FORM 4 OMB APPROVAL
___ Check this box if no longer OMB Number 3235-0287
subject to Section 16. Form 4 Expires: September 30, 1998
or Form 5 obligations may Estimated average burden
continue. See Instruction 1(b). Hours per response....... 0.5
UNITED STATES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
<TABLE>
<S> <C> <C>
- --------------------------- --------------------------- -----------------------------------------------
1-Name and Address of 2-Issuer name and Ticker or 6-Relationship of Reporting
Reporting Person* Trading Symbol Person(s) to Issuer
Betker Mark A. Koala Corporation KARE (Check all applicable)
(Last) (First) (Middle) _X_ Director ____ 10% Owner
_X_ Officer (give ____ Other (specify
c/o Koala Corporation title below) below)
11600 E. 53rd Avenue, Unit D Chairman, President & Chief Executive Officer
Denver CO 80239 ---------------------------------------------
(City) (State) (Zip)
- ------------------------------------------------------------------------------------------------------------------------------------
3. IRS or Social Security 4. Statement for Month/Year
Number of Reporting
Person (Voluntary)
5. If Amendment, 7. Individual or Joint/Group Filing
Date of (Check Applicable Line)
(Month/Year) _X_ Form filed by One Reporting Person
August 1999 ___ Form filed by More than One Reporting Person
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ---------------------------------------------------------------- -------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Transaction 4. Securities Acquired 5. Amount of 6.Owner-ship 7. Nature of
(Instr. 3) action Code (A) orDisposed of (D) Securities form: Indirect
Date (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct (D) Beneficial
Owned at End or Indirect (I) Ownership
(Month/ Code V Amount (A)or(D) Price of Month (Instr. 4) (Instr. 4)
Day/
Year) (Instr. 3 and 4)
- ---------------------- --------- ------ ---- ------ ------- ------ ---------------- --------------- -----------
<S> <C> <C> <C> <C> <C> <C>
Common Stock 8/12/99 M 30,000 A $9.25 36,000(1) D
</TABLE>
*If the form is filed by more than one Reporting Person, see Instruction
4(b)(v). Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
(Over)
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1. Title of 2.Conversion 3. Trans- 4.Trans- 5. Number of 6.Date Exercisable 7. Title and Amount of
Derivative or action action Derivative and Expiration Underlying Securities
Security exercise Date Code Securities Date (Instr. 3 and 4)
(Instr. 3) Price of (Month/ (Instr.8) Acquired (A) (Month/Day/Year)
Deri- Day/ or Dis-
vative Year) posed of (D)
Security (Instr. 3,
4 and 5)
Date Expiration Title Amount or
Exer- Date Number of
Code V (A) (D) cisable Shares
- -------------- ---------- ------------- -------- ---- ----- ------- --------- --------- --------- ---------
Employee Stock $9.25 8/12/99 M 30,000 11/3/98* 11/2/05 Common 30,000
Option Stock
(Right to Buy)
8.Price of 9. Number of 10. Ownership 11. Nature of
Derivative Derivative Form of Indirect
Security Securities Derivative Beneficial
Beneficially Securities Ownership
(Instr. 5) Owned at Direct (D) (Instr. 4)
End of or Indirect(I)
Month (Instr. 4)
(Inst. 4)
------------- --------------- ----------------- ----------------
241,000** D
(1)
</TABLE>
Explanation of Responses:
* Options for 10,000 shares each were exercisable on 11/3/96,
11/3/97 and 11/3/98.
** Original August, 1999 filing contained a typographical error incorrectly
reporting this figure as 141,000.
(1) Both the Amount of Securities Beneficially Owned at End of Month and Number
of Derivative Securities Beneficially Owned at End of Month reflect totals
as they existed in the month of August, 1999, and prior to the two for one
share split which occurred on 10/28/99.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. SS 1001 and 15 U.S.C. SS 78ff(a).
Note: File three copies of this Form, on of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
/s/ Mark A. Betker November 8, 1999
- ------------------ ---------------
**Signature of Reporting Person Date
