X0201 3 2004-01-05 0 0000911626 ULTIMATE ELECTRONICS INC ULTE 0001275559 PEARSE WILLIAM J III C/O ULTIMATE ELECTRONICS, INC. 321 WEST 84TH AVENUE, SUITE A THORNTON CO 80260 0 1 0 0 Sr VP Mktg & Merchandising Common Stock 18930.16 I See Footnote Common Stock 3334.00 D Employee Stock Option (Right to Buy) 15.1250 2009-08-03 Common Stock 7500 D Employee Stock Option (Right to Buy) 31.0000 2011-02-05 Common Stock 5000 D Employee Stock Option (Right to Buy) 27.8200 2012-02-05 Common Stock 1120 D Employee Stock Option (Right to Buy) 30.6000 2012-02-05 Common Stock 3880 D Employee Stock Option (Right to Buy) 9.4600 2013-02-14 Common Stock 4105 D Employee Stock Option (Right to Buy) 8.6000 2013-02-14 Common Stock 895 D Employee Stock Option (Right to Buy) 9.1300 2013-05-16 Common Stock 4897 D Employee Stock Option (Right to Buy) 10.0400 2013-05-16 Common Stock 8903 D As of February 5, 2003, the reporting person held 18,930.16 shares of Ultimate Electronics, Inc.'s (the "Company") common stock under the Company's 401(k) Retirement Savings Plan. Option granted pursuant to the Company's 1997 Equity Incentive Plan. This option was granted on August 3, 1999 and became exercisable as to 3,333 shares on August 3, 2000; 3,333 shares on August 3, 2001; and 3,334 shares on August 3, 2002. Option granted pursuant to the Company's 2000 Equity Incentive Plan. This option was granted on February 5, 2001 and became exercisable as to 1,666 shares on February 5, 2002 and 1,667 shares on February 5, 2003 and becomes exercisable as to the remaining 1,667 shares on February 5, 2004. Option granted pursuant to the Company's 2000 Equity Incentive Plan. This option was granted on February 5, 2002 and became exercisable as to all 1,120 shares on February 5, 2003. Option granted pursuant to the Company's 2000 Equity Incentive Plan. This option was granted on February 5, 2002 and became exercisable as to 546 shares on February 5, 2003 and becomes exercisable as to 1,667 shares on February 5, 2004 and 1,667 shares on February 5, 2005. Option granted pursuant to the Company's 2000 Equity Incentive Plan. This option was granted on February 14, 2003 and becomes exercisable as to 771 on February 14, 2004; 1,667 on February 14, 2005; and 1,667 on February 14, 2006. Option granted pursuant to the Company's 2000 Equity Incentive Plan. This option was granted on February 14, 2003 and becomes exercisable as to 298 shares on February 14, 2004; as to 298 shares on February 14, 2005; and as to 299 shares on February 14, 2006. Option granted pursuant to the Company's 2000 Equity Incentive Plan. This option was granted on May 16, 2003 and becomes exercisable as to 4,599 shares on May 16, 2004 and 298 shares on May 16, 2005. Option granted pursuant to the Company's 2000 Equity Incentive Plan. The option was granted on May 16, 2003 and becomes exercisable as to 4,303 shares on May 16, 2005 and 4,600 shares on May 16, 2006. /s/ John Bauer-Martinez on behalf of William J. Pearse, III 2004-01-15