Ocean Power Technologies, Inc. — Director's Dealing 2012

Jun 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ocean Power Technologies, Inc. (OPTT)
CIK: 0001378140
Period of Report: 2012-06-13

Reporting Person: Taylor George W (Director, Executive Vice-Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-13	Employee Stock Option (Right to Buy)	$2.00	A	35000	Acquired	2022-06-12	Common Stock (35000)	Direct
2012-06-14	Employee Stock Option (Right to Buy)	$4.05	D	1242	Disposed	2021-06-13	Common Stock (1242)	Direct
2012-06-19	Employee Stock Option (Right to Buy)	$2.01	A	6980	Acquired	2022-06-18	Common Stock (6980)	Direct

Footnotes

F1: Exercisable in two equal installments, 50% on June 13, 2013 and 50% on June 13, 2014.

F2: Represents portion of previously granted options to purchase common stock which will not vest. Vesting is based on performance during the fiscal year ended April 30, 2012.

F3: Exercisable in annual installments over three years, beginning one year after the date of grant, based on performance.