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
Rankin, William G.
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
March 1997
5. If Amendment, Date of Original (Month/Year)
N/A
6. Relationship of Reporting Person to Issuer
President and Director
TABLE I-Non-Derivative Securities Acquired, Disposed Of, or Benefically Owned
1. Title of Security (Instr. 3)
Common Stock
2. Transaction Date (Month/Day/Year)
March 31, 1997
3. Transaction Code (Instr. 8)
Line 1 - Code: M; V: Voluntary
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Line 1 - Amount: 1,298 Shares; (A) or (D): Acquired; Price: $2.82 Per Share
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
3,102 Shares
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
All Holdings are Direct
7. Nature of Indirect Beneficial Ownership (Instr. 4)
N/A
TABLE II-Derivative 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
2. Conversion or Exercise Price of Derivative Security
Line 1 - $2.82 Per Share
3. Transaction Date (Month/Day/Year)
Line 1 - March 31, 1997
4. Transaction Code (Instr. 8)
Line 1 - 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 1,298 Shares
6. Date Exercisable and Expiration Date (Month/Day/Year)
Line 1 - 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: 1,298 Shares
8. Price of Derivative Security (Instr. 5)
Line 1 - N/A
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
571,394 Shares
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
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/William G. Rankin April 4, 1997
**Signature of Reporting Person Date
