Ideal Power Inc. — Director's Dealing 2019

Oct 15, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ideal Power Inc. (IPWR)
CIK: 0001507957
Period of Report: 2019-10-09

Reporting Person: AWM Investment Company, Inc. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-09	Common Stock	S	259	$2.5251	Disposed	239776	Indirect
2019-10-10	Common Stock	S	17705	$2.0141	Disposed	222071	Indirect
2019-10-11	Common Stock	S	10900	$2.0018	Disposed	211171	Indirect
2019-10-11	Common Stock	S	5212	$2.0226	Disposed	205959	Indirect
2019-10-14	Common Stock	S	30000	$2.4934	Disposed	175959	Indirect
2019-10-14	Common Stock	S	70000	$2.6332	Disposed	105959	Indirect

Footnotes

F1: This is a weighted average price.

F2: AWM Investment Company, Inc., a Delaware Corporation (AWM), is the investment adviser to Special Situations Fund III QP, L.P. (QP), Special Situations Cayman Fund, L.P. (CAYMAN), Special Situations Technology Fund, L.P. (Tech) & Special Situations Technology Fund II, L.P. (TECH II) & together with QP, CAYMAN, & Tech, the Funds). As the investment adviser to the Funds, AWM holds sole voting & investment power over 53,475 shares of Common Stock of the Issuer (the Shares) held by QP, 15,547 Shares held by CAYMAN, 5,503 Shares held by Tech & 31,434 Shares held by TECH II.

F3: Austin W. Marxe (Marxe), David M. Greenhouse (Greenhouse) & Adam C. Stettner (Stettner) are the controlling principals of AWM. The reporting person disclaims beneficial ownership of the Shares, except to the extent of its pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.