<PAGE> 1
THIS REPORT HAS BEEN FILED WITH
THE SECURITIES AND EXCHANGE COMMISSION
VIA EDGAR
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 4
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
Commission File Number 000-20841
U G L Y D U C K L I N G C O R P O R A T I O N
(Exact name of registrant as specified in its charter)
Delaware 86-0721358
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
2525 E. Camelback Road,
Suite 1150
Phoenix, Arizona 85016
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (602) 852-6600
1. Name and Address of Reporting Person*
<PAGE> 2
Abrahams, Robert J.
2525 E. Camelback Rd., Suite 1150
Phoenix, Arizona 85016
2. Issuer Name and Ticker or Trading Symbol Ugly Duckling Corporation/UGLY
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year 5/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Persons to Issuer (Check all applicable)
X Director 10% Owner
---- ---
Officer (give Other (Specify
---- title below) --- below)
7. Individual or Joint/Group Filing (Check applicable Line)
X
------Form Filed by One Reporting
Person
------Form filed by More than One
Reporting Person
<TABLE>
<CAPTION>
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TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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<S> <C> <C> <C> <C> <C> <C>
1. Title of Security 2.Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock Unchanged 500 I &
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Common Stock 5/18/98! P! 2,000! A! $9.1875! 8,244# D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v) Page 2 of 4
SEC 1474
(7/96)
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
-----------------------------------
Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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NONE
<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
Explanation of Responses:
& Reporting person's wife owns these shares of UGLY Common Stock.
! On 5/18/98 purchased 2,000 shares of UGLY Common Stock at $9.1875 per share through
reporting person's "IRA."
# Ending balancing consists, in part, of 6,244 shares of UGLY restricted Common Stock
issued under the UGLY Director's Incentive Plan in 6/96 at a price per share of
approximately $15.00. These shares vest 33% per year. 5/31/98 ending balance of
8,244 shares is based on the 4/30/98 ending balance of 6,244 shares of UGLY
Common Stock plus the purchase of 2,000 shares during 5/98 (6,244 + 2,000 = 8,244
shares).
@ The attached power-of-attorney is included as a part of this filing.
Robert J. Abrahams
/s/ Judith A. Boyle 6/4/98
- ------------------------------- -------
**Signature of Reporting Person Date
By: Judith A. Boyle
Attorney-in-Fact @
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
</TABLE>
Page 3 of 3
SEC 1474 (7/96)
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POWER OF ATTORNEY
(R. ABRAHAMS)
I hereby appoint Steven P. Johnson, Judith A. Boyle and Steven D. Pidgeon,
and each of them, attorney-in-fact for me, each with full power of
substitution, to prepare, execute and deliver on my behalf reports required to
be filed by me pursuant to Section 16 of the Securities Exchange Act of 1934,
as amended ("Section 16"), and Rule 144 and Rule 145 under the Securities Act
of 1933 (singly or collectively ("Rule 144")). Among other things, each
attorney-in-fact is authorized to file original reports (either electronically
or otherwise), signed by me or on my behalf, on Forms 3, 4 and 5, and Form 144
with the Securities and Exchange Commission, and to provide any necessary
copies of such signed forms to The NASDAQ Stock Market and Ugly Duckling
Corporation as required by the rules under Section 16 and Rule 144 as in effect
from time to time.
This power of attorney is effective from the date hereof until June 30,
1999, unless earlier revoked or terminated.
/s/ Robert J. Abrahams
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Robert J. Abrahams
Dated: May 5, 1998
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