BRDAR DANIEL 4
4 · Ideal Power Inc. · Filed Apr 5, 2019
Insider Transaction Report
Form 4
Ideal Power Inc.IPWR
BRDAR DANIEL
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Performance Stock Unit
2019-04-04−75,000→ 0 totalExercise: $7.92Exp: 2020-01-05→ Common Stock (75,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option
2019-04-04−250,000→ 0 totalExercise: $7.14Exp: 2024-01-08→ Common Stock (250,000 underlying) - Disposition to Issuer
Option to Purchase Stock
2019-04-04−200,000→ 0 totalExercise: $7.84Exp: 2024-09-16→ Common Stock (200,000 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 shares will vest in equal increments of 62,500 shares over a period of 4 years, beginning on January 8, 2015 and continuing thereafter on January 8, 2016, 2017, and 2018.
- [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.