Soluna Holdings, Inc — Director's Dealing 2013

May 3, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MECHANICAL TECHNOLOGY INC (MKTY)
CIK: 0000064463
Period of Report: 2013-05-01

Reporting Person: LYNCH KEVIN G (Director, CHAIRMAN AND CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-01	Stock Options (Rights to Buy)	$.46	A	100000	Acquired	2023-05-01	Common Stock (100000)	Direct

Footnotes

F1: Options to purchase Common Stock of Issuer pursuant to Issuer's 2012 Equity Incentive Plan and subject thereto. Vesting at the rate of (i) 25% immediately upon the grant date, and (ii) 25% on each of the first three anniversaries following the grant date, 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.