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 here if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
See Instructions l(b).
1. Name and Address of Reporting Person:
WILSON, Thomas S.
5 Revere Drive, Suite 100
Northbrook, IL 60062
2. Issuer Name and Ticker or Trading Symbol:
ELECTROSOURCE, INC., ELSI
3. IRS or Social Security Number of Reporting Person (Voluntary): ###-##-####
4. Statement for (Month/Year): September 1996
5. If Amendment, Date of Original (Month/Year): N/A
6. Relationship of Reporting Person to Issuer (Mark all applicable):
Yes _x_ No ___ Director
Yes ___ No ___ 10% Owner
Yes ___ No ___ Officer (give title below)
Yes ___ No ___ Other (specify below)
Officer title or other:
TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instruction 3): Common Stock
2. Transaction Date (Month/Day/Year): 9/25/1996
3. Transaction Code (Instruction 8):
A. Code: J
B. V: -
4. Securities Acquired (A) or Disposed of (D) (Instructions 3, 4 and 5):
Amount Acquired (A) or Disposed of (D) Price
3,200 shares Acquired (A) $5.625 (1)
5. Amount of Securities Benefi- 6. Ownership Form 7. Nature of Indirect
cially Owned at End of Month Direct (D) or Beneficial Owner-
(Instr. 3 and 4): Indirect (I) ship.
31,050 (2) D
180 (2) D (3)
575 (2) I (4)
3,833 (2) I (5)
TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instruction 3):
1988 Non-Employee Director Stock Option Plan
2. Conversion or Exercise Price of Derivative Security:
3. Transaction Date (Month/Day/Year):
4. Transaction Code (Instruction 8):
A. Code:
B. V
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instructions 3, 4 and 5):
Acquired (A): 5,500 (2)
6. Date of Exercisable and Expiration Date (Month/Day/Year):
A. Date Exercisable:
B. Expiration Date:
7. Title and Amount of Underlying Securities (Instructions 3 and 4):
A. Title:
B. Amount or Number of Shares
8. Price of Derivative Security (Instruction 5):
9. Number of Derivative Securities 10. Ownership Form of 11. Nature of
Beneficially Owned at End of Month Derivative Secu- Indirect
(Instruction 4): rity: Direct (D) Beneficial
or Indirect (I) Ownership
5,500 D
Explanation of Responses:
(1) In exchange for electric vehicle with market value of $18,000, i.e.,
$5.625 per share.
(2) Adjusted for 1 for 10 reverse stock split on July 22, 1996.
(3) IRA Account.
(4) Custodian for children.
(5) Remainder Interest in Trust (Reporting person shares investment
control.)
/s/ Thomas S. Wilson
Reporting Person
Date: October 16, 1996
