SEC Form 4

FORM 4		UNITED STATES 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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* MOLLO CHARLES R (Last) (First) (Middle) 17800 N. PERIMETER DRIVE SUITE 200 (Street) SCOTTSDALE AZ 85255 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol MOBILITY ELECTRONICS INC [ MOBE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Chief Executive Officer
	3. Date of Earliest Transaction (Month/Day/Year) 01/10/2006
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/10/2006		M		6,666	A	$1.27	187,448	D
Common Stock	01/10/2006		S(1)		7,875	D	$10	179,573	D
Common Stock	01/11/2006		S(1)		42,000	D	$10	137,573	D
Common Stock	01/11/2006		S(1)		125	D	$10.03	137,448	D
Common Stock								693,495	I	thru New Vistas Investment Corp.
Common Stock								165,056	I	thru La Luz Enterprises LLC
Common Stock								27,886	I	thru La Luz Enterprises II LLC
Common Stock								100,000	I	thru CJMO LLC
Common Stock								411,768	I	thru New Horizons Enterprises, Inc.
Common Stock								6,468	I	thru Spouse
Common Stock								8,000	I	thru CRM Revocable Trust
Common Stock								14,696	I	thru JLM Revocable Trust
Common Stock								30,966	I	thru Breeze Family LLC
Common Stock								71,470	I	thru CRM-008 Trust

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)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock	$1.27	01/10/2006		M			6,666	(2)	03/22/2006	common stock	6,666	$0.00	31,860	D

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 29, 2004, as previously disclosed on a Form 8-K filed with the Securities & Exchange Commission on November 1, 2004.

2. The options vested in three annual installments, as follows: 3,334 shares on 3/22/02, 1,666 shares on 3/22/03, and 1,666 shares on 3/22/04.

Remarks:

	/s/ Betsy A. Eberg as Attorney-in-Fact for Charles R. Mollo	01/11/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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