Soluna Holdings, Inc — Director's Dealing 2007

Mar 28, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MECHANICAL TECHNOLOGY INC (MKTY)
CIK: 0000064463
Period of Report: 2007-03-27

Reporting Person: Kot Robert (VP & General Manager - MTII, VP & General Manager - MTII)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-27	Stock Options (Right to Buy)	$1.52	A	25000	Acquired	2014-03-26	Common Stock (25000.00)	Direct
2007-03-27	Stock Options (Right to Buy)	$1.52	A	35000	Acquired	2014-03-26	Common Stock (35000.00)	Direct
2007-03-27	Stock Options (Right to Buy)	$1.52	A	15000	Acquired	2014-03-26	Common Stock (15000.00)	Direct

Footnotes

F1: Immediately Vested

F2: Option will vest 25% on 3/27/08 and quarterly thereafter if MTII meets its 2007 revenue and profit goals

F3: Option will vest 25% on 3/27/08 and quarterly thereafter if MTII exceeds its 2007 revenue and profit goals by 10% or greater.