UGC 5101 (z = 0.04; D is approximately equal to 240 Mpc) is one of the so called Ultraluminous IRAS sources. Two important properties of the members of this group are their L(sub IR) is greater than or equal to 10(exp 12) solar luminosity, and their space density in the universe up to z is less than 0.1 is equal or even larger than the space density of the quasars. Further noteworthy features of the Ultraluminous IRAS sources are their being morphologically peculiar and the fact that they all seem to host active nuclei in their center. We have observed UGC 5101 in an effort to study the interplay between the gas ionized by the central active nucleus and that gas ionized by other processes which may hold important clues to the understanding of the entire picture of this object. In particular these other ionizing processes could well be massive stars formed recently after the galactic encounter and shocks possibly also related to the galaxy collision. The data that we discuss were obtained between Dec. 1989 and Jan. 1992 with the WHT 4.2 m telescope using the two-arm spectrograph ISIS. Several spectral frames were obtained at three different position angles: PA 84--along the tail of the galaxy; PA 32--along the dust lane; and PA 110. The blue spectra are centered on the H beta line, while the red spectra are centered on the H alpha line. In the configuration we used for the long slit spectra, the spectral scale was 0.74 A per pixel, and the spatial scale was .37 arcsec per pixel; we also observed the H alpha region with a spectral scale of .37 A per pixel, at position angle 84. The narrow band images were obtained at the auxiliary port of ISIS, with a scale of .2 arcsec per pixel, and were centered at the H alpha wavelength, and on the adjacent continuum. The H alpha images and the spectra support the following model. UGC 5101 hosts an active nucleus; the NLR extends up to about 1.5 kpc and shows a complex velocity field, superimposed on the rotation curve of the galaxy. Besides the NLR, in the H alpha image are visible tow bright cones that extend up to 3 kpc along PA 32. The long slit spectra at PA 32 show that the velocity field of the gas in these regions is peculiar, while the ionization structure of the gas is similar to that of the NLR.