Ocean Power Technologies, Inc. — Director's Dealing 2021

Jan 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ocean Power Technologies, Inc. (OPTT)
CIK: 0001378140
Period of Report: 2021-01-14

Reporting Person: Shafer Matthew T (CFO and Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-14	Stock Option (right to buy)	$2.93	A	31667	Acquired	2031-01-14	Common Stock (31667)	Direct
2021-01-14	Stock Option (right to buy)	$2.93	A	63333	Acquired	2031-01-14	Common Stock (63333)	Direct

Footnotes

F1: Represents stock option granted under the Company's 2015 Omnibus Incentive Plan, as amended, which vest in two equal installments over two years beginning one year after the date of the grant, based on service.

F2: Represents stock option granted under the Company's 2015 Omnibus Incentive Plan, as amended, which vest in two equal installments over two years beginning one year after the date of the grant, based on performance of a positive total shareholder return as measured by the closing share price on January 14, 2021 as compared to the closing share prices on January 14, 2022 and January 14, 2023.