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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 4/4/22 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1507957 |
| Issuer Name: Ideal Power Inc. |
| Issuer Trading Symbol: IPWR |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1920565 |
| | Owner Name: FREEMAN DRUE |
| Reporting Owner Address: |
| | Owner Street 1: 5508 HIGHWAY 290 WEST |
| | Owner Street 2: SUITE 120 |
| | Owner City: AUSTIN |
| | Owner State: TX |
| | Owner ZIP Code: 78735 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: |
| | Other Text: |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Option to Purchase Stock |
| | Conversion or Exercise Price: |
| | | Value: 9.31 |
| | Transaction Date: |
| | | Value: 4/4/22 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 8,983 |
| | | Transaction Price Per Share: |
| Value: 0.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 4/4/32 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 8,983 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 8,983 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: The option vests as follows: 2,995 shares vest on June 30, 2022, 2,994 shares vest on September 30, 2022 and 2,994 shares vest on December 31, 2022. |
| Owner Signature: |
| Signature Name: /s/ Timothy Burns, Attorney-in-Fact |
| Signature Date: 4/6/22 |
