144/A 1 axion_144a.htm FORM 144 AMENDMENT axion_144a.htm
 
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
Costa 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
 
 Finance 500
 19762 MacArthur Blvd, Suite 200
 Irvine, CA 92612
 
  
850,000
$455,000
@ 12/27/11
85,453,002
From time to time beginning
12/19/11
Over-the-Counter
 
 
 
 
            
 
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
Issue
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:
 
This Form 144  is being amended and restated in its entirety in order to update the attached addendum (Schedule of Stock) to account for sales during the last 90 days. 
 
 
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.

 

 
 
12-28-11
    
/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.

SEC 1147 (02-08)
 
 
 
 
 
 
 
Account
Type
Date
Time
Action
Quantity
Security Type
Security
Price
Contra
Principal
16294415
1
3/1/2011
16:05:56
Sold
5,000
CS
AXPW
0.81
FANC
4050
16294415
1
3/2/2011
16:05:13
Sold
43,500
CS
AXPW
0.8139
FANC
35404.65
16294415
1
3/3/2011
16:04:52
Sold
20,000
CS
AXPW
0.8118
FANC
16236
16294415
1
3/4/2011
16:04:06
Sold
46,200
CS
AXPW
0.8166
FANC
37726.92
16294415
1
3/7/2011
16:08:12
Sold
47,000
CS
AXPW
0.8152
FANC
38314.4
16294415
1
3/8/2011
16:16:36
Sold
220,400
CS
AXPW
0.838
FANC
184695.2
16294415
1
3/9/2011
16:13:29
Sold
126,000
CS
AXPW
0.9055
FANC
114093
16294415
1
3/11/2011
16:15:55
Sold
38,700
CS
AXPW
0.847
FANC
32778.9
16294415
1
3/14/2011
16:13:04
Sold
9,000
CS
AXPW
0.871
FANC
7839
16294415
1
3/15/2011
16:07:55
Sold
29,600
CS
AXPW
0.855
FANC
25308
16294415
2
3/16/2011
16:06:59
Sold
44,200
CS
AXPW
0.88
FANC
38896
16294415
3
3/17/2011
16:05:56
Sold
57,000
CS
AXPW
0.924237
FANC
52681.49
16294415
3
3/18/2011
16:08:29
Sold
56,550
CS
AXPW
0.9625
FANC
54429.38
16294415
3
3/21/2011
16:10:55
Sold
57,500
CS
AXPW
0.988
FANC
56810
16294415
3
3/22/2011
16:02:04
Sold
38,505
CS
AXPW
1.0233
FANC
39402.17
16294415
1
3/23/2011
15:30:23
Sold
10,845
CS
AXPW
1.04
FANC
11278.8
16294415
3
3/29/2011
16:07:21
Sold
118,470
CS
AXPW
1.214556
FANC
143888.5
16294415
3
3/30/2011
16:08:30
Sold
132,572
CS
AXPW
1.098
FANC
145564.1
16294415
1
4/11/2011
16:04:25
Sold
40,000
CS
AXPW
1.025374
FANC
41014.95
16294415
1
4/12/2011
16:17:23
Sold
96,000
CS
AXPW
0.9514
FANC
91334.4
16294415
1
4/14/2011
16:09:20
Sold
61,000
CS
AXPW
0.9517
FANC
58053.7
16294415
1
4/15/2011
16:06:55
Sold
38,370
CS
AXPW
0.9642
FANC
36996.35
16294415
1
4/18/2011
16:04:49
Sold
26,100
CS
AXPW
0.9411
FANC
24562.71
16294415
1
4/19/2011
14:28:27
Sold
19,427
CS
AXPW
0.9039
FANC
17560.07
         
1,381,939
        
1308919
 
 
1.  Sold pursuant to Rule 144.
2.  41,742 sold pursuant to prospectus and balance sold pursuant to Rule 144.
3.  Sold pursuant to Prospectus.
 
 
 
 
 
 
 
Date
  
#Shares
    
$/Sh
    
Gross Proceeds
  
5/13/2011
     11650     $ 0.7958     $ 9,271.07  
5/13/2011
     5350     $ 0.8125     $ 4,346.88  
5/16/2011
     19800     $ 0.7839     $ 15,521.22  
5/17/2011
     25000     $ 0.7839     $ 19,597.50  
5/17/2011
     40000     $ 0.7692     $ 30,768.00  
5/18/2011
     8000     $ 0.7923     $ 6,338.40  
5/19/2011
     25200     $ 0.8044     $ 20,270.88  
5/20/2011
     28650     $ 0.8038     $ 23,028.87  
5/23/2011
     14709     $ 0.7966     $ 11,717.19  
5/23/2011
     13291     $ 0.8000     $ 10,632.80  
5/24/2011
     19000     $ 0.7853     $ 14,920.70  
5/25/2011
     13000     $ 0.7756     $ 10,082.80  
5/26/2011
     21365     $ 0.7695     $ 16,440.37  
5/27/2011
     25000     $ 0.7696     $ 19,240.00  
5/31/2011
     70000     $ 0.7312     $ 51,184.00  
6/1/2011
     10000     $ 0.7395     $ 7,395.00  
6/2/2011
     12484     $ 0.7480     $ 9,338.03  
6/2/2011
     32516     $ 0.7416     $ 24,113.87  
6/3/2011
     144769     $ 0.6714     $ 97,197.91  
6/3/2011
     231     $ 0.6714     $ 155.09  
6/6/2011
     53671     $ 0.6902     $ 37,043.72  
6/7/2011
     24350     $ 0.6710     $ 16,338.85  
6/8/2011
     10000     $ 0.6200     $ 6,200.00  
6/8/2011
     76700     $ 0.6084     $ 46,664.28  
6/9/2011
     41000     $ 0.6383     $ 26,170.30  
6/10/2011
     7200     $ 0.6400     $ 4,608.00  
6/14/2011
     25,000.00     $ 0.6490     $ 16,225.00  
6/15/2011
     10,000.00     $ 0.6400     $ 6,400.00  
6/16/2011
     5,000.00     $ 0.6484     $ 3,242.00  
6/16/2011
     5,000.00     $ 0.6484     $ 3,242.00  
6/16/2011
     2,000.00     $ 0.6610     $ 1,322.00  
6/16/2011
     3,000.00     $ 0.6400     $ 1,920.00  
6/17/2011
     12,100.00     $ 0.6590     $ 7,973.90  
6/20/2011
     20,000.00     $ 0.6587     $ 13,174.00  
6/20/2011
     1,500.00     $ 0.6587     $ 988.05  
6/21/2011
     18,400.00     $ 0.6533     $ 12,020.72  
6/22/2011
     20,265.00     $ 0.6440     $ 13,050.66  
6/22/2011
     1,335.00     $ 0.6440     $ 859.74  
6/23/2011
     14,300.00     $ 0.6487     $ 9,276.41  
6/23/2011
     500.00     $ 0.6487     $ 324.35  
6/24/2011
     20,254.00     $ 0.6520     $ 13,205.61  
6/27/2011
     30,000.00     $ 0.6350     $ 19,050.00  
7/13/2011
     13,000.00     $ 0.6556     $ 8,522.80  
7/14/2011
     10,000.00     $ 0.6618     $ 6,618.00  
7/15/2011
     10,000.00     $ 0.6680     $ 6,680.00  
7/18/2011
     17,000.00     $ 0.6536     $ 11,111.20  
7/19/2011
     64,000.00     $ 0.6353     $ 40,659.20  
7/20/2011
     7,500.00     $ 0.6400     $ 4,800.00  
7/20/2011
     1,000.00     $ 0.6400     $ 640.00  
7/21/2011
     20,000.00     $ 0.6300     $ 12,600.00  
7/22/2011
     31,675.00     $ 0.6301     $ 19,958.42  
7/22/2011
     145.00     $ 0.6301     $ 91.36  
7/25/2011
     24,000.00     $ 0.6400     $ 15,360.00  
7/26/2011
     16,800.00     $ 0.6315     $ 10,609.20  
7/26/2011
     4,200.00     $ 0.6315     $ 2,652.30  
7/27/2011
     9,575.00     $ 0.6400     $ 6,128.00  
7/27/2011
     225.00     $ 0.6400     $ 144.00  
7/28/2011
     7,000.00     $ 0.6310     $ 4,417.00  
7/28/2011
     1,000.00     $ 0.6400     $ 640.00  
7/29/2011
     14,375.00     $ 0.6360     $ 9,142.50  
7/29/2011
     3,025.00     $ 0.6360     $ 1,923.90  
8/1/2011
     30,000.00     $ 0.6393     $ 19,179.00  
8/2/2011
     14,190     $ 0.6094     $ 8,647.39  
8/3/2011
     500,000.00     $ 0.5391     $ 269,550.00  
      1,740,300             $ 1,120,934.43