Form 4 for IPWR Ideal Power Inc.
Accepted 2022-12-19 00:00:00 ET · period of report 2022-12-15 · accession 0001104659-22-128386 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-12-19 | 2022-12-17 | IPWR | BURNS TIMOTHY | CFO | F - Tax | $10.27 | -3,113 | 51.3K | -6% | -$32.0K |
| D | 2022-12-19 | 2022-12-15 | IPWR | BURNS TIMOTHY | CFO | A - Grant | $0.00 | +27.5K | 54.4K | +102% | $0 |
| D | 2022-12-19 | 2022-12-15 | IPWR | BURNS TIMOTHY | CFO | A - Grant | $0.00 | +27.5K | 27.5K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-12-17 | F | D | 3,113 | $10.27 | 51,267 | D | — | — | (F2) Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of an RSU award. |
| 2 | Common | Common Stock | 2022-12-15 | A | A | 27,500 | $0.00 | 54,380 | D | — | — | (F1) Represents 27,500 restricted stock units (RSUs) granted to the reporting person under the issuer's 2013 Equity Incentive Plan, as amended and restated to date (the 2013 Plan). Each RSU represents the contingent right to receive one share of the issuer's common stock. The RSUs vest in three equal annual installments on December 15, 2023, December 15, 2024 and December 15, 2025, provided that the reporting person remains employed by the issuer as of each vesting date. |
| 3 | Derivative | Performance Stock Units | 2022-12-15 | A | A | 27,500 | $0.00 | 27,500 | D | — · — to 2025-12-15 | 27,500 Common Stock | (F3) Represents up to 27,500 performance stock units (PSUs) granted to the reporting person under the issuer's 2013 Plan. Each PSU represents the contingent right to receive one share of the issuer's common stock. The PSUs vest in three equal tranches at such time or times prior to December 15, 2025 that certain common stock price appreciation metrics are achieved, provided that the reporting person remains employed by the issuer as of each vesting date. |