Ideal Power Inc.|4Apr 5, 6:07 AM ET

BURNS TIMOTHY 4

4 · Ideal Power Inc. · Filed Apr 5, 2019

Form 4

Period: 2019-04-04

CFO, Treasurer, Secretary

Transactions

Disposition to Issuer
Option to Purchase Stock
2019-04-04−30,000→ 0 total
Exercise: $5.00Exp: 2023-11-21→ Common Stock (30,000 underlying)
Disposition to Issuer
Option to Purchase Stock
2019-04-04−125,000→ 0 total
Exercise: $7.84Exp: 2024-09-16→ Common Stock (125,000 underlying)
Disposition to Issuer
Performance Stock Unit
2019-04-04−44,000→ 0 total
Exercise: $7.92Exp: 2020-01-05→ Common Stock (44,000 underlying)

Footnotes (6)

[F1]The option was issued from the Ideal Power Inc. (formerly known as Ideal Power Converters, Inc.) Amended & Restated 2013 Equity Incentive Plan, as in existence on the date of grant.
[F2]Each performance stock unit ("PSU") represents a contingent right to one share of the Issuer's common stock.
[F3]The right to purchase the common stock vests in equal increments over 4 years on the anniversary of the grant date.
[F4]The right to purchase the common stock vests in equal increments over 4 years on the anniversary of the grant date.
[F5]PSUs vest based on the satisfaction of certain stock-price based performance targets and the completion of a 4 year service period.
[F6]Derivative security voluntarily forfeited pursuant to an Award Forfeiture Agreement, dated April 4, 2019.

Documents

1 file