Soluna Holdings, Inc — Director's Dealing 2002

May 9, 2002

4 1 gm0402.htm MECHANICAL TECHNOLOGY INC. FORM 4 G MCNAMEE 04/02 SEC Form 4

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations 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 * McNamee, George C. (Last) (First) (Middle) 431 New Karner Road (Street) Albany, NY 12205 (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) April 2002 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer Other Officer/Other Description 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)
Common Stock	06/20/2000	J | &nbsp	128,688.00 | D |		I	By Corporation
Common Stock	01/15/2002	S | &nbsp	50,000.00 | D | $3.14		I	By Corporation
Common Stock	01/16/2002	S | &nbsp	24,500.00 | D | $3.06		I	By Corporation
Common Stock	01/17/2002	S | &nbsp	40,000.00 | D | $3.18		I	By Corporation
Common Stock	02/06/2002	S | &nbsp	3,300.00 | D | $3.11		I	By Corporation
Common Stock	02/06/2002	S | &nbsp	11,400.00 | D | $3.06		I	By Corporation
Common Stock	02/06/2002	S | &nbsp	9,600.00 | D | $3.04		I	By Corporation
Common Stock	02/07/2002	S | &nbsp	11,400.00 | D | $3.01		I	By Corporation
Common Stock	02/07/2002	S | &nbsp	5,000.00 | D | $3.04		I	By Corporation
Common Stock	02/07/2002	S | &nbsp	2,500.00 | D | $3.05		I	By Corporation
Common Stock	02/07/2002	S | &nbsp	2,715.00 | D | $3.06		I	By Corporation
Common Stock	02/08/2002	S | &nbsp	18,200.00 | D | $3.04		I	By Corporation
Common Stock	02/11/2002	S | &nbsp	16,200.00 | D | $3.09		I	By Corporation
Common Stock	02/12/2002	S | &nbsp	25,000.00 | D | $3.10		I	By Corporation
Common Stock	02/13/2002	S | &nbsp	25,000.00 | D | $3.07		I	By Corporation
Common Stock	02/14/2002	S | &nbsp	7,005.00 | D | $3.12		I	By Corporation
Common Stock	02/15/2002	S | &nbsp	16,400.00 | D | $3.05		I	By Corporation
Common Stock	02/19/2002	S | &nbsp	15,000.00 | D | $2.97		I	By Corporation
Common Stock	02/20/2002	S | &nbsp	9,310.00 | D | $2.96		I	By Corporation
Common Stock	03/04/2002	S | &nbsp	14,000.00 | D | $3.08		I	By Corporation
Common Stock	03/05/2002	S | &nbsp	4,900.00 | D | $3.01		I	By Corporation
Common Stock	03/07/2002	S | &nbsp	900.00 | D | $3.08		I	By Corporation
Common Stock	03/07/2002	S | &nbsp	500.00 | D | $3.09		I	By Corporation
Common Stock	03/07/2002	S | &nbsp	5,900.00 | D | $3.10		I	By Corporation
Common Stock	03/07/2002	S | &nbsp	2,600.00 | D | $3.11		I	By Corporation
Common Stock	03/07/2002	S | &nbsp	2,500.00 | D | $3.14		I	By Corporation
Common Stock	03/08/2002	S | &nbsp	5,724.00 | D | $3.11		I	By Corporation
Common Stock	03/11/2002	S | &nbsp	1,500.00 | D | $3.02		I	By Corporation
Common Stock	03/11/2002	S | &nbsp	3,900.00 | D | $3.04		I	By Corporation
Common Stock	03/11/2002	S | &nbsp	500.00 | D | $3.05		I	By Corporation
Common Stock	03/11/2002	S | &nbsp	113.00 | D | $3.09		I	By Corporation
Common Stock	03/11/2002	S | &nbsp	2,000.00 | D | $3.04		I	By Corporation
Common Stock	03/12/2002	S | &nbsp	11,963.00 | D | $3.04	11,404,215.00	I	By Corporation
Common Stock				1,380,741.00	D
Common Stock				57,375.00	I	By Immediate Family

McNamee, George C. - April 2002

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 Option (Rights to Buy)	$3.42	04/01/2002	J | &nbsp	(A) 20,000.00	04/01/2002 (1) | 03/31/2012	Common Stock - 20,000.00	$3.42	20,000.00	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. ________ 05-09-2002 ** Signature of Reporting Person Date George C. McNamee Page 2 SEC 1474 (3-99)

McNamee, George C. - April 2002

Form 4 (continued)

FOOTNOTE Descriptions for Mechanical Technology Incorporated MKTY Form 4 - April 2002 George C. McNamee 431 New Karner Road Albany, NY 12205 Explanation of responses: (1) Immediately Vested

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