FORM 4 - April 2000 Benny E. Jay - Page 1
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:
Benny E. Jay
2809 Interstate 35 South
San Marcos TX 78666
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)
April 2000
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 _X_ No ___ Officer (give title below)
Yes ___ No ___ Other (specify below)
President, Executive Vice President
TABLE I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
1. Title of Security (Instruction 3):
Common Stock, $1.00 par value
2. Transaction Date (Month/Day/Year):
April 7, 2000
3. Transaction Code (Instruction 8):
A. Code: S
B. V:
4. Securities Acquired (A) or Disposed of (D) (Instructions 3,
4 and 5):
A. Amount: 5,000
B. Acquired (A)___ Disposed of (D)_X_
C: Price: $11.70 per share
5. Amount of Securities Beneficially Owned at End of Month
(Instructions 3 and 4):
None
6. Ownership Form Direct (D) or Indirect (I) (Instructions 3
and 4):
N/A
7. Nature of Indirect Beneficial Ownership (Instruction 4):
N/A
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):
Employee Stock Options to Purchase Common
2. Conversion or Exercise Price of Derivative Security:
$1.563 per share
3. Transaction Date (Month/Day/Year):
April 7, 2000
4. Transaction Code (Instruction 8):
A. Code: P
B. V
5. Number of Derivative Securities Acquired (A) or Disposed of
(D)
(Instructions 3, 4 and 5):
A. Acquired (A): 5,000 shares
B. Disposed of (D):
6. Date of Exercisable and Expiration Date (Month/Day/Year):
A. Date Exercisable: On demand
B. Expiration Date: 5,000 shares at August 18, 2008
7. Title and Amount of Underlying Securities (Instructions 3
and 4):
A. Title: Common Stock, $1.00 par value
B. Amount or Number of Shares 5,000 shares
8. Price of Derivative Security (Instruction 5):
N/A
9. Number of Derivative Securities Beneficially Owned at End of
Month (Instruction 4):
70,000 options to purchase common stj:\corp_sec\sec-
filg\fms3-4-5\form-4\4bej400.docock
10. Ownership Form of Derivative Security: Direct (D) or
Indirect (I) (Instruction 4):
Direct
11. Nature of Indirect Beneficial Ownership (Instruction 4):
N/A
Explanation of Responses:
Mr. Jay executed the exercise of an employee stock option
and a same-day-sale of the underlying common stock on April
7, 2000.
/s/
Benny E. Jay
Date: May 8, 2000
