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: APPEL PETER A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-27	Common Stock	J	580777	$3.48	Acquired	580777	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)	Direct
2013-11-27	Convertible Promissory Note	$3.48	C	1	Disposed		Common Stock (472274)	Direct
2013-11-27	Convertible Promissory Note	$3.48	C	1	Disposed		Common Stock (79374)	Direct

Footnotes

F1: The shares of common stock were acquired upon the conversion of three senior secured convertible promissory notes in the principal amount of $100,000, $1,625,000 and $275,000, issued on August 31, 2012, November 21, 2012 and July 29, 2013, respectively.

F2: The senior secured convertible promissory notes were required to be converted into shares of the Company's common stock if, prior to the maturity dates (January 6, 2014 and July 29, 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.

F3: The reporting person continues to hold three warrants for the purchase of shares of the Company's common stock.