SEC Form 4 · accession 0001493152-18-000784
Ocean Power Technologies, Inc. · OPTT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Phebus
Officer — Vice President - Engineering
Period of report
Jan 18, 2018
Accepted (ET)
Jan 19, 2018 · 4:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001378140
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 18, 2018 | A | 97,297 | $1.11 | A | 97,297 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Stock granted under Ocean Power Technologies, Inc. Employment Inducement Incentive Award Plan as initial equity compensation, equivalent to 40% of base salary, which will vest for 3 years on the following terms: 33.3% vests on 01/18/2019, 33.3% vests on 01/18/2020, 33.4% vests on 01/18/2021.