FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
FORM 4 Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
|_| Check this box if no longer subject
to Section 16. Form 4 or Form 5
obligations may continue. See
Instruction 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act
of 1935 or Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
<TABLE>
<S> <C> <C> <C> <C>
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1. Name and Address of Reporting Person*/ 2. Issuer Name and / 5. Relationship of Reporting
/ Ticker or Trading Symbol / Person(s) to Issuer
/ / (Check all applicable)
/ / -X- Director --- 10% Owner
(Last) (First) (Middle) / DIGITAL POWER CORPORATION / -X- Officer --- Other
SMITH, ROBERT / (AMEX:DPW) / (give title below) (specify below)
/ / CHIEF EXECUTIVE OFFICER
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/ /
/ 3. Statement 4. If Amendment, Date / 6. Individual or Joint/Group Filing
/ for Month/Year of Original(Month/Year) / (Check Applicable Line)
/ / X Form filed by one Reporting Person
/ 09/2000 ---- / -- Form filed by More than One
/ / Reporting Person
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/ /
/ /
C/O DIGITAL POWER CORPORATION / /
41920 CHRISTY STREET / /
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(Street) / /
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/ /
/ /
FREMONT, CALIFORNIA 94538 / /
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(City) (State) (Zip) / /
/ /
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</TABLE>
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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1. Title / 2. Transaction / 3. Transaction / 4. Securities Acquired (A) / 5. Amount of / / /
of / Date / Code / or Disposed (D)(Instr.3,4,and 5) / Securities / 6. Ownership / 7.Nature of /
Security / (Mo/Day/Yr) / (Instr. 8) / / Beneficially Owned / Form: Direct/ Indirect /
(Inst.3) / / ---------------------------------------------------/ at End of Month / (D) or / Beneficial /
/ / Code / V / Amount / (A) or (D) / Price / (Instr. 3 / Indirect(I) / Ownership /
/ / / / / / / and 4 / (Instr.4) / (Instr.4) /
===================================================================================================================================/
Common
Stock 09/08/00 M 36,900 A $ 0.50 D
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Common
Stock 09/12/00 M 50,000 A $ 1.80 D
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Common
Stock 09/14/00 M 50,000 A $ 1.80 D
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Common
Stock 09/18/00 M 100,000 A $ 1.8750 D
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Common
Stock 09/18/00 M 100,000 A $ 1.5625 D
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Common
Stock 09/08/00 S 36,900 D $ 9.0637 D
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Common
Stock 09/12/00 S 10,000 D $14.0166 D
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Common
Stock 09/12/00 S 40,000 D $10.0062 D
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Common
Stock 09/14/00 S 50,000 D $10.0062 D
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Common
Stock 09/18/00 S 100,000 D $ 6.0008 D
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Common
Stock 09/18/00 S 100,000 D $ 6.0008 3,500 D
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Common 167,504 I By Trustee of
Stock Digital Power
ESOP
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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 4(b)(v).
</TABLE>
<PAGE>2
FORM 4 (continued)
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Title / Conversion/ Trans- / Trans- / Nature of / Date / Title /Price of / Number / Ownership / Nature of /
of / of / action / action / Derivative/ Exercisable / and / Deriv- / of / Form of / Indirect /
Derivative / Exercise / Date / Code / Securities/ and / Amount / ative / Deriv- / Derivative / Beneficial/
Security / Price of / (Mo./ / (Instr./ Aquired(A)/ Expiration / of / Secur- / ative / Security: / Ownership /
(Instr. 3) / Derivative/ Day/ / 8) / Disposed / Date / Under- / ity / Securi-/ Direct (D) / (Instr.4) /
/ Security / Year) / / of (D) / (Month / lying / / ties / or Indirect/ /
/ / / / (Instr. 3,/ Day/ year) / Securities / /Benefic-/ (Instr. 4) / /
/ / / / 4 and 5) / / (Instr. 3 / /ally / / /
/ / / / / / and 4) / /Owned at/ / /
/ / /-----------------------------------------------------/ /End of / / /
/ / /Code/ V / (A)/ (D)/ Date / Expir-/ Title /Amount/ / Month / / /
/ / / / / / / Exer- / ation / / / /(Instr. / / /
/ / / / / / / cisable/ Date / / / / 4) / / /
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OPTIONS TO $0.50 09/08/00 M 36,900 IMMED. COMMON 36,000 0.50
PURCHASE STOCK
COMMON
STOCK
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OPTIONS TO $1.80 09/12/00 M 50,000 IMMED. COMMON 50,000 1.80
PURCHASE STOCK
COMMON
STOCK
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OPTIONS TO $1.80 09/14/00 M 50,000 IMMED. COMMON 50,000 1.80
PURCHASE STOCK
COMMON
STOCK
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OPTIONS TO $1.8750 09/18/00 M 100,000 IMMED. COMMON 100,000 1.8750
PURCHASE STOCK
COMMON
STOCK
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OPTIONS TO $1.5625 09/18/00 M 100,000 IMMED. COMMON 100,000 1.5625 235,500 D
PURCHASE STOCK
COMMON
STOCK
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</TABLE>
Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
/s/ROBERT SMITH 10/10/00
-------------------------------- ---------
Robert Smith Date
**Signature of Reporting Person
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
