Ideal Power Inc. 4

4 · Ideal Power Inc. · Filed Dec 2, 2013

Form 4

Period: 2013-11-27

10% Owner

Transactions

Conversion
Convertible Promissory Note
2013-11-27$1625000.00/sh−1$1,625,000→ 381,423 total
Exercise: $3.48From: 2013-11-27→ Common Stock (472,274 underlying)
Other
Common Stock
2013-11-27$3.48/sh+580,777$2,021,104→ 580,777 total
Conversion
Convertible Promissory Note
2013-11-27$275000.00/sh−1$275,000→ 302,049 total
Exercise: $3.48From: 2013-11-27→ Common Stock (79,374 underlying)
Conversion
Convertible Promissory Note
2013-11-27$100000.00/sh−1$100,000→ 853,697 total
Exercise: $3.48From: 2013-11-27→ Common Stock (29,129 underlying)

Footnotes (3)

[F1]The shares of common stock were acquired upon the conversion of three senior secured convertible promissory notes in the principal amount of $100,000, $1,625,000 and $275,000, issued on August 31, 2012, November 21, 2012 and July 29, 2013, respectively.
[F2]The senior secured convertible promissory notes were required to be converted into shares of the Company's common stock if, prior to the maturity dates (January 6, 2014 and July 29, 2014), the Company raised at least $10 million in an initial public offering of its common stock. The Company completed its initial public offering on November 27, 2013 and raised gross proceeds in excess of $10 million. Upon the completion of the Company's initial public offering the senior secured convertible promissory notes, including all accrued interest, were paid with shares of the Company's common stock at the price of $3.48 per share.
[F3]The reporting person continues to hold three warrants for the purchase of shares of the Company's common stock.

Documents

1 file