X0101 4 2003-07-01 0000892147 ACTION PERFORMANCE COMPANIES INC ATN 0001135018 SAB CAPITAL ADVISORS LLC 0 0 1 0 0001090963 SAB CAPITAL PARTNERS LP 0 0 1 0 0001251940 SAB CAPITAL PARTNERS II LP 0 0 1 0 0001135020 SAB CAPITAL MANAGEMENT LLC 0 0 1 0 0001251938 SAB OVERSEAS CAPITAL MANAGEMENT LP 0 0 1 0 0001251933 BOMMER SCOTT A 0 0 1 0 Common Stock, $.01 par value per share ("Common Stock") 2003-07-01 4 P 0 150000 18.49 A 2088500 I See Footnotes Common Stock 2003-07-01 4 P 0 400 18.77 A 2088900 I See Footnotes The shares of Common Stock to which this note relates are held directly by SAB Capital Partners, L.P., a Delaware limited partnership ("SAB"), as to 82,938 shares; SAB Capital Partners II, L.P., a Delaware limited partnership ("SAB II"), as to 3,994 shares; and SAB Overseas Fund, Ltd., a Cayman Islands exempted company ("SAB Overseas"), as to 63,068 shares. The shares of Common Stock to which this note relates are held directly by SAB as to 191 shares, SAB II as to 5 shares and SAB Overseas as to 204 shares. SAB Capital Advisors, L.L.C. (the "General Partner") serves as the general partner of, and has investment discretion over the securities held by, SAB and SAB II. SAB Overseas Capital Management, L.P. (the "Investment Manager") serves as investment manager to, and has investment discreition over the securities held by, SAB Overseas. SAB Capital Management, L.L.C. (the "IMGP") serves as the general partner to the Investment Manager. Scott A. Bommer is the managing member of the General Partner and the IMGP. /s/ Scott A. Bommer, Managing Member of SAB Capital Advisors, L.L.C. 2003-07-03 /s/ Scott A. Bommer, on behalf of SAB Capital Partners, L.P. 2003-07-03 /s/ Scott A. Bommer, on behalf of SAB Capital Partners II, L.P. 2003-07-03 /s/ Scott A. Bommer, Managing Member of SAB Capital Management, L.L.C. 2003-07-03 /s/ Scott A. Bommer, on behalf of SAB Overseas Capital Management, L.P. 2003-07-03 /s/ Scott A. Bommer 2003-07-03