1. Name and Address of Reporting Person
James R. Bazet
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
August 1999
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. Transaction Date - August 2, 1999
4. Transaction Code - A, Grant of Stock Option
5. Number of Derivative Securities Acquired (A) or Disposed
of (D) - 100,000 shares
6. Date Exercisable and Expiration Date -
25,000 shares exercisable August 2, 2000
25,000 shares exercisable August 2, 2001
25,000 shares exercisable August 2, 2002
25,000 shares exercisable August 2, 2003
/s/ James R. Bazet August 27, 1999
Signature of Reporting Person Date