Ideal Power Inc. 4
4 · Ideal Power Inc. · Filed Mar 6, 2017
Insider Transaction Report
Form 4
Ideal Power Inc.IPWR
APPEL PETER A
10% Owner
Transactions
- Purchase
Common Stock Warrants
2017-03-03$2.54/sh+394,400$999,804→ 394,400 totalExercise: $2.41Exp: 2020-03-03→ Common Stock (394,400 underlying) - Purchase
Common Stock
2017-03-03$2.54/sh+394,400$999,804→ 1,233,177 total
Footnotes (2)
- [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.