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
Franklin, Michael 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)
N/A
4. Statement for Month/Year
November, 1998
5. If Amendment, Date of Original (Month/Year)
N/A
6. Relationship of Reporting Person to Issuer
Vice President - Electronics Manufacturing and Director
TABLE I-Non-Derivative Securities Acquired, Disposed Of, or Beneficially Owned
1. Title of Security (Instr. 3)
Common Stock
2. Transaction Date (Month/Day/Year)
November 23, 1998
3. Transaction Code (Instr. 8)
Line 1 - Code: S
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Line 1- Amount: 194,379 Shares; (A) or (D): Disposed; Price: $5.25 Per Share
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
Line 1 - 69,000 Shares
Line 2 - 6,000 Shares
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
Line 1 - Indirect
Line 2 - Indirect
7. Nature of Indirect Beneficial Ownership (Instr. 4)
Line 1 - Escrow Account - FBO Michael Franklin
Line 2 - Escrow Account - FBO Debbie Franklin
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
N/A
3. Transaction Date (Month/Day/Year)
N/A
4. Transaction Code (Instr. 8)
N/A
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
N/A
6. Date Exercisable and Expiration Date (Month/Day/Year)
N/A
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Line 1 - Title: Common Stock; Amount or Number of Shares: 100,000 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 as to 100,000 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: Mr. Franklin disclaims beneficial ownership of the
6,000 shares of common stock held indirectly by Mrs. Franklin.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
/s/Michael G. Franklin December 10, 1998
**Signature of Reporting Person Date
