UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
ARNOLD, LARRY G.
6207 S. FOREST CT
LITTLETON, CO 80121
USA
2. Issuer Name and Ticker or Trading Symbol
ONLINE POWER SUPPLY, INC.
OPWR
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
FEBRUARY 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner ( ) Officer (give title below) (X) Other
(specify below)
FORMER CHAIRMAN, CEO (a)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
$.0001 Par Value Common|02/29/|N/A | |NONE | |N/A |1,349,427 |D | |
Stock |00 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Right to Buy - Non-qu|$5.50 |N/A |N/A | |N/A N/A |A,D|03/04|03/04|$.0001 Par V|N/A |N/A |500,000 |D | |
alified Options | | | | | | |/98 |/04 |alue Common | | | | | |
| | | | | | | | |Stock | | | | | |
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Right to Buy - Qualif|$6.18 |N/A |N/A | |N/A N/A |A,D|12/14|12/05|$.0001 Par V|N/A |N/A |11,650 |D | |
ied Options | | | | | | |/99 |/09 |alue Common | | | | | |
| | | | | | | | |Stock | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(a) The Reporting Person resigned his positions as director, chairman and CEO
of the issuer on February 29, 2000.
SIGNATURE OF REPORTING PERSON
/s/ LARRY G. ARNOLD
DATE
MARCH 6, 2000
