UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
MILLSPAUGH, RICHARD L.
6335 LEMONWOOD DRIVE
COLORADO SPRINGS, CO 80918
USA
2. Issuer Name and Ticker or Trading Symbol
ONLINE POWER SUPPLY, INC.
OPWR
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
OCTOBER 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
CHIEF FINANCIAL OFFICER
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
$.0001 Par Value Common|10/03/|G |V|2,000 |D |N/A |6,101 |D | |
Stock |00 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Right to Buy (ISOP) |$5.62 |N/A | | | | |12/14|12/13|$.0001 Par V|3,203 | |3,203 |D | |
(a) | | | | | | |/99 |/09 |alue Common | | | | | |
| | | | | | | | |Stock | | | | | |
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Right to Buy (Nonqua|$4.50 |N/A | | | | |01/01|12/31|$.0001 Par V|100,000| |100,000 |D | |
lified) (b) | | | | | | |/01 |/09 |alue Common | | | | | |
| | | | | | | | |Stock | | | | | |
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Right to Buy (Nonqua|$8.125 |N/A | | | | |09/01|08/31|$.0001 Par V|100,000| |100,000 |D | |
lified) (c) | | | | | | |/00 |/08 |alue Common | | | | | |
| | | | | | | | |Stock | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(a) Stock options exempt under Rule 16b-3 and granted under the Issuer's
Incentive Stock Option Plan ("ISOP"), which Plan is qualified under Section
422 of the Internal Revenue
Code.
(b) Stock options granted exempt under Rule 16b-3. The stock options were
not issued under the Issuer's Incentive Stock Option Plan ("ISOP"),
which Plan is qualified under Section 422 of the Internal Revenue Code.
Options were granted on January 1, 2000 and vest 20% annually beginning
on January 1, 2001. Each vested portion of the option has a five year
exercisable term.
(c) Stock options granted exempt under Rule 16b-3. The stock options were
not issued under the Issuer's Incentive Stock Option Plan ("ISOP"),
which Plan is qualified under Section 422 of the Internal Revenue Code.
Options were granted on September 1, 2000. 25% of the share option vested
immediately and 25% vests annually on September 1, 2001, 2002 and 2003. Each
vested portion of the option has a five year exercisable term.
SIGNATURE OF REPORTING PERSON
/s/ Richard L. Millspaugh
DATE
November 10, 2000
