------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to Action Performance Companies, Inc. Issuer (Check all applicable) Wagenhals, Fred W. (ACTN-Nasdaq) --------------------------------------------------------------------------------------------- X Director X 10% Owner (Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- --- Number of Reporting Month/Year X Officer (give Other (Specify 4707 E. Baseline Road Person (Voluntary) September 1999 ---- title --- below) --------------------------------------------- ------------------- below) (Street) 5. If Amendment, Date of Original Chairman of the Board, President, Phoenix, Arizona 80540 (Month/Year) and Chief Executive Officer --------------------------------------------- --------------------------------- (City) (State) (Zip) 7. Individual or Joint group Filing (Check applicable line) X Form filed by One Reporting --- Person --- Form filed by More than One Reporting Person ---------------------------------------------------------------------------------------------------- TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ---------------------------------------------------------------------------------------------------- 1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature (Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In- Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct (Instr. 8) End of Month Direct Benefi- (Month/ (Instr. 3 and 4) (D) or cial Day/ --------------------------------------- Indirect Owner- Year) Code V Amount (A) or Price (I) ship (D) (Instr. 4) (Instr. 4) Common Stock 9/16/99 P 10,000 A $23.00 1,409,599 I(1) By Trust(1) ------------------------------------------------------------------------------------------------------------------------------------ 200,000 I(2) By Partnership(2) ---------------------------------------------------------------------------------------- |