Soluna Holdings, Inc — Director's Dealing 2003

Mar 31, 2003

4 1 csh033103.htm MECHANICAL TECHNOLOGY INC. - FORM 4 C HILL 03/31/03 SEC Form 4

FORM 4 [X] 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 * Hill, Catherine S. (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) March 2003 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 and General Counsel 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)	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)
Common Stock	10,000.00	D

Hill, Catherine S. - March 2003

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	6. Date Exercisable(DE) and Expiration Date(ED) (Month/Day/Year) (DE) | (ED)	7. Title and Amount of Underlying Securities (Instr. 3 and 4)	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	12/15/2001 (1) | 12/14/2010	Common Stock - 40,000.00	40,000.00	D
Employee Stock Options (Rights to Buy)	$1.7777778	01/08/1999 | 01/07/2009	Common Stock - 45,000.00	45,000.00	D
Employee Stock Options (Rights to Buy)	$21.9166667	03/07/2000 (2) | 03/06/2010	Common Stock - 105,000.00	105,000.00	D
Employee Stock Options (Rights to Buy)	$21.625	03/30/2000 | 03/29/2010	Common Stock - 30,000.00	30,000.00	D
Employee Stock Options (Rights to Buy)	$12.9625	06/20/2001 (3) | 06/19/2010	Common Stock - 35,000.00	35,000.00	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. ________ 03-31-2003 ** Signature of Reporting Person Date Catherine S. Hill Page 2 SEC 1474 (3-99)

Hill, Catherine S. - March 2003

Form 4 (continued)

FOOTNOTE Descriptions for Mechanical Technology Incorporated MKTY Form 4 - March 2003 Catherine S. Hill 431 New Karner Road Albany, NY 12205 Explanation of responses: (1) Options vest annually at a rate of 25% per year beginning 12/15/01. (2) Options vest annually at a rate of 25% per year, beginning 03/07/2000. (3) Options vest annually at a rate of 33.3% per year beginning 06/20/01.

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