U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
/ / Check box if no longer subject to Section 16
Form 4 or Form 5 obligations may continue. See Instruction 1(b).
/ / Form 3 Holdings Reported
/ / Form 4 Transactions Reported
1. Name and Address of Reporting Person
SCOROPOSKI, JAMES R.
(Last) (First) (Middle)
One Acclaim Plaza
(Street)
Glen Cove, NY 11542
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ACCLAIM ENTERTAINMENT, INC. ("AKLM")
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
August, 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
/x/ Director /x/ 10% Owner
/x/ Officer (give title below) / / Other (specify below)
Senior Executive Vice President,
Secretary and Treasurer
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
5. Amount
of Secu-
rities
Bene-
ficially
4. Securities Acquired (A) Owned at 6. Ownership
2. Trans- or Disposed of (D) End of Form:
action (Instr. 3, 4 and 5) Issuer's Direct 7. Nature of
Date 3. Trans- ----------------------------- Fiscal (D) or Indirect
(Month/ action (A) Year Indirect Beneficial
1. Title of Security Day/ Code Amount or Price (Instr. (I) Ownership
(Instr. 3) Year) (Instr. 8) (D) 3 and 4) (Instr. 4) (Instr. 4)
- ----------------------------- ---------- ------------- ------------ --- ---------- ----------- ------------- ---------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, par value $0.02 12/20/95 M 60,000 A $2.291 4,082,399 D
per share
Common Stock, par value $0.02 8/16/96 M 75,000 A $2.154 4,082,399 D (5)
per share 36,276 I
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<TABLE>
<CAPTION>
Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
2. Conver- 5. Number of Deriv- 6. Date Exercisable
sion or 3. Trans- ative Securities and Expiration Date
Exercise action Acquired (A) or (Month/Day/Year)
Price of Date Disposed of (D) ----------------------
Deriv- (Month/ 4. Transac- (Instr. 3, 4, and 5) Date
1. Title of Derivative Security ative Day/ tion Code -------------------------- Exercis- Expiration
(Instr. 3) Security Year) (Instr. 8) (A) (D) able Date
- ---------------------------------------- ----------- ---------- ------------- ------------ ------------ ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Warrants $2.417 (1) A (1) (1) (1) 7/25/01
Warrants $3.00 (2) A (2) (2) (2) 10/2/01
Options (right to buy) $2.291 12/20/95 M (3) (3) (3) (3)
Options (right to buy) $2.154 8/16/96 M (4) (4) (4) (4)
Options (right to buy) $7.50 (6) A (6) (6) (6) 7/24/01
<CAPTION>
9. Number of 10. Ownership
Derivative of
Securities Derivative
7. Title and Amount of Underlying Benefi- Security:
Securities (Instr. 3 and 4) cially Direct 11. Nature of
---------------------------------------- 8. Price of Owned at (D) or Indirect
Amount or Derivative End of Indirect Beneficial
1. Title of Derivative Title Number of Security Year (I) Ownership
Security (Instr. 3) Shares (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
- --------------------------- --------------------------- ----------- ------------- ------------- -------------- ---------------
<S> <C> <C> <C> <C> <C> <C>
Warrants c/s 750,000 (1) 750,000 D
Warrants c/s 565,000 (2) 565,000 D
Options (right to buy) c/s 60,000 (3) 0 D
Options (right to buy) c/s 75,000 (4) 0 D
Options (right to buy) c/s 150,000 (6) 150,000 D
</TABLE>
Explanation of Responses:
(1) The expiration date of this warrant, granted in January 1991, was extended
from July 25, 1996 to July 25, 2001.
(2) The expiration date of this warrant, granted in April 1991, was extended
from October 2, 1996 to October 2, 2001.
(3) These options were granted under the registrant's 1988 Stock Option Plan in
a transaction exempt under old Rule 16b-3.
(4) These options were granted under the registrant's 1988 Stock Option Plan in
a transaction exempt under old Rule 16b-3.
(5) Represents shares held by two trust settled by Mr. Scoroposki for the
benefit of his children. Mr. Scoroposki has neither the power to vote nor
the power to dispose of the shares held in said trusts; he does, however,
retain the power to revoke the trusts and appoint new trustees.
(6) These nonincentive stock options were granted to Mr. Scoroposki under the
registrant's 1988 Stock Option Plan; such options become exercisable in
thirds, on the first, second and third anniversaries, respectively, of the
date of grant.
/s/ James R. Scoroposki October 11, 1996
- --------------------------------------- --------------------------
**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).