SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Grape Ulrik

(Last)

(First)

(Middle)

C/O ENER1, INC.

1540 BROADWAY SUITE 25C

(Street)

NEW YORK

US 10036

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ENER1 INC [ HEV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive VP

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted common stock	06/03/2010		A		65,000⁽⁴⁾	A	$0	72,500⁽⁴⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock option	$3.43							⁽¹⁾	09/29/2015	common stock	142,858		142,858	D
Stock option	$1.61							12/21/2007⁽²⁾	12/21/2011	common stock	77,142		220,000	D
Stock option	$4.9							12/19/2008⁽²⁾	12/19/2012	common stock	60,000		280,000	D
Stock option	$2.17							10/16/2009	10/16/2016	common stock	35,715		315,715	D
Stock option	$4.05							02/17/2010	02/17/2014	common stock	24,500		340,215	D
Stock option	$3.47	06/03/2010		A		100,000		06/03/2014⁽³⁾	06/03/2017	common stock	100,000	$0	440,215	D

Explanation of Responses:

1. Performance based options that are earned when the revenues of EnerDel exceed $5.6 million in a year.

2. Incentive stock option granted under the 2007 Incentive Stock Plan vests one third on each annual anniversary date.

3. Incentive stock option granted under the 2007 Incentive Stock Plan vests one-half on each of the fourth and fifth anniversary of the grant date.

4. Restricted stock granted under the 2007 Incentive Stock Plan of which 40,000 shares vest on the third anniversary of the grant date subject to meeting performance milestones, and 25,000 shares vest one-third on each anniversary of the grant date over the course of three years. Total restricted common stock includes grant on February 8, 2010 of 7,500 shares of restricted common stock under the 2007 Incentive Stock Plan which vests on the second anniversary of the grant.

	/s/ Ulrik Grape	06/16/2010
	** Signature of Reporting Person	Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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