  We describe observations of the apparently empty ring galaxy ESO 474-G040
obtained with the Southern African Large Telescope (SALT). The observations,
consisting of imaging, long-slit spectroscopy and Fabry-Perot mapping of the
H-alpha line, allow determining the ring kinematics as well as estimating the
metallicity of the ring and the stellar population composition in its various
parts. We propose that the object could best be understood as being the result
of a past merger of disk galaxies, which formed a gas ring that subsequently
disrupted via the bead instability and is presently forming stars.
