LIM PENG K 4
4 · MECHANICAL TECHNOLOGY INC · Filed Sep 17, 2010
Insider Transaction Report
Form 4
LIM PENG K
DirectorCHAIRMAN AND CEO
Transactions
- Award
Stock Options (Rights to Buy)
2010-09-15$0.59/sh+100,000$59,000→ 100,000 totalExercise: $0.59Exp: 2020-09-15→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]The option was granted under the Company's Amended and Restated 2006 Equity Incentive Plan.
- [F2]Options to purchase Common Stock of Company pursuant to Issuer's Amended and Restated 2006 Equity Incentive Plan and subject thereto. Vesting at the rate of (i) 50% of the shares immediately upon the Grant Date, and (ii) the remaining 50% of the shares at a rate of 1/36 per month for the three (3) years following the Grant Date, for so long as the recipient of the Option remains an employee of or consultant to the Company, and subject to the terms and conditions of the Stock Option Agreement entered into by and between the Company and the Optionee.