Ideal Power Inc. — Director's Dealing 2018

May 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ideal Power Inc. (IPWR)
CIK: 0001507957
Period of Report: 2018-04-27

Reporting Person: BELL LON E (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-04-27	Stock Option (Right to Buy)	$1.22	A	300000	Acquired	2028-04-27	Common Stock (300000)	Direct

Footnotes

F1: The option was issued under the Ideal Power Inc. Amended & Restated 2013 Equity Incentive Plan, as in existence on the date of grant.