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Ocean Power Technologies, Inc. — Director's Dealing 2021
Jun 23, 2021
34237_dirs_2021-06-23_0117ea39-077f-4bcd-931a-9140621a679b.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Ocean Power Technologies, Inc. (OPTT)
CIK: 0001378140
Period of Report: 2021-06-18
Reporting Person: Stratmann Philipp (President and CEO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 28995 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $2.93 | 2031-01-14 | Common Stock (18667) | Direct | |
| Stock Option (right to buy) | $2.93 | 2031-01-14 | Common Stock (9333) | Direct |
Footnotes
F1: Up to 50% of this stock option can vest on the first anniversary of the date of grant if certain performance metrics related to the Issuer's stock price are achieved. Up to 100% of this stock option can vest on the second anniversary of the date of grant if certain performance metrics related to the Issuer's stock price are achieved. Each vesting event is subject to continued employment.
F2: 50% of this stock option vests on the first anniversary of the date of grant and 50% of this stock option vests on the second anniversary of the date of grant, subject to continued employment.