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Soluna Holdings, Inc — Director's Dealing 2007
Jun 20, 2007
34389_dirs_2007-06-20_43a15f74-0a6a-4f3e-9b98-1d46ad3fb0d4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MECHANICAL TECHNOLOGY INC (MKTY)
CIK: 0000064463
Period of Report: 2007-06-18
Reporting Person: LIM PENG K (Director, CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-06-18 | Common Stock | A | 50000 | — | Acquired | 76000.00 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-06-18 | Stock Options (Right to Buy) | $1.34 | A | 70000 | Acquired | 2014-06-17 | Common Stock (70000.00) | Direct |
| 2007-06-18 | Stock Options (Right to Buy) | $1.34 | A | 52500 | Acquired | 2014-06-17 | Common Stock (52500.00) | Direct |
| 2007-06-18 | Stock Options (Right to Buy) | $1.34 | A | 100000 | Acquired | 2014-06-17 | Common Stock (100000.00) | Direct |
| 2007-06-18 | Stock Options (Right to Buy) | $1.34 | A | 227500 | Acquired | 2014-06-18 | Common Stock (227500.00) | 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: Vesting based upon the successful completion of certain Company financial goals established by the Company's Board of Directors. These goals must be achieved by June 30, 2008 or they will be forfeited.
F4: Options vest quarterly at a rate of 6.25% per quarter with first vest occurring on January 1, 2008.