Shafer Matthew T 4
4 · Ocean Power Technologies, Inc. · Filed Jan 21, 2020
Insider Transaction Report
Form 4
Shafer Matthew T
CFO and Treasurer
Transactions
- Award
Stock Option (right to buy)
2020-01-16+13,333→ 13,333 totalExercise: $1.05From: 2020-01-16Exp: 2030-01-16→ Common Stock (13,333 underlying) - Award
Stock Option (right to buy)
2020-01-16+26,667→ 26,667 totalExercise: $1.05From: 2020-01-16Exp: 2030-01-16→ Common Stock (26,667 underlying)
Footnotes (2)
- [F1]Represents stock option granted under the Company's 2015 Omnibus Incentive Plan, as amended, which vest in two equal installments over two years beginning one year after the date of the grant, based on service.
- [F2]Represents stock option granted under the Company's 2015 Omnibus Incentive Plan, as amended, which vest in two equal installments over two years beginning one year after the date of the grant, based on performance of a positive total shareholder return as measured by the 5 day share price VWAP as compared to the share price on January 16, 2020 and the 5 day share price VWAP as compared to the share price on January 16, 2021.