Ideal Power Inc. — Director's Dealing 2014

Mar 25, 2014

SEC Form 4/A — Form 4/A

Issuer: Ideal Power Inc. (IPWR)
CIK: 0001507957
Period of Report: 2014-01-02

Reporting Person: EISENHAURE DAVID B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-03	Common Stock	A	3611	$5.00	Acquired	3611	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-02	Option to Purchase Common Stock	$5.49	A	17042	Acquired	2024-01-02	Common Stock (17042)	Direct

Footnotes

F1: The shares of common stock were issued to the reporting person as compensation for his service as a director, which began on August 20, 2013.

F2: This amount includes 1,130 shares of common stock that had been accrued for the reporting person through September 30, 2013 as compensation for his services as a director and reported on a Form 3 filed by the reporting person on November 21, 2013.

F3: This amendment to the reporting person's Form 4 that was originally filed on January 8, 2014 (the "Original Report") is filed for the purpose of correcting the number of shares of common stock covered by the option granted on January 2, 2014. Each independent director is to receive an option for the purchase of $50,000 in value of the Issuer's common stock as partial compensation for his services as a director. Following the filing of the Original Report, it was determined that the volatility assumption used in the Black-Scholes calculation was incorrect, which resulted in the option grant covering 12,742 shares of common stock rather than 17,042 shares of common stock.

F4: The option was issued from the Ideal Power Converters, Inc. 2013 Equity Incentive Plan.

F5: The right to purchase the common stock vests as follows: the right to purchase 4,260 shares of common stock vests on March 31, 2014; the right to purchase 4,261 shares of common stock vests on June 30, 2014; the right to purchase 4,260 shares of common stock vests on September 30, 2014; and the right to purchase 4,261 shares vests on December 31, 2014.