$OPTT|4Jun 28, 5:00 PM ET

Ocean Power Technologies, Inc. 4

4 · Ocean Power Technologies, Inc. · Filed Jun 28, 2013

Form 4

Period: 2013-06-19

DirectorCFO, SVP, Treasurer and Sec.

Transactions

Disposition to Issuer
Common Stock
2013-06-19−12,018→ 136,242 total
Award
Employee Stock Option (Right to Buy)
2013-06-19+7,630→ 7,630 total
Exercise: $1.68Exp: 2023-06-18→ Common Stock (7,630 underlying)
Tax Payment
Common Stock
2013-06-19$1.68/sh−3,340$5,611→ 132,902 total
Disposition to Issuer
Employee Stock Option (Right to Buy)
2013-06-19−1,198→ 0 total
Exercise: $1.68Exp: 2022-06-18→ Common Stock (1,198 underlying)
Award
Employee Stock Option (Right to Buy)
2013-06-19+30,000→ 30,000 total
Exercise: $1.68Exp: 2023-06-18→ Common Stock (30,000 underlying)

Footnotes (5)

[F1]Represents portion of previously granted shares of restricted common stock that will not vest. Vesting is based on performance during the fiscal year ended April 30, 2013.
[F2]Represents shares delivered back to the Company for payment of tax liability related to shares that vested.
[F3]Represents portion of previously granted options to purchase common stock that will not vest. Vesting is based on performance during fiscal year ended April 30, 2013.
[F4]Issued pursuant to the 2006 Stock Incentive Plan. Vests and becomes exercisable in five equal annual installments beginning one year after the date of grant.
[F5]Issued pursuant to the 2006 Stock Incentive Plan. Vests and becomes exercisable in three equal annual installments over three years, beginning one year after the date of grant, based on performance.

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