intentional misstatements or omissions of facts constitute /s/ Alan M. Fields 02/11/99
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.
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