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,Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
____Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b)
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
June, 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 - N/A
3. Transaction Code (Instr. 8)
Line 1 - N/A
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Line 1- N/A
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-Derivative 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 - $3.70 Per Share
3. Transaction Date (Month/Day/Year)
Line 1 - June 30, 2002
4. Transaction Code (Instr. 8)
Line 1 - Code: J; V: Voluntary
5. Number of Derivative Securities Acquired (A) or Disposed of(D)
(Instr. 3, 4 and 5)
Line 1 - D: 1
6. Date Exercisable and Expiration Date (Month/Day/Year)
Line 1 - Date Exercisable: June 30, 2002; Expiration Date: June 30, 2002
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Line 1 - Title: Common Stock; Amount: 844 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: Expiration of out-of-the-money call options unexercised.
**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 July 8, 2002
**Signature of Reporting Person Date