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FORM 3
OMB APPROVAL
OMB Number: 3235-0104
Expires: December 31, 2001
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hours per response 0.5
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
(Print or Type Responses)
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1. Name and Address of Reporting Person*
ERNEST C. GARCIA II
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(Last) (First) (Middle)
2575 E. CAMELBACK ROAD, SUITE 700
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(Street)
PHOENIX ARIZONA 85016
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
12/29/00
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
NATIONAL AUTO CREDIT, INC. (NAKD)
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[X(1)] Director [ X ] 10% Owner
[ ] Officer (give title below) [X(1)] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form filed by One Reporting Person
[X] Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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COMMON STOCK (2) 613,858 I BY VERDE REINSURANCE COMPANY, LTD.
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COMMON STOCK (3) 1,463,146 D
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COMMON STOCK (4) 203,210 D
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COMMON STOCK (5) 135,480 D
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COMMON STOCK (6) 243,860 D
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COMMON STOCK (7) 243,860 D
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COMMON STOCK (8) 81,290 D
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COMMON STOCK (9) 54,190 D
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COMMON STOCK (10) 13,550 D
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COMMON STOCK (11) 6,770 D
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COMMON STOCK (12) 6,770 D
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COMMON STOCK (13) 8,130 D
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COMMON STOCK (14) 5,420 D
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SERIES C PREFERRED STOCK (2) 65,614 I BY VERDE REINSURANCE COMPANY, LTD.
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SERIES C PREFERRED STOCK (3) 1,463,150 D
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SERIES C PREFERRED STOCK (4) 65,614 D
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SERIES C PREFERRED STOCK (5) 65,614 D
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SERIES C PREFERRED STOCK (6) 54,679 D
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SERIES C PREFERRED STOCK (7) 36,452 D
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SERIES C PREFERRED STOCK (8) 21,871 D
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SERIES C PREFERRED STOCK (9) 14,581 D
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SERIES C PREFERRED STOCK (10) 3,645 D
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SERIES C PREFERRED STOCK (11) 6,670 D
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SERIES C PREFERRED STOCK (12) 6,670 D
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SERIES C PREFERRED STOCK (13) 8,130 D
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SERIES C PREFERRED STOCK (14) 5,420 D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
Please see the footnotes on page 4 of this Form.
* If the Form is filed by more than one reporting person, see Instruction
5(b)(v). SEC 1473 (2-99)
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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Explanation of Responses: See footnotes on page 4 of this form.
/s/ ERNEST C. GARCIA II 1/8/01
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a current
valid OMB Number. Page 2SEC 1473 (2-99)
Page 3 of 9 pages
SEC 1473 (2-99)
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(1) Mr. Garcia may be deemed a member of a Section 13(d) "group" that owns more
than 10% of the issuer's outstanding common stock together with Ernest C.
Garcia II, the Ernie Garcia III 2000 Trust, the Brian Garcia 2000 Trust,
Ray Fidel, Steven P. Johnson, Mark Sauder, the EJMS Investors Limited
Partnership, Colin Bachinsky, Chris Rompalo, Donna Clawson, Mary Reiner,
and Kathy Chacon. Steven P. Johnson is expected to become a director of
National Auto Credit, Inc.
(2) These securities are owned indirectly by Ernest C. Garcia as the sole
shareholder of Verde Reinsurance Company, Ltd.
(3) These securities are owned solely by Ernest C. Garcia II.
(4) These securities are owned solely by the Ernest Garcia III 2000 Trust
(5) These securities are owned solely by the Brian Garcia 2000 Trust.
(6) These securities are owned solely by Ray Fidel.
(7) These securities are owned solely by Steven P. Johnson.
(8) These securities are owned solely by Mark Sauder.
(9) These securities are owned solely by the EJMS Investors Limited
Partnership.
(10) These securities are owned solely by Colin Bachinsky.
(11) These securities are owned solely by Chris Rompalo.
(12) These securities are owned solely by Donna Clawson.
(13) These securities are owned solely by Mary Reiner.
(14) These securities are owned solely by Kathy Chacon.
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JOINT FILER INFORMATION
Name: Verde Reinsurance Company, Ltd.
Address: 2575 East Camelback Road, Suite 700
Phoenix, Arizona 85016
Designated Filer: Ernest C. Garcia II
Issuer & Ticker Symbol: National Auto Credit, Inc. (NAKD)
Date of Event Requiring Statement: December 29, 2000
Signature: /s/ ERNEST C. GARCIA II
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Name: ERNEST C. GARCIA II
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Its: Managing Director
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Name: Ernest Garcia III 2000 Trust
Address: 2575 E. Camelback Road, Suite 700
Phoenix, Arizona 85016
Designated Filer: Ernest C. Garcia II
Issuer & Ticker Symbol: National Auto Credit, Inc. (NAKD)
Date of Event Requiring Statement: December 29, 2000
Signature: /s/ STEVEN P. JOHNSON
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Name: Steven P. Johnson
Its: Trustee
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Name: Brian Garcia 2000 Trust
Address: 2575 E. Camelback Road, Suite 700
Phoenix, Arizona 85016
Designated Filer: Ernest C. Garcia II
Issuer & Ticker Symbol: National Auto Credit, Inc. (NAKD)
Date of Event Requiring Statement: December 29, 2000
Signature: /s/ STEVEN P. JOHNSON
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Name: Steven P. Johnson
Its: Trustee
Name: Ray Fidel
Address: 3010 E. Camelback Road, Suite 100
Phoenix, Arizona 85016
Designated Filer: Ernest C. Garcia II
Issuer & Ticker Symbol: National Auto Credit, Inc. (NAKD)
Date of Event Requiring Statement: December 29, 2000
Signature: /s/ RAY FIDEL
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Name: Steven P. Johnson
Address: 2575 E. Camelback Road, Suite 700
Phoenix, Arizona 85016
Designated Filer: Ernest C. Garcia II
Issuer & Ticker Symbol: National Auto Credit, Inc. (NAKD)
Date of Event Requiring Statement: December 29, 2000
Signature: /s/ STEVEN P. JOHNSON
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Name: Mark Sauder
Address: 3010 E. Camelback Road, Suite 100
Phoenix, Arizona 85016
Designated Filer: Ernest C. Garcia II
Issuer & Ticker Symbol: National Auto Credit, Inc. (NAKD)
Date of Event Requiring Statement: December 29, 2000
Signature: /s/ MARK SAUDER
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Name: EJMS Investors Limited Partnership
Address: 3010 E. Camelback Road, Suite 100
Phoenix, Arizona 85016
Designated Filer: Ernest C. Garcia II
Issuer & Ticker Symbol: National Auto Credit, Inc. (NAKD)
Date of Event Requiring Statement: December 29, 2000
Signature: /s/ ERIC SPLAVER
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By: ERIC SPLAVER
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Its: PARTNER
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Name: Colin Bachinsky
Address: 3010 E. Camelback Road, Suite 100
Phoenix, Arizona 85016
Designated Filer: Ernest C. Garcia II
Issuer & Ticker Symbol: National Auto Credit, Inc. (NAKD)
Date of Event Requiring Statement: December 29, 2000
Signature: /s/ COLIN BACHINSKY
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Name: Chris Rompalo
Address: 3010 E. Camelback Road, Suite 100
Phoenix, Arizona 85016
Designated Filer: Ernest C. Garcia II
Issuer & Ticker Symbol: National Auto Credit, Inc. (NAKD)
Date of Event Requiring Statement: December 29, 2000
Signature: /s/ CHRIS ROMPALO
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Name: Donna Clawson
Address: 3010 E. Camelback Road, Suite 100
Phoenix, Arizona 85016
Designated Filer: Ernest C. Garcia II
Issuer & Ticker Symbol: National Auto Credit, Inc. (NAKD)
Date of Event Requiring Statement: December 29, 2000
Signature: /s/ DONNA CLAWSON
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Name: Mary Reiner
Address: 2575 E. Camelback Road, Suite 700
Phoenix, Arizona 85016
Designated Filer: Ernest C. Garcia II
Issuer & Ticker Symbol: National Auto Credit, Inc. (NAKD)
Date of Event Requiring Statement: December 29, 2000
Signature: /s/ MARY REINER
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Page 8 of 9 pages
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Name: Kathy Chacon
Address: 2575 E. Camelback Road, Suite 700
Phoenix, Arizona 85016
Designated Filer: Ernest C. Garcia II
Issuer & Ticker Symbol: National Auto Credit, Inc. (NAKD)
Date of Event Requiring Statement: December 29, 2000
Signature: /s/ KATHY CHACON
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