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Proc-Type: 2001,MIC-CLEAR
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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, ____Check this box if no longer subject to Section 16. Form 4 or Form 5
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
Hugen, Richard L.
425 Corporate Circle
Golden, CO 80401
2. Issuer Name and Ticker or Trading Symbol
UQM Technologies, Inc. (UQM)
3. IRS or Social Security Number of Reporting Person (Voluntary)
N/A
4. Statement for Month/Year
March, 2002
5. If Amendment, Date of Original (Month/Year)
N/A
6. Relationship of Reporting Person to Issuer
Officer: Vice President Marketing and Sales
TABLE I-Non-Derivative Securities Acquired, Disposed Of, or Beneficially Owned
1. Title of Security (Instr. 3)
Line 1 - Common Stock
2. Transaction Date (Month/Day/Year)Line 1 - March 31, 2002
3. Transaction Code (Instr. 8)Line 1 - M
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)Line 1- Acquired: 633 Shares
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
2,303 Shares
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
All Holdings are Direct
7. Nature of Indirect Beneficial Ownership (Instr. 4)
N/A
TABLE II-Derative Securities Acquired, Disposed Of, or Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible Securities)
1. Title of Derivative Security (Instr. 3)
Line 1 - Call Option
2. Conversion or Exercise Price of Derivative Security
Line 1 - $4.34 Per Share
3. Transaction Date (Month/Day/Year) Line 1 - March 31, 2002
4. Transaction Code (Instr. 8) Line 1 - Code: M; V: Voluntary
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Line 1 - O: 1
6. Date Exercisable and Expiration Date (Month/Day/Year)
Line 1 - Date Exercisable: March 31, 2002; Expiration Date: March 31, 2002
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Line 1 - Title: Common Stock; Amount: 633 Shares
8. Price of Derivative Security (Instr. 5) Line 1 - N/A
9. Number of Derivative Securities Beneficially Owned at End of
Month
(Instr. 4)
Call Options on 70,000 Shares
10. Ownership Form of Derivative Security: Direct (D) or Indirect
(I)
(Instr. 4)
70,000 Shares Direct
11. Nature of Indirect Beneficial Ownership (Instr. 4)
N/A
Explanation of Responses: N/A
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
/s/Richard L. Hugen April
9, 2002
**Signature of Reporting
Person
Date