Ideal Power Inc. — Director's Dealing 2014

Jan 8, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: BELL LON E (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-03	Common Stock	A	10861	$5	Acquired	30861	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	12742	Acquired	2024-01-02	Common Stock (12742)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	58192	Indirect

Footnotes

F1: The shares of common stock were issued to the reporting person as compensation for his service as a director since his appointment on November 29, 2012.

F2: This amount includes 8,333 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: The shares of common stock 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.

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 3,185 shares of common stock vests on March 31, 2014; the right to purchase 3,186 shares of common stock vests on June 30, 2014; the right to purchase 3,185 shares of common stock vests on September 30, 2014; and the right to purchase 3,186 shares vests on December 31, 2014.

F6: This number does not include derivative securities indirectly owned by the reporting person that have been previously reported.