PINX:AXPW Insider Activity 144 Filing - 6/14/2012

Effective Date 6/14/2012

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UNITED STATES
OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION
OMB Number:
3235-0101
Washington, D.C. 20549
Expires:
March 31, 2011
 
Estimated average burden
FORM 144
hours per response
2.00
NOTICE OF PROPOSED SALE OF SECURITIES
SEC USE ONLY
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
DOCUMENT SEQUENCE NO.
   
ATTENTION:  Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.
 
CUSIP NUMBER
 
 
WORK LOCATION
 
 
 
1 (a) NAME OF ISSUER (Please type or print)
(b) IRS IDENT. NO.
(c) S.E.C. FILE NO
 
  Axion International Power Inc.      
65-0774638 
 000-22573
 
1 (d) ADDRESS OF ISSUER
 STREET 
CITY
STATE
ZIP CODE
(e) TELEPHONE NO
 
 3601 Clover Lane      
New Castle
 PA
16105
 724-654-9300
2 (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD
 
(b) RELATIONSHIP TO ISSUER
(c) ADDRESS STREET 
CITY
STATE
ZIP CODE
  The Quercus Trust
 
10% Holder
 1835 Newport Blvd., A109-PMB467   
Cost Mesa
CA
92627
 
INSTRUCTION:  The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.
 
3 (a)
(b)
SEC USE ONLY
(c)
(d)
(e)
(f)
(g)
Title of the
Class of
Securities To
Be Sold
Name and Address of Each Broker Through Whom the
Securities are to be Offered or Each Market Maker
who is Acquiring the Securities
Broker-Dealer
File Number
Number of Shares
or Other Units
To Be Sold
(See instr. 3(c))
Aggregate
Market
Value
(See instr. 3(d))
Number of Shares
or Other Units
Outstanding
(See instr. 3(e))
Approximate
Date of Sale
(See instr. 3(f))
(MO.  DAY  YR.)
Name of Each
Securities
Exchange
(See instr. 3(g))
Common Stock
 
  Finance 500
  19762 MacArthur Blvd., Suite 200 
  Irvine, CA  92612
 
 
850,000
$260,950
@ 6/11/2012
113,211,091
6/15/12
 
 
 
 
 
           
 
INSTRUCTIONS:
       
1.
(a)
Name of issuer
 
3.
(a)
Title of the class of securities to be sold
 
(b)
Issuer’s I.R.S. Identification Number
   
(b)
Name and address of each broker through whom the securities are intended to be sold
 
(c)
Issuer’s S.E.C. file number, if any
   
(c)
Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
 
(d)
Issuer’s address, including zip code
   
(d)
Aggregate market value of the securities to be sold as of a specified date within 10 days prior to filing of this notice
 
(e)
Issuer’s telephone number, including area code
   
(e)
Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer
         
(f)
Approximate date on which the securities are to be sold
2.
(a)
Name of person for whose account the securities are to be sold
   
(g)
Name of each securities exchange, if any, on which the securities are intended to be sold
 
(b)
Such person’s relationship to the issuer (e.g., officer, director, 10% stockholder, or member of immediate family of any of the foregoing)
       
 
(c)
Such person’s address, including zip code
       

 
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
SEC 1147 (08-07)
 
 
 

 
 
TABLE I — SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the securities to be sold
and with respect to the payment of all or any part of the purchase price or other consideration therefor:
 
Title of
the Class
Date you
Acquired
Nature of Acquisition Transaction
Name of Person from Whom Acquired
(If gift, also give date donor acquired)
Amount of
Securities Acquired
Date of
Payment
Nature of Payment
 
Common Stock
 
6/30/08
Purchase
Issuer
8,571,429
6/30/2008
Cash
 
           

 
INSTRUCTIONS:
 
If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

 

 
TABLE II — SECURITIES SOLD DURING THE PAST 3 MONTHS
 
Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.
 
Name and Address of Seller
Title of Securities Sold
Date of Sale
Amount of
Securities Sold
Gross Proceeds
  Quercus Trust
  1835 Newport Blvd.
  A109-PMB 467
  Costa Mesa, CA  92627
Common Stock
 
(1)
 
(1)
(1)
 
______
(1) See attached addendum.
 
REMARKS:
 
INSTRUCTIONS:
 
ATTENTION:
See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
 
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

 

 
 
June 12, 2012
   
/s/ Joseph Barlett, attorney-in-fact for David Gelbaum, Trustee,
The Quercus Trust
 
 
DATE OF NOTICE
   
(SIGNATURE)
 
 
     
 
DATE OF PLAN ADOPTION OR GIVING OF INSTRUCTION, IF RELYING ON RULE 10B5-1
 
The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed. Any copies not manually signed shall bear typed or printed signatures.

 
  ATTENTION:  Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)
 
SEC 1147 (02-08)
 
 

 
 
 
 
  Date of   Amount   Price   Gross 
  Sale   Sold   Per Share Proceeds
  3/16/2012   15,000   0.381   $5,715.00
  3/19/2012   15,000   0.3853   $5,779.50
  3/20/2012   25,000   0.385   $9,625.00
  3/21/2012   25,000   0.401   $10,025.00
  3/22/2012   19,000   0.382   $7,258.00
  3/23/2012   20,000   0.3832   $7,664.00
  3/26/2012   19,000   0.396789   $7,539.00
  3/27/2012   18,000   0.395   $7,110.00
  3/28/2012   16,000   0.392   $6,272.00
  3/29/2012   34,000   0.396971   $13,497.00
  3/30/2012   11,000   0.4023   $4,425.30
  4/2/2012   53,000   0.405498   $21,491.40
  4/3/2012   71,000   0.438468   $31,131.20
  4/4/2012   49,000   0.428   $20,972.00
  4/5/2012   12,000   0.43   $5,160.00
  4/9/2012   10,000   0.429   $4,290.00
  4/10/2012   28,000   0.418   $11,704.00
  4/11/2012   12,000   0.425   $5,100.00
  4/12/2012   22,000   0.438   $9,636.00
  4/13/2012   21,000   0.439   $9,219.00
  4/16/2012   28,000   0.422854   $11,839.92
  4/17/2012   11,000   0.424   $4,664.00
  4/18/2012   13,000   0.425   $5,525.00
  4/19/2012   11,000   0.427   $4,697.00
  4/20/2012   6,000   0.426   $2,556.00
  4/23/2012   30,000   0.421773   $12,653.20
  4/24/2012   19,000   0.427   $8,113.00
  4/25/2012   35,000   0.4254   $14,889.00
  4/26/2012   202,000   0.417242   $84,282.86

PINX:AXPW Insider Activity 144 Filling

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PINX:AXPW Insider Activity 144 Filing - 6/14/2012
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