SCHEUER CYNTHIA A 4
4 · MECHANICAL TECHNOLOGY INC · Filed Jun 20, 2007
Insider Transaction Report
Form 4
SCHEUER CYNTHIA A
VP, CFO & Secretary
Transactions
- Award
Stock Options (Right to Buy)
2007-06-18$1.34/sh+11,250$15,075→ 26,250 totalExercise: $1.34From: 2007-06-18Exp: 2014-06-17→ Common Stock (11,250 underlying) - Award
Stock Options (Right to Buy)
2007-06-18$1.34/sh+48,750$65,325→ 48,750 totalExercise: $1.34From: 2008-01-01Exp: 2014-06-18→ Common Stock (48,750 underlying) - Award
Stock Options (Right to Buy)
2007-06-18$1.34/sh+15,000$20,100→ 15,000 totalExercise: $1.34From: 2007-06-18Exp: 2014-06-17→ Common Stock (15,000 underlying) - Award
Common Stock
2007-06-18+5,000→ 43,750 total
Footnotes (4)
- [F1]Vesting based upon the successful completion of certain Company financial goals established by the Company's Board of Directors. These goals must be achieved by June 30, 2008 or they will be forfeited.
- [F2]Immediately Vested
- [F3]Options vest based upon the successful completion of all external Company milestones and certain internal Company milestones established by the Company's Board of Directors. These goals must be achieved by December 31, 2007 or the options will be forfeited.
- [F4]Options vest quarterly at a rate of 6.25% per quarter with first vest occurring on January 1, 2008.