Soluna Holdings, Inc — Director's Dealing 2001

Feb 16, 2001

4 1 barnes0201.htm BARNES - FORM 4 2/16/01 SEC Form 4

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 oblibations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Expires: December 31, 2001 Estimated average burden hours per response. . . . . 0.5

1. Name and Address of Reporting Person * Barnes, Judith A. (Last) (First) (Middle) 30 South Pearl Street (Street) Albany, NY 12207 (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol Mechanical Technology Incorporated MKTY 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) 4. Statement for (Month/Year) February 2001 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer Other Officer/Other Description Vice President 7. Individual or Joint/Group Filing (Check Applicable Line) X Individual Filing Joint/Group Filing

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 3. Transaction Code and Voluntary Code (Instr. 8) Code | V 4. Securities Acquired (A) or Disposed (D) Of (Instr. 3, 4, and 5) Amount | A/D | Price 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 6. Owner- ship Form: Direct(D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)

Barnes, Judith A. - February 2001

Form 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

| 1. Title of Derivative Security (Instr. 3) | 2. Conver- sion or Exercise Price of Deri- vative Security | 3. Transaction Date (Month/ Day/ Year) | 4. Transaction Code and Voluntary (V) Code (Instr.8) Code | V | 5. Number of Derivative Securities Acquired (A) or Disposed (D) Of (Instr. 3,4 and 5) | 6. Date Exercisable(DE) and Expiration Date(ED) (Month/Day/Year) (DE)
| (ED) | 7. Title and Amount of Underlying Securities (Instr. 3 and 4) | 8. Price of Derivative Security (Instr.5) | 9. Number of Derivative Securities Beneficially Owned at End of Month (Instr.4) | 10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Employee Stock Options (Rights o Buy) | $2.88 | 12/15/2000 | J | &nbsp | (A) 40,000.00 | 12/15/2001 (1) | 12/14/2010 | Common Stock - 40,000.00 | $2.88 | 40,000.00 | D |
| Employee Stock Options (Rights to Buy) | $21.9166667 (2) | 03/07/2000 | J | &nbsp | (A) 70,000.00 (2) | 03/07/2000 | 03/06/2010 | Common Stock - 70,000.00 | $21.92 | 105,000.00 | D |

Explanation of Responses :

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. ________ 02-16-2001 ** Signature of Reporting Person Date Judith A. Barnes Page 2 SEC 1474 (3-99)

Barnes, Judith A. - February 2001

Form 4 (continued)

FOOTNOTE Descriptions for Mechanical Technology Incorporated MKTY Form 4 - February 2001 Judith A. Barnes 30 South Pearl Street Albany, NY 12207 Explanation of responses: (1) Options vest annually at a rate of 25% per year beginning 12/15/01. (2) This option was previously reported as 35,000 shares at a purchase price of $65.75 per share. This report reflects the 3 for 1 stock split declared on March 8, 2000 payable to all holders of record of common stock on April 3, 2000 and paid on April 12, 2000.

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