Clyde W. Hewlett - Jan 14, 2022 Form 4 Insider Report for Ocean Power Technologies, Inc. (OPTT)

Role
Director
Signature
/s/ Clyde W. Hewlett, by John W. Lawrence as attorney-in-fact
Stock symbol
OPTT
Transactions as of
Jan 14, 2022
Transactions value $
$0
Form type
4
Date filed
1/19/2022, 04:53 PM
Next filing
Jan 25, 2023

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
transaction OPTT Restricted Stock Unit Award $0 +52.4K $0.00 52.4K Jan 14, 2022 Common Stock 52.4K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
F2 Restricted stock units granted by the Board of Directors of the Issuer as annual compensation to the non-employee members of the Board of Directors, which vest in full on the date of the first annual shareholders meeting following the grant date or one year after the grant date, whichever is earlier.