Kirby George H III 4
4 · Ocean Power Technologies, Inc. · Filed Jan 19, 2021
Insider Transaction Report
Form 4
Kirby George H III
DirectorPresident, CEO, and Director
Transactions
- Award
Stock Option (right to buy)
2021-01-14+55,000→ 55,000 totalExercise: $2.93From: 2022-01-14Exp: 2031-01-14→ Common Stock (55,000 underlying) - Award
Stock Option (right to buy)
2021-01-14+110,000→ 110,000 totalExercise: $2.93From: 2022-01-14Exp: 2031-01-14→ Common Stock (110,000 underlying)
Footnotes (2)
- [F1]Represents stock option granted under the Company's 2015 Omnibus Incentive Plan, as amended, which vest in two equal installments over two years beginning one year after the date of the grant, based on service.
- [F2]Represents stock option granted under the Company's 2015 Omnibus Incentive Plan, as amended, which vest in two equal installments over two years beginning one year after the date of the grant, based on performance of a positive total shareholder return as measured by the closing share price on January 14, 2021 as compared to the closing share prices on January 14, 2022 and January 14, 2023.