1. Name and Address of Reporting Person
Bazet, James R.
175 North Harbor Dr., Apt. 5103
Chicago, Illinois 60601
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
July 1998
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
___ 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 -
2. Transaction Date -
3. Transaction Code -
-
4. Securities Acquired (A) or Disposed of (D)
Amount -
(A) or (D) -
Price -
5. Amount of Securities Beneficially Owned at End of Month
2,750 shares
6. Ownership Form: Direct (D) or Indirect (I) - D
7. Nature of Indirect Beneficial Ownership - Not applicable
TABLE II - DERIVATIVE SECURITES ACQUIRED, DISPOSED OF, OR
BENEFIFIALLY OWNED
1. Title of Derivatie Security - Common stock
2. Conversion of Exercise Price of Derivative Security -
3. Tracation Date - July 28, 1998
4. Transaction Code - A, Grant of Stock Option
5. Number of Derivative Securities Acquired (A) or Disposed
of (D) - 150,000 shares
6. Date Exercisable and Expiration Date -
37,500 shares exercisable 7-29-99,
37,500 shares exercisable 7-29-2000,
37,500 shares exercisable 7-29-2001,
37,500 shares exercisable 7-29-2002
Option expires July 27, 2003
/s/ James R. Bazet July 30, 1998
Signature of Reporting Person Date
