SEC Form 4 · accession 0001144204-17-012974
Ideal Power Inc. · IPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter A Appel
10% Owner
Period of report
Mar 3, 2017
Accepted (ET)
Mar 6, 2017 · 4:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001507957
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 3, 2017 | P | 394,400 | $2.535 | A | 1,233,177 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock WarrantsF1,F2 | $2.41 | Mar 3, 2017 | P | 394,400 | A | — | Mar 3, 2020 | Common Stock | 394,400 | 394,400 | D |
Explanation of responses
- F1The reported securities are included within the securities purchased by the reporting person for $2.535 per share of common stock together with a warrant to purchase one share of common stock.
- F2These warrants are not exercisable if as a result of such exercise the Reporting Person would beneficially own more than 9.99% of the issued and outstanding common stock of the Company (a "Blocker"). The transactions reported on this form also include the amendment of other outstanding warrants held by the Reporting Person to add a Blocker. Pursuant to Rule 16a-1(a)(1) of the Securities Exchange Act of 1934, as amended, the Reporting Person no longer beneficially owns the shares of common stock that are no longer exercisable as a result of the Blocker. Accordingly, the Reporting Person is no longer a 10% beneficial owner.