1. Name and Address of Reporting Person
Gerald M. Laures
1325 Aitken Drive
Bannockburn, IL 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
February 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)
Vice President-Finance and Corporate Secretary
___ 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
2. Transaction Date - February 18, 1999
3. Transaction Code - M
- V
4. Securities Acquired (A) or Disposed of (D)
Amount - 25,000 Shares
(A) or (D) - A
Price - $3.25
5. Amount of Securities Beneficially Owned at End of Month
43,900 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 -
3. Transaction Date - February 18, 1999
4. Transaction Code - M
5. Number of Derivative Securities Acquired (A) or Disposed
of (D) - 25,000 (D)
6. Date Exercisable and Expiration Date -
6,250 shares exercisable 3-3-95,
6,250 shares exercisable 3-3-96,
6,250 shares exercisable 3-3-97, and
6,250 shares exercisable 3-3-98
Option expires March 1, 1999
/s/ Gerald M. Laures February 25, 1999
Signature of Reporting Person Date
