4//SEC Filing
BECERRA JUAN J 4
Accession 0000064463-06-000002
CIK 0000064463other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 3:16 PM ET
Size
13.6 KB
Accession
0000064463-06-000002
Insider Transaction Report
Form 4
BECERRA JUAN J
VP Market & Bus Dev - MTI MFCIOther
Transactions
- Award
Stock Options (Right to Buy)
2005-12-30$2.80/sh+5,000$14,000→ 5,000 totalExercise: $2.80From: 2005-12-30Exp: 2012-07-16→ Common Stock (5,000 underlying) - Award
Stock Options (Right to Buy)
2005-12-30$2.80/sh+33,333$93,332→ 33,333 totalExercise: $2.80From: 2005-12-30Exp: 2013-03-31→ Common Stock (33,333 underlying) - Award
Stock Options (Right to Buy)
2005-12-30$2.80/sh+6,667$18,668→ 6,667 totalExercise: $2.80From: 2005-12-30Exp: 2011-05-20→ Common Stock (6,667 underlying)
Footnotes (5)
- [F1]Represents options issued in exchange for MTI Micro options tendered and canceled pursuant to the MTI and MTI Micro November 28, 2005 Exchange Offer. The exchange rate is one (1) MTI option for each two (2) shares of MTI Micro common stock issuable upon exercise of surrendered MTI Micro options, rounded down to the nearest whole share, or if an individual had an MTI Micro option balance in excess of 150,000, then at a rate of one (1) MTI option for each four (4) shares of MTI Micro common stock issuable upon exercise of surrendered MTI Micro options in excess of 150,000. All options were issued with the same vesting schedule and expiration term as the originally issued MTI Micro options.
- [F2]Immediately Vested.
- [F3]3,750 are immediately vested and the remainder vests on 04/01/06.
- [F4]3,750 are immediately vested and the remainder vests on 07/17/06.
- [F5]16,667 are immediately vested and the remainder vests 50% on 04/01/06 and 04/01/07, respectively.
Documents
Issuer
MECHANICAL TECHNOLOGY INC
CIK 0000064463
Entity typeother
Related Parties
1- filerCIK 0001258675
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 3:16 PM ET
- Size
- 13.6 KB