UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[X] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue.
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
1. Name and Address of Reporting Person(s)
Johnson, Steven P.
2525 East Camelback Road, Suite 500
Phoenix, Arizona 85016
2. Issuer Name and Ticker or Trading Symbol
Ugly Duckling Corporation (UGLY)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
12/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Former Sr. Vice President
Former General Counsel
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>
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) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code Amount D Price End of Year I
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<S> <C> <C> <C> <C><C> <C> <C><C>
<CAPTION>
Table II (PART 1) Derivative Securitites Acquired, Disposed of, or Beneficially
Owned (Columns 1 through 6)
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1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code A D Exercisable Expiration
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<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right $5.56 03/02/99 (1) A 20,000 03/02/99 (1) 03/02/06
to buy) (1)
<CAPTION>
Table II (PART 2) Derivative Securitites Acquired, Disposed of, or Beneficially
Owned (Columns 1,3 and 7 through 11)
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1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Year
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<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right 03/02/99 Common Stock 20,000 $5.56 20,000 D Direct
to buy) (1) (1)
<FN>
Explanation of Responses:
(1)
Options vest over a five year period with 20% vesting each year, beginning one
year after the date of grant. The options were issued under the UGLY Long-Term
Incentive Plan ("Incentive Plan") on 3/2/99, at an exercise price per share of
$5.56.
- - Power of Attorney is included and made a part of this filing.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ JON D. EHLINGER
-----------------------
By: Jon D. Ehlinger
- Attorney-in-fact
For: Steven P. Johnson
DATE 02/15/00
<PAGE>
POWER OF ATTORNEY
(S. Johnson)
I hereby appoint Judith A. Boyle and Jon D. Ehlinger, 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, the American Stock Exchange 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
September 1, 2000, unless earlier revoked or terminated.
/S/ STEVEN P. JOHNSON
----------------------------------------
Steven P. Johnson
Dated: May 24, 1999
