SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 17, 1997
Mercury Finance Company
(Exact name of registrant as specified in charter)
Delaware 1-10176 36-3627010
(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 Field Drive, Lake Forest, Illinois 60045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (847) 295-8600
N/A
(Former name or former address, if changed since last report)
Item 5. Other Events.
On June 17, 1997, the Registrant announced that it has revised and re-
established its stock option program for key employees. As part of the
implementation of that program, 408 employees were given the opportunity to
receive new stock options with an exercise price equal to $3.00 per share
covering the same number of option shares that these employees held under
earlier options with a vesting schedule that vests the options over an 18-month
period. In addition, the Registrant granted new stock options for a total of
approximately 709,000 shares of common stock, also exercisable at $3.00 per
share to a total of 304 employees. The Registrant believes that these grants
are necessary and appropriate to motivate and retain key employees necessary for
the ongoing turnaround of the Registrant.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Mercury Finance Company
Date: 25 June, 1997 By: /s/ William A. Brandt, Jr.
Its: President/CEO
