Ideal Power Inc. — Director's Dealing 2017

Mar 6, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ideal Power Inc. (IPWR)
CIK: 0001507957
Period of Report: 2017-03-03

Reporting Person: APPEL PETER A (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-03	Common Stock	P	394400	$2.535	Acquired	1233177	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-03	Common Stock Warrants	$2.41	P	394400	Acquired	2020-03-03	Common Stock (394400)	Direct

Footnotes

F1: The reported securities are included within the securities purchased by the reporting person for $2.535 per share of common stock together with a warrant to purchase one share of common stock.

F2: These warrants are not exercisable if as a result of such exercise the Reporting Person would beneficially own more than 9.99% of the issued and outstanding common stock of the Company (a "Blocker"). The transactions reported on this form also include the amendment of other outstanding warrants held by the Reporting Person to add a Blocker. Pursuant to Rule 16a-1(a)(1) of the Securities Exchange Act of 1934, as amended, the Reporting Person no longer beneficially owns the shares of common stock that are no longer exercisable as a result of the Blocker. Accordingly, the Reporting Person is no longer a 10% beneficial owner.