X0304 4 2012-01-27 0 0001024075 POWER EFFICIENCY CORP [PEFF] 0001496470 Meisel Phillip L 1005 TROPHY HILLS DRIVE LAS VEGAS NV 89134 1 1 1 0 Chairman of the Board Series E Convertible Preferred Stock, par value $0.001 0.00 2012-01-27 4 P 0 250 10000 A Common Stock 250000000 D The Series E Convertible Preferred Stock is subject to mandatory conversion at such time as the Company possesses a sufficient number of authorized shares of Common Stock to convert all of the outstanding shares of Series E Convertible Preferred Stock. Each share of Series E Convertible Preferred Stock is currently convertible into 1,000,000 shares of Issuer's Common Stock. The Series E Convertible Preferred Stock has no expiration date. PHILIP L MEISEL 2012-02-10