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Ocean Power Technologies, Inc. Director's Dealing 2010

Jul 20, 2010

34237_dirs_2010-07-20_c240c906-d54f-451f-88b4-12cdac219cfb.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ocean Power Technologies, Inc. (OPTT)
CIK: 0001378140
Period of Report: 2010-07-16

Reporting Person: Dunleavy Charles F (Director, Chief Executive Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-07-16 Common Stock A 3000 Acquired 201976 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-07-16 Employee Stock Option (Right to Buy) $5.29 A 30000 Acquired 2020-07-15 Common Stock (30000) Direct

Footnotes

F1: Represents shares of common stock granted under the Company's 2006 Stock Incentive Plan, which will vest over two years based on performance.

F2: Exercisable in five equal annual installments beginning one year after date of grant.