Ocean Power Technologies, Inc. 4
4 · Ocean Power Technologies, Inc. · Filed Jan 2, 2014
Insider Transaction Report
Form 4
Taylor George W
DirectorExecutive Chairman10% Owner
Transactions
- Award
Employee Stock Option (Right to Buy)
2013-12-31+11,056→ 11,056 totalExercise: $1.92Exp: 2023-12-31→ Common Stock (11,056 underlying)
Footnotes (2)
- [F1]Fully vested and exercisable on the date of grant.
- [F2]Granted in accordance with a salary reduction agreement dated July 11, 2013. In accordance with this agreement, the grantee voluntarily reduced his cash salary compensation and in consideration of this reduction elected to receive incentive stock options equal in value to the aggregate reduction in base salary.