X0202 5 2004-09-30 0 0 1 0000892147 ACTION PERFORMANCE COMPANIES INC ATN 0000937437 WAGENHALS FRED W 1480 SOUTH HOHOKAM DRIVE TEMPE AZ 85281 1 1 1 0 Chairman, President, and CEO Employee Stock Option (Right to Buy) 14.77 2004-02-04 4 A 0 L 93229 0.00 A 2014-02-04 Common Stock 93229 93229 D Employee Stock Option (Right to Buy) 16.25 2004-02-04 4 A 0 L 6771 0.00 A 2014-02-04 Common Stock 6771 6771 D 33,332 of the options shall vest and become exercisable on the first anniversary of the date of grant; 33,333 of the options shall vest and become exercisable on the second anniversary of the date of grant; and 26,564 of the options shall vest and become exercisable on the third anniversary of the date of grant. 1 of the options shall vest and become exercisable on the first anniversary of the date of grant and 6,770 of the options shall vest and become exercisable on the third anniversary of the date of grant. Fred W. Wagenhals 2004-10-25