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: Bundschuh Paul (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-27	Common Stock	J	2854	$5	Acquired	47634	Direct
2013-11-27	Common Stock	P	3000	$5	Acquired	50634	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-11-27	Convertible Promissory Note	$5	C	1	Disposed		Common Stock (2854)	Direct

Footnotes

F1: The shares of common stock were acquired upon the conversion of a convertible promissory note in the principal amount of $13,000 issued to the reporting person on April 12, 2012.

F2: The convertible promissory note was required to be paid on the earlier of (i) the completion of the Company's initial public offering and (ii) December 31, 2013. Upon the completion of the Company's initial public offering, which occurred on November 27, 2013, the convertible promissory note, including all accrued interest, was paid with shares of the Company's common stock at the public offering price.

F3: The reporting person continues to hold six options and one warrant for the purchase of shares of the Company's common stock.