Ocean Power Technologies, Inc. — Director's Dealing 2010

Jul 20, 2010

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: Taylor George W (Director, Executive Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-16	Common Stock	A	3000	—	Acquired	705801	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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	543	Indirect

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: Shares held by Princeton Research Associates, Inc. Dr. Taylor is President and a director of Princeton Research Associates. Dr. Taylor disclaims beneficial ownership of the shares held by Princeton Research Associates, Inc. except to the extent of his pecuniary interest therein.

F3: Exercisable in two equal installments, 50% on July 15, 2011 and 50% on July 15, 2012.