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: Taylor George W (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-14	Common Stock	D	810	—	Disposed	462991	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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	543	Indirect

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: 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 June 13, 2012 and 50% on June 13, 2013.

F4: Exercisable over three years based on performance.