FORM 5 - 2000 CHRIS
MORRIS - Page 1
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL 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
_X_ Check here if no longer subject to Section 16.
Form 4 or Form 5
obligations may continue.
See Instruction 1(b)
___ Form 3 Holdings Reported
___ Form 4 Transactions
Reported
1. Name and Address of
Reporting Person:
CHRIS MORRIS
2809 IH 35 South
San Marcos TX 78666
2. Issuer Name and Ticket or
Trading Symbol
ELECTROSOURCE, INC.
ELSI
3. IRS or Social Security Number of
Reporting Person (Voluntary)
4. Statement for Month/Year
December 2000
5. If Amendment, Date of Original
(Month/Year)
N/A
6. Relationship of Reporting Person to
Issuer (Mark all applicable)
Yes ___ No ___ Director
Yes ___ No ___ 10% Owner
Yes _X_ No ___ Officer (give title below)
Yes ___ No ___ Other (specify below)
Vice President, Chief Operating Officer
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)
N/A
3. Transaction Code (Instruction 8)
N/A
4. Securities Acquired (A) or Disposed of (D)
(Instructions 3, 4 and 5):
A. Amount: None
B. Acquired (A)___ Disposed of (D)____
C: Price:
5. Amount of Securities Beneficially Owned at End
of Issuer's Fiscal Year (Instructions 3 and 4):
None
6. Ownership Form: Direct (D) or Indirect (I)
(Instruction 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
2. Conversion or Exercise Price of Derivative Security
(1) $1.75
(2) $1.156
3. Transaction Date (Month/Day/Year)
(1) February 3, 1999
(2) August 4, 1999
4. Transaction Code (Instruction 8)
(1) and (2) A - Grant of Stock Options
5. Number of Derivative Securities Acquired (A) or
Disposed of (D) (Instructions 3, 4 and 5):
A. Acquired (A): (1) 30,000
(2) 15,000
B. Disposed of (D):
6. Date of Exercisable and Expiration Date (Month/Day/Year)
A. Date Exercisable (1) 1/3 at 8/3/99, 8/3/00, and 8/3/01
(2) 1/3 at 2/4/00, 2/4/01, and 2/4/02
B. Expiration Date (1) February 3, 2009
(2) August 4, 2009
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
(1) 30,000
(2) 15,000
8. Price of Derivative Security (Instruction 5)
These derivative securities were issued pursuant to the
1996 Stock Option Plan at no cost to the recipient.
9. Number of Derivative Securities Beneficially Owned at End of
Year (Instruction 4)
45,000
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:
Resigned from the Company effective December 29, 2000.
No longer an executive Officer or a reporting person as of
close of business on December 29, 2000.
/s/
CHRIS MORRIS
Date: December 29, 2000
