<PAGE>
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 this box if no longer subject to / / Form 3 Holdings Reported
Section 16. Form 4 or Form 5 obligations / / Form 4 Transactions Reported
may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Fischbach Gregory E.
(Last) (First) (Middle)
One Acclaim Plaza
(Street)
Glen Cove New York 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 31, 1998
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)
Chief Executive Officer; President
7. Individual or Joint/Group Reporting (check applicable line)
/X/ Form Filed by One Reporting Person
/ / Form Filed by More than One Reporting Person
* If the form is filed by more than one reporting person, see instruction
4(b)(v).
<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>
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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<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>
Options (rights to buy) $4.0625 09/19/97 A(1) 400,000 (1) 09/18/07
Options (rights to buy) $17.00 09/19/97 D(2) 150,000 (2) 08/14/04
Options (rights to buy) $13.75 09/19/97 D(3) 150,000 (3) 04/30/98
Options (rights to buy) $4.125 01/09/98 A(4) 150,000 (4) 01/08/08
Options (rights to buy) $13.25 01/09/98 D(5) 150,000 (5) 04/13/04
<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 Month (I) Ownership
Security (Instr. 3) Shares (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
- --------------------------- --------------------------- ----------- ------------- ------------- -------------- ---------------
<S> <C> <C> <C> <C> <C> <C>
Options (rights to buy) (1) 400,000 400,000 D
Options (rights to buy) (2) 150,000 0 D
Options (rights to buy) (3) 150,000 0 D
Options (rights to buy) (4) 150,000 150,000 D
Options (rights to buy) (5) 150,000 0 D
</TABLE>
Explanation of Responses:
(1) This option represents the right to buy 400,000 shares of common stock
under the registrant's 1988 Stock Option Plan. The option becomes exercisable in
thirds on the first, second and third anniversaries, respectively, of the date
of grant. Of the 400,000 options granted, 300,000 options were granted in lieu
of, and subject to cancellation by the reporting person of, previously granted
options. See footnotes (2) and (3).
(2) This option represented the right to buy 150,000 shares of common stock
under the registrant's 1988 Stock Option Plan. The option vested in three equal
installments on August 14, 1995, August 14, 1996 and August 14, 1997.
(3) This option represented the right to buy 150,000 shares of common stock
under the registrant's 1988 Stock Option Plan. The option vested in three equal
intallments on April 30, 1996, April 30, 1997 and April 30, 1998.
(4) This option represents the right to buy 150,000 shares of common stock
under the registrant's 1988 Stock Option Plan. The option becomes exercisable in
thirds on the first, second and third anniversaries, respectively, of the date
of grant. The options were granted in lieu of, and subject to cancellation by
the reporting person of, previously granted options. See footnote (5).
(5) This option represented the right to buy 150,000 shares of common stock
under the registrant's 1988 Stock Option Plan. The option vested in three equal
installments on April 13, 1995, April 13, 1996 and April 13, 1997.
/s/ Gregory E. Fischbach October 1, 1998
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**Signature of Reporting Person Date
Gregory E. Fischbach
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
