Soluna Holdings, Inc — Director's Dealing 2012

Jul 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MECHANICAL TECHNOLOGY INC (MKTY)
CIK: 0000064463
Period of Report: 2012-07-02

Reporting Person: LYNCH KEVIN G (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-02	Stock Options (Rights to Buy)	$.29	A	25000	Acquired	2022-07-02	Common Stock (25000)	Direct

Footnotes

F1: Stock option grant for annual board service as Lead Director.

F2: Options to purchase Common Stock of Issuer pursuant to Issuer's 2012 Equity Incentive Plan and subject thereto. Vesting at the rate of 25% on each of the first four anniversaries of the date of the award, with first vest occurring on July 2, 2013, for so long as the recipient of the Option remains an employee or board member of, or consultant to, Issuer, and subject to the terms and conditions of the Stock Option Agreement entered into by and between Issuer and the Optionee.