4//SEC Filing
Marvin Russel H 4
Accession 0000064463-06-000007
CIK 0000064463other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 3:34 PM ET
Size
8.9 KB
Accession
0000064463-06-000007
Insider Transaction Report
Form 4
Marvin Russel H
Other
Transactions
- Award
Stock Options (Right to Buy)
2005-12-30$2.80/sh+47,292$132,418→ 47,292 totalExercise: $2.80From: 2005-12-30Exp: 2015-04-03→ Common Stock (47,292 underlying) - Award
Stock Options (Right to Buy)
2005-12-30$2.80/sh+30,958$86,682→ 30,958 totalExercise: $2.80From: 2005-12-30Exp: 2015-04-03→ Common Stock (30,958 underlying)
Footnotes (3)
- [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]5,912 are immediately vested and the remainder vests 7.14% per quarter beginning on 01/04/06.
- [F3]3,870 are immediately vested and the remainder vests 7.14% per quarter beginning on 01/04/06.
Documents
Issuer
MECHANICAL TECHNOLOGY INC
CIK 0000064463
Entity typeother
Related Parties
1- filerCIK 0001331088
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 3:34 PM ET
- Size
- 8.9 KB