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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
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OMB Number 3235-0287
|_| Check this box if STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Expires: September 30, 1998
no longer subject Estimated average burden
to Section 16. Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, hours per response........0.5
Form 4 or Form 5 Section 17(a) of the Public Utility Holding Company Act of 1935 -------------------------------
obligations may or Section 30(f) of the Investment Company Act of 1940
continue. See
Instruction 1(b)
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1.Name and Address of Reporting Person* 2.Issuer Name AND Ticker or Trading Symbol 6.Relationship of Reporting Person to Issuer
ULTIMATE ELECTRONICS, INC. (Check all applicable)
MCENTIRE J. EDWARD (ULTE) X Director 10% Owner
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(Last) (First) (Middle) 3.IRS or Social Security 4.Statement for X Officer (give Other (Specify
Number of Reporting Month/Year --- title --- below)
Person (Voluntary) below)
MARCH 2000 CHIEF EXECUTIVE OFFICER
321-A WEST 84TH AVENUE
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(Street) 5.If Amendment, 7.Individual or Joint/Group Filing
Date of Original (Check applicable line)
(Month/Year) X Form filed by One Reporting Person
THORNTON CO 80260 ---
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(City) (State) (Zip) --- Reporting Person
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1.Title of Security 2.Trans- 3.Transaction 4.Securities Acquired (A) 5.Amount of 6.Ownership 7.Nature of
(Instr. 3) action Code or Disposed of (D) Securities Form: Indirect
Date (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct (D) or Beneficial
---------------------------------------------- Owned at End Indirect (I) Ownership
(Month/ of Month (Instr. 4) (Instr. 4)
Day/ Code V Amount (A) or Price (Instr. 3 and 4)
Year) (D)
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Common Stock, $.01 3/22/00 G* V 350 D 34,750 I** BY CHILDREN
par value
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). SEC 1474 (7-96)
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FORM 4 (continued) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Expiration Securities Deriv-
Price of (Month/ (Instr. 8) Acquired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
Code V (A) (D) Exer- tion Title Number of
cisable Date Shares
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1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) or (Instr. 4)
of Month Indirect (I)
(Instr. 4) (Instr. 4)
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Explanation of Responses:
* Gift to children who do not reside in reporting person's household.
** The reporting person disclaims beneficial ownership of all securities
held by his children, and this report should not be deemed an admission
that the reporting person is the beneficial owner of such securities
for the purposes of Section 16 or for any other purpose.
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Alan E. Kessock April 4,2000
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Alan E. Kessock Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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