Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
Ideal Power, Inc.
(Name of Issuer)
Common Stock, Par Value $.001
(Title of Class of Securities)
451622203
(CUSIP Number)
November 30, 2019
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person?s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be ?filed? for the purpose of Section 18 of the
Securities Exchange Act of 1934 (?Act?) or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
CUSIP No. 451622203
(1) Names of Reporting Persons. I.R.S. Identification Nos. of
Above Persons (entities only):
AWM Investment Company, Inc.
(2) Check the Appropriate Box if a Member of a Group (See
Instructions) (a)___ b)___
(3) SEC Use Only
(4) Citizenship or Place of Organization: Delaware, United States
Number of Shares Beneficially
Owned by Each Reporting Person
With
(5) Sole Voting Power:
46,458 (Common Shares)**
201,693 (9.99% of outstanding shares)
(6) Shared Voting Power: 0**
(7) Sole Dispositive Power:
46,458 (Common Shares)**
201,693 (9.99% of outstanding shares)
(8) Shared Dispositive Power: 0**
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person: 46,458 (Common Shares) 201,693 (9.99% of
outstanding shares)**
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions):
(11) Percent of Class Represented by Amount in Row (9): 9.99**
(12) Type of Reporting Person (See Instructions): IA
**AWM Investment Company, Inc., a Delaware corporation (?AWM?), is the
investment adviser to Special Situations Cayman Fund, L.P. (?CAYMAN?),
Special Situations Fund III QP, L.P. (?SSFQP?), Special Situations
Technology Fund, L.P. (?TECH?) and Special Situations Technology Fund
II, L.P. (?TECH II?). (CAYMAN, SSFQP, TECH and TECH II will hereafter
be referred to as the ?Funds?). As the investment adviser to the
Funds, AWM holds sole voting and investment power over 6,818 shares
of Common Stock of the Issuer (the ?Shares?), 118,420 shares of
Preferred Stock*** convertible into 11,842 Shares, 91,204 Warrants***
to purchase Shares and 59,121 Pre-funded Warrants*** to purchase
Shares held by CAYMAN, 23,446 Shares, 407,390 shares of Preferred
Stock*** convertible into 40,739 Shares, 313,720 Warrants*** to
purchase Shares and 203,359 Pre-funded Warrants*** to purchase Shares
held by SSFQP, 2,412 Shares, 42,350 shares of Preferred Stock***
convertible into 4,235 Shares, 32,514 Warrants*** to purchase Shares
and 21,060 Pre-funded Warrants*** to purchase Shares held by TECH and
13,782 Shares, 241,840 shares of Preferred Stock*** convertible into
24,184 Shares, 185,693 Warrants*** to purchase Shares and 120,288 Pre-
funded Warrants*** to purchase Shares held by TECH II. Austin W. Marxe
(?Marxe?), David M. Greenhouse (?Greenhouse?) and Adam C. Stettner
(?Stettner?) previously reported the Shares held by the Funds on
Schedule 13G. Accordingly, reference should be made to Marxe,
Greenhouse and Stettner (CIK #0001044321) for filings prior to
February 14, 2015 with the Securities and Exchange Commission relating
to the Shares held by each of the Funds. See Items 2 and 4 of this
Schedule for additional information.
*** The Preferred Shares and Warrants described herein may only be
converted or exercised into Common Shares to the extent that the total
number of Common Shares then beneficially owned does not exceed 9.99%
of the outstanding shares.
Item 1(a). Name Of Issuer: Ideal Power, Inc.
Item 1(b). Address of Issuer?s Principal Executive Offices:
5004 Bee Creek Road ? Suite 600
Spicewood, Texas 78669
Item 2(a). Name of Person Filing:
The person filing this report is AWM Investment Company, Inc.,
a Delaware corporation (?AWM?), which is the investment adviser
to Special Situations Cayman Fund, L.P., a Cayman Islands
Limited Partnership (?CAYMAN?), Special Situations Fund III QP,
L.P., a Delaware limited partnership (?SSFQP?), Special
Situations Technology Fund, L.P., a Delaware limited
partnership (?TECH?) and Special Situations Technology Fund II,
L.P., a Delaware limited partnership (?TECH II?), (CAYMAN,
SSFQP, TECH and TECH II, will hereafter be referred to as the
?Funds?). The principal business of each Fund is to invest in
equity and equity-related securities and other securities of
any kind or nature.
Austin W. Marxe (?Marxe?), David M. Greenhouse (?Greenhouse?)
and Adam C. Stettner (?Stettner?) are members of: SSCayman,
L.L.C., a Delaware limited liability company (?SSCAY?), the
general partner of CAYMAN; MGP Advisers Limited Partnership, a
Delaware limited partnership (?MGP?), the general partner of
SSFQP; and SST Advisers, L.L.C., a Delaware limited liability
company (?SSTA?), the general partner of TECH and TECH II.
Marxe, Greenhouse and Stettner are also controlling principals
of AWM.
Item 2(b). Address of Principal Business Office or, if None,
Residence:
The principal business address for AWM is c/o Special
Situations Funds, 527 Madison Avenue, Suite 2600, New York, NY
10022.
Item 2(c). Citizenship: AWM is a Delaware Corporation.
Item 2(d). Title of Class of Securities: Common Stock, Par
Value $.001
Item 2(e). CUSIP No.: 451622203
Item 3. If This Statement Is Filed Pursuant to ??240.13d-1(b) or
240.13d-2(b) or (c), check whether the Person Filing is a:
Not Applicable.
Item 4. Ownership
(a) Amount Beneficially Owned: 46,458 (Common Shares) 201,693
(9.99% of outstanding shares)**
(b) Percent of Class: 9.99%**
(c) Number of Shares as to which the person has:
(i) sole power to vote or to direct the vote: 46,458
(Common Shares) 201,693 (9.99% of outstanding
shares)**
(ii) shared power to vote or to direct the vote: 0**
(iii) sole power to dispose or to direct the disposition of:
46,458 (Common Shares) 201,693 (9.99% of outstanding
shares)**
(iv) shared power to dispose or to direct the disposition
of: 0**
______________________________________________________________________
** AWM is the investment adviser to each of the Funds. As the
investment adviser to the Funds, AWM holds sole voting and investment
power over 6,818 shares of Common Stock of the Issuer (the ?Shares?),
118,420 shares of Preferred Stock*** convertible into 11,842 Shares,
91,204 Warrants*** to purchase Shares and 59,121 Pre-funded
Warrants*** to purchase Shares held by CAYMAN, 23,446 Shares, 407,390
shares of Preferred Stock*** convertible into 40,739 Shares, 313,720
Warrants*** to purchase Shares and 203,359 Pre-funded Warrants*** to
purchase Shares held by SSFQP, 2,412 Shares, 42,350 shares of
Preferred Stock*** convertible into 4,235 Shares, 32,514 Warrants***
to purchase Shares and 21,060 Pre-funded Warrants*** to purchase
Shares held by TECH and 13,782 Shares, 241,840 shares of Preferred
Stock*** convertible into 24,184 Shares, 185,693 Warrants*** to
purchase Shares and 120,288 Pre-funded Warrants*** to purchase Shares
held by TECH II. Marxe, Greenhouse and Stettner are members of: SSCAY,
the general partner of CAYMAN; MGP, the general partner of SSFQP; and
SSTA, the general partner of TECH and TECH II. Marxe, Greenhouse and
Stettner are also controlling principals of AWM. Marxe, Greenhouse
and Stettner previously reported the Shares held by the Funds on
Schedule 13G. Accordingly, reference should be made to Marxe,
Greenhouse and Stettner (CIK #0001044321) for filings prior to
February 14, 2015 with the Securities and Exchange Commission relating
to the Shares held by each of the Funds.
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the
following. ___
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company or Control Person
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is
true, complete and correct.
Dated: December 9, 2019
AWM INVESTMENT COMPANY, INC.
By: /s/ Adam Stettner
Name: Adam Stettner
Title: Vice President
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
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