X0306 4 2014-11-18 0 0001140310 ZBB ENERGY CORP ZBB 0001271449 KOEPPE PAUL F N93 W14475 WHITTAKER WAY MENOMONEE FALLS WI 53051 1 0 0 0 Common Stock 581885 D Restricted Stock Units 0 2014-11-18 4 A 0 112500 0 A Common Stock 112500 112500 D Each restricted stock unit represents a contingent right to receive one share of common stock. Restricted stock units that become earned and vested are payable at the earlier of (i) six months following separation from service and (ii) the date of a change in control. Represents restricted stock unit award granted pursuant to the Company's director compensation policy. The restricted stock units vest as follows: 25% on the date of grant and the remaining units vest in three equal installments on each of March 31, 2015, June 30, 2015 and September 30, 2015, respectively. /s/ Paul Koeppe by Mark R. Busch, attorney-in-fact 2014-11-20