FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Bundschuh Paul
 2. Date of Event Requiring Statement (Month/Day/Year)
11/21/2013		 3. Issuer Name and Ticker or Trading Symbol
Ideal Power Inc. [IPWR]
(Last)
(First)
(Middle)
5004 BEE CREEK ROAD, SUITE 600		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SPICEWOOD, TX 78669		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 44,780
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option 05/12/2012 05/12/2022 Common Stock 1,228 $ 0.813 D  
Stock Option 08/25/2009 08/25/2022 Common Stock 1,281 $ 0.795 D  
Stock Option 06/30/2010 06/30/2020 Common Stock 11,781 $ 2.971 D  
Stock Option 09/30/2012 09/30/2020 Common Stock 5,890 $ 2.971 D  
Stock Option 12/31/2010 12/31/2022 Common Stock 5,890 $ 2.971 D  
Stock Option   (1) 07/19/2023 Common Stock 104,998 $ 5 D  
Warrant 04/12/2012 04/12/2019 Common Stock 2,054 $ 6.3276 D  
Convertible Promissory Note 04/12/2012   (2) Common Stock 2,851 $ 5 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bundschuh Paul
5004 BEE CREEK ROAD
SUITE 600
SPICEWOOD, TX 78669		   X     Chief Executive Officer  

Signatures

/s/ Paul A. Bundschuh 11/21/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The right to purchase one-third of the shares of common stock vests on each of December 31, 2103, December 31, 2014, and December 31, 2015.
(2) The convertible promissory note will be paid on the earlier of (i) the completion of the Company's initial public offering, or (ii) December 31, 2013. Upon the completion of an initial public offering, the convertible promissory note, including all accrued interest, will be paid with shares of the Company's common stock at the public offering price. For purposes of this report, we have accrued shares for the payment of interest through the date of this filing.

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