U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Longenecker, Chester D.
250 East Carpenter Freeway
Irving, TX 75062-2729
2. Issuer Name and Ticker or Trading Symbol
Associates First Capital Corporation
AFS
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
5/1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Executive Vice President and General Counsel
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Class A Common Stock |5/8/19|A(1)|V|5,180 |A |(1) | |D | |
|96 | | | | | | | | |
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Class A Common Stock |5/8/19|J(2)| |5,000 |A |$29.00 |10,180 |D | |
|96 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option with Stock Appr|$29.00 |5/8/1|A (3|V|30,170 |A |(3) |5/7/2|Class A Comm|30,170 |(3) |30,170 |D | |
eciation Rights | |996 |) | | | | |006 |on Stock | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
1. These restricted shares of Class A Common Stock were granted by the issuer
without payment by me. The grant includes the right, subject to
approval by the issuer, to have shares withheld to satisfy income tax
obligations.
2. Purchased from underwriter in initial public offering at public offering
price.
3. These options with tandem stock appreciation rights were granted without
payment by me. Stock appreciation rights were granted in tandem with
all of these options. The options and tandem stock appreciation rights are
exercisable, as to 15,520 shares, in full five years after the date of grant.
The options and tandem stock appreciation rights are exercisable, as to 14,650,
to the extent of 33 1/3% of such shares after one year from the date
of grant, 66 2/3% after two years and in full after three years. The options
and tandem stock appreciation rights include the right, subject to approval
by the issuer, to have shares withheld to satisfy income tax
obligations.
SIGNATURE OF REPORTING PERSON
/s/ Timothy M. Hayes signing on behalf of C. D. Longenecker
DATE
June 4, 1996
