X0201 4/A 2003-08-11 2003-08-13 0 0001021113 GUITAR CENTER INC GTRC 0001106607 JP MORGAN PARTNERS BHCA LP J.P. MORGAN PARTNERS 1221 AVENUE OF THE AMERICAS 40TH FLOOR NEW YORK NY 10020 0 0 1 0 Common Stock 2003-08-11 4 M 0 5000 28.5625 A 1177175 D Common Stock 2003-08-11 4 M 0 5000 16.4375 A 1177175 D Common Stock 2003-08-11 4 M 0 5000 13.5625 A 1177175 D Common Stock 2003-08-11 4 M 0 1966 11.5281 A 1177175 D Common Stock 2003-08-11 4 M 0 1839 12.325 A 1177175 D Common Stock 2003-08-11 4 M 0 2032 11.1563 A 1177175 D Common Stock 2003-08-11 4 M 0 1610 14.0781 A 1177175 D Common Stock 2003-08-11 4 M 0 1667 19.2350 A 1177175 D Common Stock 2003-08-11 4 M 0 1667 19.2350 A 1177175 D Common Stock 2003-08-11 4 M 0 1386 16.3498 A 1177175 D Common Stock 2003-08-11 4 M 0 1334 16.65 A 1177175 D Common Stock 2003-08-11 4 M 0 4004 14.1525 A 1177175 D Common Stock 2003-08-11 4 M 0 1178 12.0233 A 1177175 D Common Stock 2003-08-11 4 M 0 1035 13.6935 A 1177175 D Common Stock 2003-08-11 4 M 0 856 16.5538 A 1177175 D Common Stock 2003-08-11 4 M 0 2334 19.4750 A 1177175 D Common Stock 2003-08-11 4 M 0 4824 14.6838 A 1177175 D Common Stock 2003-08-11 4 M 0 873 16.2308 A 1177175 D Common Stock 2003-08-11 4 M 0 720 19.6818 A 1177175 D Common Stock 2003-08-11 4 S 0 160000 33.33 D 1177175 D Common Stock 2003-08-11 4 S 0 155000 33.20 D 1177175 D Common Stock 2003-08-11 4 S 0 10000 33.21 D 1177175 D Common Stock 2003-08-11 4 S 0 20000 33.23 D 1177175 D Common Stock 2003-08-11 4 S 0 10000 33.29 D 1177175 D Common Stock 2003-08-11 4 S 0 62576 4.33 D 1177175 D Stock Option (right to purchase) 28.5625 2003-08-11 4 M 0 1667 0 D 1999-05-06 2008-05-06 Common Stock 1667 0 I See footnote Stock Option (right to purchase) 28.5625 2003-08-11 4 M 0 1667 0 D 2000-05-06 2008-05-06 Common Stock 1667 0 I See footnote Stock Option (right to purchase) 28.5625 2003-08-11 4 M 0 1666 0 D 2001-05-06 2008-05-06 Common Stock 1666 0 I See footnote Stock Option (right to purchase) 16.4375 2003-08-11 4 M 0 1667 0 D 2000-04-26 2009-04-26 Common Stock 1667 0 I See footnote Stock Option (right to purchase) 16.4375 2003-08-11 4 M 0 1667 0 D 2001-04-26 2009-04-26 Common Stock 1667 0 I See footnote Stock Option (right to purchase) 16.4375 2003-08-11 4 M 0 1666 0 D 2002-04-26 2009-04-26 Common Stock 1666 0 I See footnote Stock Option (right to purchase) 13.5625 2003-08-11 4 M 0 5000 0 D 2001-05-02 2010-05-02 Common Stock 5000 0 I See footnote Stock Option (right to purchase) 11.5281 2003-08-11 4 M 0 1966 0 D 2000-05-02 2010-05-02 Common Stock 1966 0 I See footnote Stock Option (right to purchase) 12.325 2003-08-11 4 M 0 1839 0 D 2000-07-27 2010-07-27 Common Stock 1839 0 I See footnote Stock Option (right to purchase) 11.1563 2003-08-11 4 M 0 2032 0 D 2000-11-02 2010-11-02 Common Stock 2032 0 I See footnote Stock Option (right to purchase) 14.0781 2003-08-11 4 M 0 1610 0 D 2001-02-08 2011-02-08 Common Stock 1610 0 I See footnote Stock Option (right to purchase) 19.2350 2003-08-11 4 M 0 1667 0 D 2002-04-26 2011-04-26 Common Stock 1667 0 I See footnote Stock Option (right to purchase) 19.2350 2003-08-11 4 M 0 1667 0 D 2003-04-26 2011-04-26 Common Stock 1667 0 I See footnote Stock Option (right to purchase) 16.3498 2003-08-11 4 M 0 1386 0 D 2001-04-26 2011-04-26 Common Stock 1386 0 I See footnote Stock Option (right to purchase) 14.1525 2003-08-11 4 M 0 4004 0 D 2001-07-26 2011-07-26 Common Stock 4004 0 I See footnote Stock Option (right to purchase) 16.65 2003-08-11 4 M 0 1334 0 D 2002-07-26 2011-07-26 Common Stock 666 666 I See footnote Stock Option (right to purchase) 12.0233 2003-08-11 4 M 0 1178 0 D 2001-10-25 2011-10-25 Common Stock 1178 0 I See footnote Stock Option (right to purchase) 13.6935 2003-08-11 4 M 0 1035 0 D 2002-02-22 2012-02-22 Common Stock 1035 0 I See footnote Stock Option (right to purchase) 16.5538 2003-08-11 4 M 0 856 0 D 2002-05-03 2012-05-03 Common Stock 856 0 I See footnote Stock Option (right to purchase) 19.4750 2003-08-11 4 M 0 2334 0 D 2002-05-03 2012-05-03 Common Stock 4666 4666 I See footnote Stock Option (right to purchase) 14.6838 2003-08-11 4 M 0 4824 0 D 2002-07-30 2012-07-30 Common Stock 4824 0 I See footnote Stock Option (right to purchase) 16.2308 2003-08-11 4 M 0 873 0 D 2002-11-07 2012-11-07 Common Stock 873 0 I See footnote Stock Option (right to purchase) 19.6818 2003-08-11 4 M 0 720 0 D 2003-04-30 2013-04-30 Common Stock 720 0 I See footnote Stock Option (right to purchase) 19.2350 2004-04-26 2011-04-26 Common Stock 1666 1666 I See footnote Stock Option (right to purchase) 23.150 2004-04-30 2013-04-30 Common Stock 7000 7000 I See footnote The amounts shown represent the beneficial ownership of the Issuer's equity securities by J.P. Morgan Partners (SBIC), LLC ("JPM SBIC") and the Reporting Person. The stock options were granted to Jeffrey Walker, a director of the Issuer, the President of JPM SBIC and a limited partner of JPMP Master Fund Manager, L.P., the general partner of JPM BHCA. Mr. Walker is obligated to exercise the options, and to transfer any shares issued under the stock options to JPM SBIC, at the request of JPM SBIC. These options became exercisable in three annual installments, commencing April 26, 2000, April 26, 2001 and April 26, 2002. These options became exercisable in three annual installments on May 2, 2001, May 2, 2002 and May 2, 2003. These options become exercisable in three annual installments, commencing July 27, 2002, July 27, 2003 and July 27, 2004. These options become exercisable in three annual installments, commencing May 3, 2003, May 3, 2004 and May 3, 2005. These options become exercisable in three annual installments, commencing May 3, 2004, May 3, 2005 and May 3, 2006. The amounts shown in rows 21-23 and 25 of Table II represent the beneficial ownership of the Issuer's equity securities by JPM SBIC, a portion of which may be deemed attributable to the Reporting Person because the Reporting Person is the sole member of JPM SBIC. Jeffrey C. Walker 2004-01-07