FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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 ==================================================================================================================================== 1. Name and Address of Reporting Person* / 2. Date of Event / 4. Issuer Name and Ticker or Trading Symbol / Requiring / / Statement / / (Month/Day/Year)/ Digital Power Corporation (DPW) Yatim, Haim / 08/16/02 / ------------------------------------------------------------------------------------------------------------------------------------ (Last) (First) (Middle) / 3. IRS / 5. Relationship of Reporting Person(s) / 6. If Amendment, / Identification / to Issuer (Check all applicable) / Date of Original / Number of / / (Month/Day/Year) 41920 Christy Street / Reporting Person,/ __ Director __ 10% Owner / ---------------------------------------- / if an entity / X Officer __ Other /------------------------- (Street) / (Voluntary) / (give title below) (Specify below) / 7. Individual or Joint/ / / / Group Filing / / Chief Financial Officer / (Check applicable line) / / / Fremont, CA 94538 / / / X Form filed by One -----------------------------------------/ / / Reporting Person (City) (State) (Zip) / / / __ Form filed by More / / / than One Reporting / / / Person ------------------------------------------------------------------------------------------------------------------------------------ Table I - Nonderivative Securities Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security (Instr. 4) / 2. Amount of Securities / 3. Ownership Form: / 4. Nature of Indirect / Beneficially Owned / Direct (D) Indirect (I) / Beneficial Ownership / (Instr. 4) / (Instr. 5) / (Instr. 5) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. 2 FORM 3 (continued) Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ==================================================================================================================================== 1. Title of / 2. Date Exercisable / 3. Title and Amount / 4. Conversion or / 5. Ownership / 6. Nature of Indirect Derivative / and Expiration / of Securities / Exercise Price / Form of / Beneficial Ownership Security / Date / Underlying / of Derivative / Derivative / (Instr. 5) (Instr. 4) / (Month/Day/Year) / Derivative / Security / Security: / / / Security / / Dicerct (D) / / / (Instr. 4) / / Indirect (I)/ /-------------------------------------------/ / (Instr.5) / / Date / Expir- / / Amt./No. / / / / Exer- / ation / / of / / / / cisable / Date / Title / Shares / / / ------------------------------------------------------------------------------------------------------------------------------------ Option to Purchase (1) 8/13/12 Common 50,000 $0.59 D N/A Common Stock Stock ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Explanation of Responses: (1) 12,500 vests 8/13/03 12,500 vests 8/13/04 12,500 vests 8/13/05 12,500 vests 8/13/06 /S/ HAIM YATIM 8/30/02 ------------------------------- ------------- Haim Yatim Date * If the form is filed by more than one person, see Instruction 5(b)(v). **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, See Instruction 6 for procedure.