Phebus Christopher 4
4 · Ocean Power Technologies, Inc. · Filed Jan 19, 2018
Insider Transaction Report
Form 4
Phebus Christopher
Vice President - Engineering
Transactions
- Award
Common Stock
2018-01-18$1.11/sh+97,297$108,000→ 97,297 total
Footnotes (1)
- [F1]Restricted Stock granted under Ocean Power Technologies, Inc. Employment Inducement Incentive Award Plan as initial equity compensation, equivalent to 40% of base salary, which will vest for 3 years on the following terms: 33.3% vests on 01/18/2019, 33.3% vests on 01/18/2020, 33.4% vests on 01/18/2021.