SEC Form 4 · accession 0001144204-17-002987
Ideal Power Inc. · IPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark L Baum
Director
Period of report
Jan 3, 2017
Accepted (ET)
Jan 20, 2017 · 8:15 am 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 | $3.15 | Jan 3, 2017 | A | 27,875 | A | — | Jan 3, 2027 | Common Stock | 27,875 | 27,875 | 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 6,968 shares of common stock vests on March 31, 2017; the right to purchase 6,969 shares of common stock vests on June 30, 2017; the right to purchase 6,969 shares of common stock vests on September 30, 2017; and the right to purchase 6,969 shares vests on December 31, 2017.