Soluna Holdings, Inc — Director's Dealing 2007

Jun 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MECHANICAL TECHNOLOGY INC (MKTY)
CIK: 0000064463
Period of Report: 2007-06-18

Reporting Person: BECERRA JUAN J (VP Market & Bus Dev - MTI MFCI, VP Market & Bus Dev - MTI MFCI)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-18	Stock Options (Right to Buy)	$1.34	A	15000	Acquired	2014-06-17	Common Stock (15000.00)	Direct
2007-06-18	Stock Options (Right to Buy)	$1.34	A	11250	Acquired	2014-06-17	Common Stock (11250.00)	Direct
2007-06-18	Stock Options (Right to Buy)	$1.34	A	48750	Acquired	2014-06-18	Common Stock (48750.00)	Direct

Footnotes

F1: Immediately Vested

F2: Options vest based upon the successful completion of all external Company milestones and certain internal Company milestones established by the Company's Board of Directors. These goals must be achieved by December 31, 2007 or the options will be forfeited.

F3: Options vest quarterly at a rate of 6.25% per quarter with first vest occurring on January 1, 2008.