1. Name and Address of Reporting Person
Kalov, Jerry
2760 Edgewood Lane
Riverwoods, Illinois 60015
2. Issuer Name and Ticker or Trading Symbol
Cobra Electronics Corporation
COBR
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
November 1997
5. If Amendment, Date of Original (Month/Year)
Not Applicable
6. Relationship of Reporting Person to Issuer
xxx Director
xxx Officer (give title below)
President and Chief Executive Officer
xxx 10 percent owner
___ Other (specify below)
7. Individual or Joint Group Filing (check applicable line)
xxx Form filed for One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
1. Title of Security - Common Stock
2. Transaction Date - November 3, 1997
3. Transaction Code - F
4. Securities Acquired (A) or Disposed of (D)
Amount - 51,843 shares
(A) or (D) - D
Price - $9.00
5. Amount of Securities Beneficially Owned at End of Month
38,157 shares
6. Ownership Form: Direct (D) or Indirect (I) - D
7. Nature of Indirect Beneficial Ownership - Not applicable
<PAGE>
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
1. Title of Security - Common Stock
2. Transaction Date - November 3, 1997
3. Transaction Code - M
4. Securities Acquired (A) or Disposed of (D)
Amount - 100,000 shares
(A) or (D) - A
Price - $2.625
5. Amount of Securities Beneficially Owned at End of Month
138,157 shares
6. Ownership Form: Direct (D) or Indirect (I) - D
7. Nature of Indirect Beneficial Ownership - Not applicable
<PAGE>
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
1. Title of Security - Common Stock
2. Transaction Date - November 3, 1997
3. Transaction Code - M
- V
4. Securities Acquired (A) or Disposed of (D)
Amount - 70,986 shares
(A) or (D) - A
Price - $2.875
5. Amount of Securities Beneficially Owned at End of Month
209,143 shares
6. Ownership Form: Direct (D) or Indirect (I) - D
7. Nature of Indirect Beneficial Ownership - Not applicable
<PAGE>
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
1. Title of Security - Common Stock
2. Transaction Date - November 18, 1997
3. Transaction Code - G
- V
4. Securities Acquired (A) or Disposed of (D)
Amount - 1,000 shares
(A) or (D) - D
5. Amount of Securities Beneficially Owned at End of Month
208,143 shares
6. Ownership Form: Direct (D) or Indirect (I) - D
7. Nature of Indirect Beneficial Ownership - Not applicable
<PAGE>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Derivative Security - Employee Stock Option (Right to Buy)
2. Conversion or Exercise Price of Derivative Security - $2.875
3. Transaction Date - November 3, 1997
4. Transaction Code - M
5. Number of Derivative Securities Acquired (A) or Disposed of (D) - 70,986
6. Date Exercisable - April 15, 1994, April 15, 1995, April 15, 1996, and
April 15, 1997.
Expiration Date - December 31, 1997
7. Title and Amount of Underlying Securities - 70,986 shares common stock
8. Not Applicable
9. Number of derivative securities beneficially owned at end of month - 0
<PAGE>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Derivative Security - Employee Stock Option (Right to Buy)
2. Conversion or Exercise Price of Derivative Security - $2.625
3. Transaction Date - November 3, 1997
4. Transaction Code - M
5. Number of Derivative Securities Acquired (A) or Disposed of (D) - 100,000
6. Date Exercisable - May 10, 1994, May 10, 1995, May 10, 1996, and May 10,
1997.
Expiration Date - May 9, 1998
7. Title and Amount of Underlying Securities - 100,000 shares common stock
8. Not Applicable
9. Number of derivative securities beneficially owned at end of month - 0
/s/ Jerry Kalov December 10, 1997
Signature of Reporting Person Date
