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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
------ WASHINGTON, D.C. 20549 -------------------------------
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
(Check all applicable)
Workman David J. Ultimate Electronics, Inc. (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)
c/o Ultimate Electronics, Inc. 06/00
321A W. 84th Avenue President
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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 ---
------------------------------------------ Form filed by More than One
(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 06/05/00 M 4,000 A $3.00
.01 par value
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Common Stock 06/05/00 S 4,000 D $27.40625
.01 par value
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Common Stock 06/27/00 M 14,500 A $3.00
.01 par value
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Common Stock 06/27/00 S 14,500 D $26.105
.01 par value
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Common Stock 06/28/00 M 18,525 A $3.00
.01 par value
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Common Stock 06/28/00 S 18,525 D $27.40
.01 par value
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Common Stock 06/28/00 M 19,249 A $3.375
.01 par value
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Common Stock 06/28/00 S 19,249 D $27.40 50,000 D
.01 par value
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
SEC 1474 (8-92)
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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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Employee Stock Options $3.00 06/05/00 M 4,000 Note 1 02/1/06 Common 4,000 $3.00
Stock, .01
par value
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Employee Stock Options $3.00 06/27/00 M 14,500 Note 1 02/1/06 Common 14,500 $3.00
Stock, .01
par value
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Employee Stock Options $3.00 06/28/00 M 18,525 Note 1 02/1/06 Common 18,525 $3.00
Stock, .01
par value
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Employee Stock Options $3.375 06/28/00 M 19,249 Note 2 09/3/07 Common 19,249 $3.375
Stock, .01
par value
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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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Employee Stock Options
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Employee Stock Options
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Employee Stock Options 18,525 D
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Employee Stock Options 47,983 D
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Explanation of Responses:
Note 1: These options were granted on January 31, 1997 as part of 110,268 options granted in exchange for the
cancellation of options granted to Mr. Workman in fiscal 1994, 1995, and 1996. These options vest and become
exercisable in equal annual installments over the six years following the date of grant of the options for which
they were exchanged.
Note 2: These options were granted on September 3, 1997 as part of 67,232 options granted. These options vest
and become exercisable in four equal annual installments commencing September 3, 1998.
** Intentional misstatements or omissions of facts /s/David J. Workman July 10, 2000
constitute Federal Criminal Violations. --------------------------------- -------------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
David J. Workman
Note: File three copies of this Form, one of which must be manually signed.
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