SEC Form 4 · accession 0001144204-16-074463
Ideal Power Inc. · IPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lon E Bell
Director
Period of report
Jan 2, 2015
Accepted (ET)
Jan 6, 2016 · 5:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001507957
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase StockF1,F2,F3 | $7.32 | Jan 2, 2015 | A | 12,834 | A | — | Jan 2, 2025 | Common Stock | 12,834 | 12,834 | D |
| Option to Purchase StockF1,F4 | $7.94 | Jan 4, 2016 | A | 12,646 | A | — | Jan 4, 2026 | Common Stock | 12,646 | 12,646 | D |
Explanation of responses
- F1The option was issued from the Ideal Power Inc. (formerly known as Ideal Power Converters, Inc.) Amended & Restated 2013 Equity Incentive Plan, as in existence on the date of grant.
- F2The grant represents an annual automatic grant of options to each independent member of the Issuer's Board of Directors, which was inadvertently not timely reported.
- F3The right to purchase the common stock vests as follows: the right to purchase 3,208 shares of common stock vests on March 31, 2015; the right to purchase 3,209 shares of common stock vests on June 30, 2015; the right to purchase 3,208 shares of common stock vests on September 30, 2015; and the right to purchase 3,209 shares vests on December 31, 2015.
- F4The right to purchase the common stock vests as follows: the right to purchase 3,161 shares of common stock vests on March 31, 2016; the right to purchase 3,162 shares of common stock vests on June 30, 2016; the right to purchase 3,161 shares of common stock vests on September 30, 2016; and the right to purchase 3,162 shares vests on December 31, 2016.