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-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 3 WASHINGTON, D.C. 20549 OMB APPROVAL
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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES OMB Number: 3235-0104
Expires: December 31, 2001
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Estimated average burden
Section 17(a) of the Public Utility Holding Company Act of 1935 or hours per response .... 0.5
(Print or Type Responses) Section 30(f) of the Investment Company Act of 1940 -----------------------------
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1. Name and Address of Reporting Person* 2. Date of Event Re- 4. Issuer Name AND Ticker or Trading Symbol
quiring Statement
Gibbard H. Frank (Month/Day/Year) H Power Corp. ("HPOW")
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(Last) (First) (Middle) 8/8/00 11. Relationship of Reporting Person(s) 12. If Amendment,
----------------------- to Issuer (Check all applicable) Date of Original
3. I.R.S. Identifica- X Director 10% Owner (Month/Day/Year)
tion Number of ---- ----
14 Plumer Road Reporting Person, Officer (give Other (specify ---------------------
------------------------------------------------- if an entity X title below) below) 7. Individual or
(Street) (voluntary) ---- ---- Joint/Group
Filing
Chief Executive Officer Form filed by One
--------------------------- X Reporting Person
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Form filed by
More than One
Reporting Person
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Epping, NH 03042
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(City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Form: Direct Ownership (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
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Common Stock, $0.001 par value per share 86,750 D
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Common Stock, $0.001 par value per share 27,000 I By Children and Nephew (1)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, SEE Instruction 5(b)(v).
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.
(Over)
SEC 1473 (3-99)
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FORM 3 (CONTINUED) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE
SECURITIES)
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1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) cisable and Underlying Derivative Security sion or ship Beneficial
Expiration (Instr. 4) Exercise Form of Ownership
Date Price of Deriv- (Instr. 5)
(Month/Day/ Deri- ative
Year) vative Security:
-------------------------------------------------- Security Direct
Amount (D) or
Date Expir- or Indirect
Exer- ation Title Number (I)
cisable Date of
Shares (Instr. 5)
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Options to Purchase Common Currently 10/6/01 Common Stock, $0.001 750,000 $2.50 D
Stock, $0.001 par value per share par value
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Options to Purchase Common 10/6/00 10/6/01 Common Stock, $0.001 250,000 $2.50 D
Stock, $0.001 par value per share par value
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Options to Purchase Common (2) 12/22/04 Common Stock, $0.001 500,000 $3.00 D
Stock, $0.001 par value per share par value
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Explanation of Responses: (1) The 27,000 shares of Common Stock are held by the eight children of the Reporting Person (an
aggregate of 26,000 shares) and by Lindsey Hough, the nephew of the Reporting Person (1000 shares).
Mr. Gibbard disclaims beneficial ownership of the shares of Common Stock held by his children and
nephew for purposes of Section 16 of the Securities Exchange Act of 1934 and for all other purposes.
(2) The option becomes exercisable as to 250,000 shares on October 6, 2000, and becomes exercisable as
to the remaining 250,000 shares on October 6, 2001.
/s/ H. Frank Gibbard 8/4/00
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**Intentional misstatements or omissions of facts constitute Federal **Signature of Reporting Person Date
Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
SEE Instruction 6 for procedure.
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 Number. Page 2
SEC 1473 (3-99)
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