FORM 4
UNITED STATES 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.
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1. NAME AND ADDRESS OF REPORTING PERSON:
Cox Ralph F.
(Last) (First) (Middle)
4615 Post Oak Place, Suite 140
(Address)
Houston Texas 77027
(City) (State) (Zip)
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2. ISSUER NAME AND TICKER OR TRADING SYMBOL
Bonneville Pacific Corporation - BPCOD
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3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (Voluntary)
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4. Statement for Month/Year
December, 1998
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5. If Amendment, Date of Original (Month/Year)
N/A
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6. RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER - Check all applicable
__X___ Director _____ 10% Owner
______ Officer (give title _____ Other (specify below)
below)
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TABLE 1 - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security (Instr. 3)
Common Stock
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2 Transaction Date - (Month/Day/Year)
December 1, 1998
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3. Transaction Code - (Instr. 8)
Code V
P
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4. Secutities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
20,000 A $5.00
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5. Amount of Securities, Beneficially Owned at End of Month
(Instr. 3 and 4)
68,850
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6. Ownership Form - Direct (D) or Indirect (I) - (Instr. 4)
D
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7. Nature of Indirect Beneficial Ownership - (Instr. 4)
N/A
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TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g. puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security - (Instr. 3)
N/A
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2. Converstion or Exervice Price of Derivative Security
N/A
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3. Transaction Date - (Momth/Day/Year)
N/A
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4. Transaction Code (Instr. 8)
Code V
N/A
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5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.3,
4 and 5)
(A) (D)
N/A
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6. Date Exercisable and Expiration Date: (Month/Day/Year)
Date Exercisable Expiration Date
N/A
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7. Title and Amount of Underlying Securities - (Instr. 3 and 4)
Title Amount or Number of Shares
N/A
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8. Price of Derivative Security (Instr. 5)
N/A
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9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
N/A
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10. Ownership Form of Derivative Security; Direct (D) or Indirect (I) -
(Instr. 4)
N/A
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11. Nature of Indirect Beneficial Onwerhsip (Instr. 4)
N/A
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Explanation of Responses:
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Date: January 11, 1999 /s/ Ralph F. Cox
**Signature of Reporting Person
