Ocean Power Technologies, Inc. — Director's Dealing 2011

Jun 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ocean Power Technologies, Inc. (OPTT)
CIK: 0001378140
Period of Report: 2011-06-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-14	Common Stock	D	12600	—	Disposed	181765	Direct
2011-06-14	Common Stock	D	810	—	Disposed	180955	Direct
2011-06-14	Common Stock	F	3168	$4.05	Disposed	177787	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-14	Employee Stock Option (Right to Buy)	$4.05	A	35000	Acquired	2021-06-13	Common Stock (35000)	Direct
2011-06-14	Employee Stock Option (Right to Buy)	$4.05	A	6537	Acquired	2021-06-13	Common Stock (6537)	Direct

Footnotes

F1: Represents portion of previously granted shares of restricted common stock which will not vest. Vesting is based on performance during the fiscal year ended April 30, 2011.

F2: Represents shares delivered back to the Company for payment of tax liability related to shares that vested.

F3: Exercisable in five equal annual installments beginning one year after date of grant.

F4: Exercisable over three years based on performance.