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: POSNER BRIAN M (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-14	Common Stock	D	570	—	Disposed	14506	Direct

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	20000	Acquired	2022-06-12	Common Stock (20000)	Direct
2012-06-19	Employee Stock Option (Right to buy)	$2.01	A	5584	Acquired	2022-06-18	Common Stock (5584)	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, 2012.

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

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