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
December, 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 2-Common Stock
Line 3-Common Stock
2. Transaction Date (Month/Day/Year)
Line 1-December 30, 1998
Line 2-December 30, 1998
Line 3-December 30, 1998
3. Transaction Code (Instr. 8)
Line 1-Code: M; V: Voluntary
Line 2-Code: M; V: Voluntary
Line 3-Code: M; V: Voluntary
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Line 1 - Amount: 44,936 shares; A or D: Acquired; Price: $3.50 per share
Line 2 - Amount: 74,726 shares; A or D: Acquired; Price: $4.13 per share
Line 3 - Amount: 47,800 shares; A or D: Acquired; Price: $3.31 per share
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
Line 1 - 561,112 Shares
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
70,411 Shares Direct
490,701 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
Line 3 - Call Option
2. Conversion or Exercise Price of Derivative Security
Line 1 - $3.50 per share
Line 2 - $4.13 per share
Line 3 - $3.31 per share
3. Transaction Date (Month/Day/Year)
Line 1 - December 30, 1998
Line 2 - December 30, 1998
Line 3 - December 30, 1998
4. Transaction Code (Instr. 8)
Line 1 - Code: M; V: Voluntary
Line 2 - Code: M; V: Voluntary
Line 3 - 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 44,936 Shares
Line 2 - Code: D; Exercised Call Option as to 74,726 Shares
Line 3 - Code: D; Exercised Call Option as to 47,800 Shares
6. Date Exercisable and Expiration Date (Month/Day/Year)
Line 1 - Date Exercisable: July 15, 1993
Line 1 - Expiration Date: July 15, 2002
Line 2 - Date Exercisable: December 8, 1996
Line 2 - Expiration Date: December 8, 2005
Line 3 - Date Exercisable: January 2, 1998
Line 3 - Expiration Date: January 2, 2007
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Line 1 - Title: Common Stock; Amount or Number of Shares: 44,936 Shares
Line 2 - Title: Common Stock; Amount or Number of Shares: 74,726 Shares
Line 3 - Title: Common Stock; Amount or Number of Shares: 47,800 Shares
8. Price of Derivative Security (Instr. 5)
Line 1 - N/A
Line 2 - N/A
Line 3 - N/A
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
Line 1 - 482,131 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 January 7, 1999
**Signature of Reporting Person Date
