FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
30(f) of the Investment Company Act of 1940
____Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b)
1. Name and Address of Reporting Person
French, Donald Anthony
425 Corporate Circle
Golden, CO 80401
2. Issuer Name and Ticker or Trading Symbol
Unique Mobility, Inc. (UQM)
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
January 1997
5. If Amendment, Date of Original (Month/Year)
N/A
6. Relationship of Reporting Person to Issuer
Officer: Treasurer
TABLE I-Non-Derivative Securities Acquired, Disposed Of, or Beneficially Owned
1. Title of Security (Instr. 3)
Line 1 - Common Stock
Line 2 - Common Stock
2. Transaction Date (Month/Day/Year)
Line 1 - January 2, 1997
Line 2 - January 2, 1997
3. Transaction Code (Instr. 8)
Line 1 - Code: M; V: Voluntary
Line 2 - Code: M; V: Voluntary
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Line 1 - Amount: 4,005 Shares; (A) or (D): Acquired; Price: $1.00 Per Share
Line 2 - Amount: 9,100 Shares; (A) or (D): Acquired; Price: $0.75 Per Share
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
55,179 Shares Indirectly by a Limited Partnership of which Mr. French
is the General Partner, and 8,000 Shares Indirectly by a Trust for the
Benefit of Mr. French
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
All Holdings are Indirect
7. Nature of Indirect Beneficial Ownership (Instr. 4)
Limited Partnership of which Mr. French is the General Partner and
Trust for the Benefit of Mr. French
TABLE II-Derative Securities Acquired, Disposed Of, or Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible Securities)
1. Title of Derivative Security (Instr. 3)
Line 1 - Call Option Line 4 - Call Option
Line 2 - Call Option Line 5 - Call Option
Line 3 - Call Option Line 6 - Call Option
2. Conversion or Exercise Price of Derivative Security
Line 1 - $1.00 Per Share Line 4 - $3.31 Per Share
Line 2 - $0.75 Per Share Line 5 - $3.31 Per Share
Line 3 - $3.31 Per Share Line 6 - $2.82 Per Share
3. Transaction Date (Month/Day/Year)
Line 1 - January 2, 1997 Line 4 - January 2, 1997
Line 2 - January 2, 1997 Line 5 - January 2, 1997
Line 3 - January 2, 1997 Line 6 - January 2, 1997
4. Transaction Code (Instr. 8)
Line 1 - Code: M; V: Voluntary Line 4 - Code: M; V: Voluntary
Line 2 - Code: M; V: Voluntary Line 5 - Code: M; V: Voluntary
Line 3 - Code: M: V: Voluntary Line 6 - Code: M; V: Voluntary
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
Line 1 - Disposed of Call Option as to 4,005 Shares
Line 2 - Disposed of Call Option as to 9,100 Shares
Line 3 - Acquired Call Option as to 31,513 Shares
Line 4 - Acquired Call Option as to 31,514 Shares
Line 5 - Acquired Call Option as to 31,514 Shares
Line 6 - Acquired Call Option as to 962 Shares
6. Date Exercisable and Expiration Date (Month/Day/Year)
Line 1 - Date Exercisable: July 8, 1989;
Expiration Date: July 7, 1998
Line 2 - Date Exercisable: February 22, 1992;
Expiration Date: February 21, 2001
Line 3 - Date Exercisable: January 2, 1998;
Expiration Date: January 1, 2007
Line 4 - Date Exercisable: January 2, 1999;
Expiration Date: January 1, 2007
Line 5 - Date Exercisable: January 2, 2000
Expiration Date: January 1, 2007
Line 6 - Date Exercisable: March 31, 1997;
Expiration Date: March 31, 1997
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Line 1 - Title: Common Stock; Amount or Number of Shares: 4,005 Shares
Line 2 - Title: Common Stock; Amount or Number of Shares: 9,100 Shares
Line 3 - Title: Common Stock; Amount or Number of Shares: 31,513
Line 4 - Title: Common Stock; Amount or Number of Shares: 31,514
Line 5 - Title: Common Stock; Amount or Number of Shares: 31,514
Line 6 - Title: Common Stock; Amount or Number of Shares: 962
8. Price of Derivative Security (Instr. 5)
Line 1 - N/A
Line 2 - N/A
Line 3 - N/A
Line 4 - N/A
Line 5 - N/A
Line 6 - N/A
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
Call Options as to 309,020 Shares Were Beneficially Owned by Mr. French at
January 31, 1997
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
The Ownership Form of All Derivative Securities is Direct
11. Nature of Indirect Beneficial Ownership (Instr. 4)
N/A
Explanation of Responses: None
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
/s/Donald A. French February 6, 1997
**Signature of Reporting Person Date
