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

Signature
/s/ PHILIPP STRATMANN
Stock symbol
OPTT
Transactions as of
Jun 18, 2021
Transactions value $
$0
Form type
3
Date filed
6/23/2021, 05:00 PM
Next filing
Jan 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OPTT Common Stock 29K Jun 18, 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) Jun 18, 2021 Common Stock 18.7K $2.93 Direct F1
holding OPTT Stock Option (right to buy) Jun 18, 2021 Common Stock 9.33K $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.