FORM 4
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OMB APPROVAL
[ ] Check this box if no longer subject ------------------------------
to Section 16. Form 4 or Form 5 OMB Number: 3235-0287
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Instruction 1(b). Estimated average burden
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
McNAMARA JAMES J.
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(Last) (First) (Middle)
C/O NATIONAL AUTO CREDIT, INC.
555 MADISON AVENUE, 29TH FLOOR
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(Street)
NEW YORK NEW YORK 10022
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(City) (State) (Zip)
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2. Issuer Name AND Ticker or Trading Symbol
NATIONAL AUTO CREDIT, INC. [NAKD]
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Day/Year
NOVEMBER 15, 2002
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] Director [X] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER
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7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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5.
Amount of
4. Securities 6.
2A. Securities Acquired (A) Beneficially Ownership
Deemed 3. or Disposed of (D) Owned Form: 7.
Execution Transaction (Instr. 3, 4 and 5) Following Direct Nature of
2. Date, if Code ------------------------ Reported (D) or Indirect
1. Transaction any (Instr. 8) (A) Transac- Indirect Beneficial
Title of Security Date (Month/ (Month/Day ----------- or tions(s) (I) Ownership
(Instr. 3) Day/Year) Year) Code V Amount (D) Price (Instr. 3 & 4) (Instr.4) (Instr.4)
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COMMON STOCK,
PAR VALUE $.05 11/15/02 P 237,400 A 0.1568 2,135,075 D
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Reminder: Report on a separate ine for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL
NUMBER
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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9.
Number 10.
of Owner-
Deriv- ship
ative Form
2. Secur- of
Conver- 5. 7. ities Deriv- 11.
sion Number of Title and Amount Bene- ative Nature
or 3A. Derivative 6. of Underlying 8. ficially Secur- of
Exer- Deemed 4. Securities Date Securities Price Owned ity: In-
cise 3. Execu- Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct
Price Trans- tion action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene-
1. of action Date, Code of (D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- Date if any (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner-
Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity action(s) (I) ship
Security Secur- Day/ Day/ ------- ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Options to Common
purchase Stock,
(right to par value
buy) 0.664 12/15/02 J(1) V 250,000 12/15/02 12/14/10 $.05 250,000 -0- 750,000 D
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Explanation of Responses:
(1) Expected vesting of options granted on December 15, 2000.
By: /s/ James J. McNamara
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James J. McNamara Date 11/15/02
**Signature of Reporting Person
** 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.
Persons who respond to the collection of information contained in this form are
not required to respond unless the form displays a currently valid OMB Number.