U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
1. Name and Address of Reporting Person:
Waldon Randall Welty
One Independent Drive, Suite 3131
Jacksonville, Florida 32202
2. Date of Event Requiring Statement (Month/Day/Year): 8/4/97
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Issuer Name and Ticker or Trading Symbol: Vector Aeromotive Corporation
Symbol: VAC
CIK: 830664
5. Relationship of Reporting Person to Issuer: Director
10% owner (controlled corporation has
limited right to control vote of majority of
directors)
6. If Amendment, Date of Original (Month/Day/Year):
7. Individual or Joint/Group Filing: Form filed by One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1a. Title of Security: Common Stock
2a. Amount of Securities Beneficially Owned: 81,556
3a. Ownership Form (Direct (D) or Indirect (I): D
4a. Nature of Indirect Beneficial Ownership: controlled corporation has
limited right to control vote of majority of directors
1b. Title of Security: Common Stock
2b. Amount of Securities Beneficially Owned: 37,333,333
3b. Ownership Form (Direct (D) or Indirect (I): I
4b. Nature of Indirect Beneficial Ownership: controlled corporation has
limited right to control vote of majority of directors
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities
1. Title of Derivative Security: Option
2. Date Exercisable and Expiration Date (Month/Day/Year):
Date Exercisable: 7/22/97
Expiration Date: expiration date based on funding of debt, see Form 8-K
filing
3. Title and Amount of Securities Underlying Derivative Security:
Title: Common Stock
Amount or Number of Shares: 60,000,000
4. Conversion or Exercise Price of Derivative Security: $1,250,000 in the
aggregate
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I): I
6. Nature of Indirect Beneficial Ownership : Option owed by controlled
corporation
/s/ W. R. Welty
9/25/97
*Signature of reporting Person Date
*Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78f(a).
F:\DOCS\WLT\VECTOR\SEC\WELTY.OWN
