8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 20, 2010

UQM Technologies, Inc.
(Exact name of registrant as specified in its charter)

Colorado	1-10869	84-0579156
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

4120 Specialty Place
Longmont, Colorado 80504
(Address of principal executive offices, including zip code)

(303) 682-4900
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors: Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On October 20, 2010, UQM Technologies, Inc. (the "Company") and Eric Ridenour, the Company's President and Chief Operating Officer, amended the award terms of the 67,873 shares of restricted common stock granted to him on September 1, 2010 (the "Shares"). Pursuant to the Amendment to Restricted Stock Grant, a copy of which is filed herewith as Exhibit 10.1, vesting of the Shares has been accelerated and certain other ancillary restrictions with respect to the Shares have been terminated. As a result, all of the Shares became fully vested as of October 20, 2010.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Description
10.1	Amendment dated October 20, 2010 to Restricted Stock Grant Agreement between UQM Technologies, Inc. and Eric Ridenour.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	UQM TECHNOLOGIES, INC.
Dated: October 22, 2010	By: /s/DONALD A. FRENCH
	Donald A. French
	Treasurer, Secretary and Chief
	Financial Officer

EX-10

Exhibit 10.1

UQM TECHNOLOGIES, INC.
STOCK BONUS PLAN

AMENDMENT TO

RESTRICTED STOCK AGREEMENT

THIS AMENDMENT TO RESTRICTED STOCK AGREEMENT is made to be effective as of October 20, 2010 and amends the Restricted Stock Agreement dated as of September 1, 2010 (the "Restricted Stock Agreement"), between UQM TECHNOLOGIES, INC., a Colorado corporation (the "Company"), and Eric Ridenour (the "Grantee").

Recitals

A. Pursuant to the UQM Technologies, Inc. Stock Bonus Plan and the Restricted Stock Agreement, the Company granted to the Grantee 67,873 shares of the common stock of the Company (the "Stock") effective as of September 1, 2010.

B. Upon the recommendation of the Compensation Committee of the Board of Directors of the Company, the Board has determined to accelerate the vesting requirements and remove certain other restrictions provided in the Restricted Stock Agreement with respect to the Stock as of the date hereof.

Amendment

The Restricted Stock Agreement is hereby amended by removing the provisions of Section 2, 3, 4, 5, 6, 7 and 9. All other provisions of the Restricted Stock Agreement shall remain in effect.

IN WITNESS WHEREOF, the parties have executed this Amendment to the Restricted Stock Agreement as of the day and year first above written.

UQM TECHNOLOGIES, INC.
By:	/s/DONALD A. FRENCH
	Name: Donald A. French
	Title: Treasurer

GRANTEE
By:	/s/ERIC RIDENOUR
	Name: Eric Ridenour