Axion Power International, Inc. | 2013 | FY |

The following table provides summary information on warrants outstanding as of December 31, 2013 and 2012, with summary information on the various warrants issued by the Company in private placement transactions, warrants exercised to date, warrants that are presently exercisable and the current exercise prices of such warrants.

  

					2013						2012
		Shares			Weighted Average Exercise price			Shares			Weighted Average Exercise Price
Warrants outstanding January 1			11,712,315		$	0.83			11,896,070		$	0.83
Granted during year			20,780,775			0.31			-			-
Exercised			-						-			-
Lapsed			(11,666,654)			0.83			(183,755)			2.35
Outstanding at December 31			20,826,436		$	0.30			11,712,315		$	0.83
Weighted average years remaining			4.3						0.30