4/A//SEC Filing
Ideal Power Inc. 4/A
Accession 0001144204-14-017424
$IPWRCIK 0001507957operating
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 9:44 PM ET
Size
8.7 KB
Accession
0001144204-14-017424
Insider Transaction Report
Form 4/AAmended
Ideal Power Inc.IPWR
EISENHAURE DAVID B
Director
Transactions
- Award
Common Stock
2014-01-03$5.00/sh+3,611$18,055→ 3,611 total - Award
Option to Purchase Common Stock
2014-01-02+17,042→ 17,042 totalExercise: $5.49Exp: 2024-01-02→ Common Stock (17,042 underlying)
Footnotes (5)
- [F1]The shares of common stock were issued to the reporting person as compensation for his service as a director, which began on August 20, 2013.
- [F2]This amount includes 1,130 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]This amendment to the reporting person's Form 4 that was originally filed on January 8, 2014 (the "Original Report") is filed for the purpose of correcting the number of shares of common stock covered by the option granted on January 2, 2014. Each independent director is to receive an option for the purchase of $50,000 in value of the Issuer's common stock as partial compensation for his services as a director. Following the filing of the Original Report, it was determined that the volatility assumption used in the Black-Scholes calculation was incorrect, which resulted in the option grant covering 12,742 shares of common stock rather than 17,042 shares of common stock.
- [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 4,260 shares of common stock vests on March 31, 2014; the right to purchase 4,261 shares of common stock vests on June 30, 2014; the right to purchase 4,260 shares of common stock vests on September 30, 2014; and the right to purchase 4,261 shares vests on December 31, 2014.
Documents
Issuer
Ideal Power Inc.
CIK 0001507957
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001507957
Filing Metadata
- Form type
- 4/A
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 9:44 PM ET
- Size
- 8.7 KB