Ideal Power Inc. — Director's Dealing 2020

Mar 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ideal Power Inc. (IPWR)
CIK: 0001507957
Period of Report: 2020-03-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-18	Common Stock	P	215	$1.56	Acquired	9182	Direct
2020-03-19	Common Stock	P	3366	$1.56	Acquired	12548	Direct
2020-03-20	Common Stock	P	1	$1.56	Acquired	12549	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	213364	Indirect

Footnotes

F1: Reflects the transfer of 201,914 shares of common stock previously held by the reporting person directly to The Bell Family Life Insurance No 1 Trust dated 2/2/95 as amended (the "Bell Trust").

F2: The shares of common stock are owned by the Bell Trust. The reporting person is the trustee and a beneficiary of the Bell Trust and has voting and investment control over the securities.