Philipp Stratmann - 18 Jun 2021 Form 3 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role: President and CEO
Signature: /s/ PHILIPP STRATMANN
Issuer symbol: OPTT
Transactions as of: 18 Jun 2021
Net transactions value: $0
Form type: 3
Filing time: 23 Jun 2021, 17:00:12 UTC
Next filing: 19 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	OPTT	Common Stock						28,995	18 Jun 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	OPTT	Stock Option (right to buy)							18 Jun 2021	Common Stock	18,667	$2.93	Direct	F1
holding	OPTT	Stock Option (right to buy)							18 Jun 2021	Common Stock	9,333	$2.93	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Up to 50% of this stock option can vest on the first anniversary of the date of grant if certain performance metrics related to the Issuer's stock price are achieved. Up to 100% of this stock option can vest on the second anniversary of the date of grant if certain performance metrics related to the Issuer's stock price are achieved. Each vesting event is subject to continued employment.
F2	50% of this stock option vests on the first anniversary of the date of grant and 50% of this stock option vests on the second anniversary of the date of grant, subject to continued employment.