Taylor George W 4
4 · Ocean Power Technologies, Inc. · Filed Jun 16, 2011
Insider Transaction Report
Form 4
Taylor George W
DirectorExecutive Chairman10% Owner
Transactions
- Award
Employee Stock Option (Right to Buy)
2011-06-14+6,537→ 6,537 totalExercise: $4.05Exp: 2021-06-13→ Common Stock (6,537 underlying) - Disposition to Issuer
Common Stock
2011-06-14−810→ 462,991 total - Award
Employee Stock Option (Right to Buy)
2011-06-14+35,000→ 35,000 totalExercise: $4.05Exp: 2021-06-13→ Common Stock (35,000 underlying)
Holdings
- 543(indirect: See footnote)
Common Stock
Footnotes (4)
- [F1]Represents portion of previously granted shares of restricted common stock which will not vest. Vesting is based on performance during the fiscal year ended April 30, 2011.
- [F2]Shares held by Princeton Research Associates, Inc. Dr. Taylor is President and a director of Princeton Research Associates. Dr. Taylor disclaims beneficial ownership of the shares held by Princeton Research Associates, Inc. except to the extent of his pecuniary interest therein.
- [F3]Exercisable in two equal installments, 50% on June 13, 2012 and 50% on June 13, 2013.
- [F4]Exercisable over three years based on performance.