<TABLE>
- ------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION ------------------------------
FORM 3 Washington, D.C. 20549 OMB Approval
- ------------------------- INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES ------------------------------
OMB Number: 3235-0104
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Expires: December 31, 2001
Section 17(a) of the Public Utility Holding Company Act of 1935 or Estimated average burden
Section 30(f) of the Investment Company Act of 1940 hours per response.......0.5
------------------------------
<CAPTION>
(Print or Type Responses)
- ------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer name and Ticker or Trading Symbol
Statement (Month/Day/Year)
10/01/1999 National Auto Finance Company, Inc. (NAFI)
Manufacturers Life Insurance -----------------------------------------------------------------------------------------
Company (U.S.A.)
------------------------------------ 3. I.R.S. Identification 5. Relationship of Reporting 6. If Amendment, Date of
(Last) (First) (Middle) Number of Reporting Person(s) to Issuer Original
Person, if an entity (Check all applicable) (Month/Day/Year)
c/o Manulife Financial (voluntary)
73 Tremont Street, Suite 1300 [ ] Director
------------------------------------ [ ] Officer ----------------------------
(Street) (give title below) 7. Individual or Joint/Group
[X] 10% Owner Filing
[ ] Other (Check Applicable Line)
Boston Massachusetts 02108-5609 (specify below) [X] Form filed by One
------------------------------------ Reporting Person
(City) (State) (Zip) [ ] Form filed by More
------------------------- than One Reporting
Person
- ------------------------------------------------------------------------------------------------------------------------------------
TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Amount of Securities 3. Ownership Form: Direct (D) 4. Nature of Indirect
(Instr. 4) Beneficially Owned or Indirect (I) (Instr. 5) Beneficial Ownership
(Instr. 4) (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 1,178,572 D
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 5(b)(v).
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 CONTROL NUMBER
Page 1 of 2
SEC 1473 (3-99)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 3 (CONTINUED)
TABLE II-- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of 2. Date Exer- 3. Title and Amount of 4. Conversion or 5. Ownership 6. Nature of
Derivative cisable and Securities Underlying Exercise Price Form of Indirect
Security Expiration Derivative Security of Derivative Derivative Beneficial
(Instr. 4) Date (Instr. 4) Security Security: Ownership
(Month/Day/Year) Direct (D) or (Instr. 5)
Indirect (I)
(Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
Date Expira- Title Amount or
Exer- tion Number of
cisable Date Shares
- ------------------------------------------------------------------------------------------------------------------------------------
Convertible Senior
Subordinated Promissory Immed. N/A Common Stock 813,215 shares (1) $0.75 (D)
Notes ("Convertible
Notes"))
- ------------------------------------------------------------------------------------------------------------------------------------
Warrants Immed. N/A Common Stock 259,731 shares N/A (D)
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses:
(1) The amount of each such Convertible Note, the date issued, and the number of shares of Common Stock into which each Convertible
Note was convertible (at the price of $0.75 per share) is as follows: $138,541.00 pursuant to the Convertible Note issued on July 1,
1999, convertible into 184,721 shares; $152,550.00 pursuant to the Convertible Note issued on October 1, 1999, convertible into
203,400 shares; $157,079.00 pursuant to the Convertible Note issued on January 1, 2000, convertible into 209,438 shares; and
$161,742.00 pursuant to the Convertible Note issued on April 1, 2000, convertible into 215,656 shares.
** 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 /s/ Raymond L. Britt May 23, 2000
signed. If space is insufficient, see Instruction 6 for ----------------------------------- --------------------
procedure. ** Signature of Reporting Person Date
Page 2 of 2
SEC 1473 (3-99)
</TABLE>
