1. Name and Address of Reporting Person
Laures, Gerald M.
1151 Walden Lane
Deerfield, 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
August 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)
Vice President-Finance and Chief Financial 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 - Common stock
2. Transaction Date - August 3, 1998
3. Transaction Code - M
- V
4. Securities Acquired (A) or Disposed of (D)
Amount - 5,000
(A) or (D) - A
Price - $2.50
5. Amount of Securities Beneficially Owned at End of Month
18,900 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 - $2.50
3. Tracation Date - August 3, 1998
4. Transaction Code - M
5. Number of Derivative Securities Acquired (A) or Disposed
of (D) - 5,000 shares (D)
6. Date Exercisable and Expiration Date -
Exercisable - August 12, 1994, August 12, 1995,
August 12, 1996, August 12, 1997
Expiration
Date - August 10, 1998
/s/ Gerald M. Laures August 13, 1998
Signature of Reporting Person Date
