Taylor George W 4
4 · Ocean Power Technologies, Inc. · Filed Apr 10, 2013
Insider Transaction Report
Form 4
Taylor George W
DirectorExecutive Chairman10% Owner
Transactions
- Award
Employee Stock Option (Right to Buy)
2013-04-09+13,482→ 13,482 totalExercise: $1.52Exp: 2023-04-08→ Common Stock (13,482 underlying)
Footnotes (2)
- [F1]Fully vested and exercisable on the date of grant.
- [F2]Granted in accordance with a salary reduction agreement dated December 12, 2012. In accordance with this agreement the grantee voluntarily reduced his salary compensation and in consideration of this reduction could elect the equivalent incentive stock options or restricted stock equal in value to the aggregate reduction in base salary.