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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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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OMB APPROVAL
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FORM 3 OMB Number: 3235-0104
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Estimated average burden
hours per response .... 0.5
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1. Name and Address of Reporting Person *
Donlan Joseph P.
(Last) (First) (Middle)
59 Wall Street
(Street)
New York NY 10005
(City) (State) (Zip)
2. Date of Event Requiring Statement ( Month / Day / Year )
12/22/97
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
National Auto Finance Company, Inc./NAFI
5. Relationship of Reporting Person to Issuer (Check all applicable)
x Director x 10% Owner
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Officer (give title Other
----- below) ----- (specify
below)
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6. If Amendment, Date or Original (Month/Year)
7. Individual or Join/Group Filing (Check Applicable Line)
x Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of security 2. Amount of Securities 3. Ownership 4. Nature of Indirect
(Inst.4) Beneficially Owned Form: Direct (D) Beneficial Ownership
(Instr. 4) or Indirect (I) (Instr. 5)
(Inst. 5)
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Common Stock 761,905(1) I By The 1818 Mezzanine Fund,
L.P.
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the Form is filed by more than one reporting person, SEE instruction 5(b)(v). SEC 1473(8-92)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS,
CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of Derivative Security 2. Date Exercisable and 3. Title and Amount of Securities Underlying
(Instr. 4) Expiration Date Derivative Security (Instr. 4)
(Month/Day/Year)
Amount or
Date Expiration Title Number of
Exercisable Date Shares
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Warrants Immed. 12/22/97 Common Stock 415,570(1)
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4. Conversion or 5. Ownership 6. Nature of Indirect
Exercise Price of Form of Beneficial Ownership
Derivative Derivative (Instr. 5)
Security Security:
Direct (D) or
Indirect (I)
(Instr. 5)
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$.01 I By The 1818 Mezzanine Fund, L.P.
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Explanation of Responses:
(1) The reporting person is a senior manager of the general partner of The 1818
Mezzanine Fund, L.P. He has the power to vote and to dispose of the
securities but has no pecuniary interest in such securities.
**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 provided is insufficient, SEE Instruction 6 for procedure.
/s/ Joseph P. Donlan 12/30/97
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**Signature of Reporting Person Date
Joseph P. Donlan