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
Geddes, Ray Arthur
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
September, 1998
5. If Amendment, Date of Original (Month/Year)
N/A
6. Relationship of Reporting Person to Issuer
Chairman of the Board and CEO
TABLE I Non-Derivative Securities Acquired, Disposed Of, or Benefically Owned
1. Title of Security (Instr. 3)
Line 1-Common Stock Line 3-Common Stock Line 5-Common Stock
Line 2-Common Stock Line 4-Common Stock Line 6-Common Stock
Line 7-Common Stock
2. Transaction Date (Month/Day/Year)
Line 1-Sept. 1, 1998 Line 3-Sept. 4, 1998 Line 5-Sept. 4, 1998
Line 2-Sept. 4, 1998 Line 4-Sept. 4, 1998 Line 6-Sept. 4, 1998
Line 7-Sept. 1, 1998
3. Transaction Code (Instr. 8)
Line 1-Code: M; V: Voluntary Line 4-Code: P; V: Voluntary
Line 2-Code: P; V: Voluntary Line 5-Code: P; V: Voluntary
Line 3-Code: P; V: Voluntary Line 6-Code: P; V: Voluntary
Line 7-Code: M; V: Voluntary
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Line 1 - Amount: 10,000 shares; A or D: Acquired Price: $0.50 per share
Line 2 - Amount: 3,000 shares; A or D: Acquired Price: $4.75 per share
Line 3 - Amount: 1,000 shares; A or D: Acquired Price: $4.81 per share
Line 4 - Amount: 1,500 shares; A or D: Acquired Price: $4.88 per share
Line 5 - Amount: 2,500 shares; A or D: Acquired Price: $4.94 per share
Line 6 - Amount: 2,000 shares; A or D: Acquired Price: $5.38 per share
Line 7 - Amount: 30,000 shares; A or D: Acquired Price: $0.75 per share
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
Line 1 - 393,650 Shares
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
70,411 Shares Direct
323,239 Shares Indirect
7. Nature of Indirect Beneficial Ownership (Instr. 4)
Limited Partnership of which Mr. Geddes is the General Partner.
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 2 - Call Option
2. Conversion or Exercise Price of Derivative Security
Line 1 - $0.50 per share
Line 2 - $0.75 per share
3. Transaction Date (Month/Day/Year)
Line 1 - September 1, 1998
Line 2 - September 1, 1998
4. Transaction Code (Instr. 8)
Line 1 - Code: M; V: Voluntary
Line 2 - Code: M; V: Voluntary
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
Line 1 - Code: D; Exercised Call Option as to 10,000 Shares
Line 2 - Code: D; Exercised Call Option as to 30,000 Shares
6. Date Exercisable and Expiration Date (Month/Day/Year)
Line 1 - Date Exercisable: January 1, 1990
Line 1 - Expiration Date: January 1, 1999
Line 2 - Date Exercisable: February 22, 1992
Line 2 - Expiration Date: February 22, 2001
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Line 1 - Title: Common Stock; Amount or Number of Shares: 10,000 Shares
Line 2 - Title: Common Stock; Amount or Number of Shares: 30,000 Shares
8. Price of Derivative Security (Instr. 5)
Line 1 - N/A
Line 2 - N/A
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
Line 1 - 649,593 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/ Ray A. Geddes October 2, 1998
**Signature of Reporting Person Date
