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
September, 1998
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
2. Transaction Date (Month/Day/Year)
Line 1 - September 2, 1998
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: 9,300 Shares; (A) or (D): Acquired; Price:$0.75 Per Share
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
51,041 Shares.
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
All Holdings are Indirect
7. Nature of Indirect Beneficial Ownership (Instr. 4)
40,041 Shares Indirectly by a Limited Partnership of which Mr. French
is the General Partner and 11,000 Shares Indirectly by a 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 2 - Call Option2. Conversion or Exercise Price of Derivative Security
2. Conversion or Exercise Price of Derivative Security
Line 1 - $5.90 Per Share
Line 2 - $0.75 Per Share
3. Transaction Date (Month/Day/Year)
Line 1 - September 30, 1998
Line 2 - September 2, 1998
4. Transaction Code (Instr. 8)
Line 1 - Code: H; 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 - Expiration of Call Option on 506 Shares of Common Stock
Line 2 - Exercised Call Option on 9,300 Shares of Common Stock
6. Date Exercisable and Expiration Date (Month/Day/Year)
Line 1 - Date Exercisable: September 30, 1998
Line 1 - Expiration Date: September 30, 1998
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: 506 Shares
Line 2 - Title: Common Stock; Amount: 9,300 Shares
8. Price of Derivative Security (Instr. 5)
N/A
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
Call Options on 372,050 Shares
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
123,335 Shares Direct
248,715 Shares Indirect
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Limited Partnership of which Mr. French is the General Partner
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 October 2, 1998
**Signature of Reporting Person Date
