Ideal Power Inc. — Director's Dealing 2013

Dec 3, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ideal Power Inc. (IPWR)
CIK: 0001507957
Period of Report: 2013-11-27

Reporting Person: BELL LON E (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-27	Common Stock	J	58192	$3.48	Acquired	66525	Indirect
2013-11-27	Common Stock	P	20000	$5	Acquired	86525	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-11-27	Convertible Promissory Note	$3.48	C	1	Disposed		Common Stock (29129)	Indirect
2013-11-27	Convertible Promissory Note	$3.48	C	1	Disposed		Common Stock (29063)	Indirect

Footnotes

F1: The shares of common stock were acquired upon the conversion of senior secured convertible promissory notes, each in the principal amount of $100,000, issued on August 31, 2012 and November 21, 2012 to the Bell Family Trust dated February 2, 1995.

F2: The securities are owned by the Bell Family Trust dated February 2, 1995. The reporting person is the trustee and a beneficiary of the Bell Family Trust and has voting and investment control over the Securities.

F3: The senior secured convertible promissory notes were required to be converted into shares of the Company's common stock if, prior to the maturity date (January 6, 2014), the Company raised at least $10 million in an initial public offering of its common stock. The Company completed its initial public offering on November 27, 2013 and raised gross proceeds in excess of $10 million. Upon the completion of the Company's initial public offering the senior secured convertible promissory notes, including all accrued interest, were paid with shares of the Company's common stock at the price of $3.48 per share.

F4: The reporting person continues to hold two warrants, one warrant for the purchase of 28,767 shares of the Company's common stock and a second warrant for the purchase of 14,383 shares of the Company's common stock.