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Ocean Power Technologies, Inc. — Director's Dealing 2023
Nov 17, 2023
34237_dirs_2023-11-17_e8d75d0a-d018-4938-ae5c-ced58529225a.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: 2023-11-09
Reporting Person: Burdyny Matthew (Chief Commercial Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 77022 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (54044) | Direct |
Footnotes
F1: 27,022 of these shares are subject to a restricted stock unit award granted by the Board of Directors of the Issuer as compensation for service as an officer of the Issuer and which vests 1/3 on each of January 18, 2024, on January 18, 2025, and on January 18, 2026.
F2: Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
F3: Restricted stock units granted by the Board of Directors of the Issuer as compensation for service as an officer of the Issuer which will vest, if at all, upon the achievement of certain levels of total shareholder return.