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
January 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)
N/A
2. Transaction Date (Month/Day/Year)
N/A
3. Transaction Code (Instr. 8)
N/A
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
N/A
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
1,804 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 Line 3 - Call Option
Line 2 - Call Option Line 4 - Call Option
2. Conversion or Exercise Price of Derivative Security
Line 1 - $2.82 Per Share Line 3 - $3.31 Per Share
Line 2 - $3.31 Per Share Line 4 - $3.31 Per Share
3. Transaction Date (Month/Day/Year)
Line 1 - January 2, 1997 Line 3 - January 2, 1997
Line 2 - January 2, 1997 Line 4 - January 2, 1997
4. Transaction Code (Instr. 8)
Line 1 - Code: A; V: Voluntary
Line 2 - Code: A; V: Voluntary
Line 3 - Code: A; V: Voluntary
Line 4 - Code: A; V: Voluntary
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
Line 1 - Acquired Call Option as to 1,298 Shares
Line 2 - Acquired Call Option as to 42,486 Shares
Line 3 - Acquired Call Option as to 42,486
Line 4 - Acquired Call Option as to 42,487
6. Date Exercisable and Expiration Date (Month/Day/Year)
Line 1 - Date Exercisable: March 31, 1997
Expiration Date: March 31, 1997
Line 2 - Date Exercisable: January 2, 1998
Expiration Date: January 1, 2007
Line 3 - Date Exercisable: January 2, 1999
Expiration Date: January 1, 2007
Line 4 - Date Exercisable: January 2, 2000
Expiration Date: January 1, 2007
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Line 1 - Title: Common Stock; Amount or Number of Shares: 1,298 Shares
Line 2 - Title: Common Stock; Amount or Number of Shares: 42,486 Shares
Line 3 - Title: Common Stock; Amount or Number of Shares: 42,486 Shares
Line 4 - Title: Common Stock; Amount or Number of Shares: 42,487 Shares
8. Price of Derivative Security (Instr. 5)
Line 1 - N/A Line 3 - N/A
Line 2 - N/A Line 4 - N/A
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
572,692 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 February 6, 1997
**Signature of Reporting Person Date
