Ideal Power Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan

Equity Incentive Plan

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Note 8 — Equity Incentive Plan

On May 17, 2013, the Company adopted the 2013 Equity Incentive Plan (the “Plan”) and reserved shares of common stock for issuance under the Plan. The Plan is administered by the Compensation Committee of the Company’s Board of Directors.

At March 31, 2019, 764,588 shares of common stock were available for issuance under the Plan.

A summary of the Company’s stock option activity and related information is as follows:

	Stock Options			Weighted Average Exercise Price		Weighted Average Remaining Life (in years)
Outstanding at December 31, 2018		1,470,447		$	5.08		6.8
Granted		—
Forfeited/Expired/Exchanged		(188,900	)	$	5.61
Outstanding at March 31, 2019		1,281,547		$	5.00		6.6
Exercisable at March 31, 2019		1,276,297		$	4.99		6.6

A summary of the Company’s restricted stock unit activity is as follows:

	Restricted Stock Units
Outstanding at December 31, 2018		69,375
Granted		—
Vested		—
Forfeited		(58,125	)
Outstanding at March 31, 2019		11,250

The Company had 119,000 performance stock units outstanding at both March 31, 2019 and December 31, 2018.

At March 31, 2019, there was $106,421 of unrecognized compensation cost related to non-vested equity awards granted under the Plan. That cost is expected to be recognized over a weighted average period of 0.4 years.