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
JUNE 2000
5. If Amendment, Date of Original (Month/Year)
JULY 13, 2000
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) 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
<TABLE>
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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|6/8/00|S | |700 |D |$10.03/shar| | | |
Stock | | | | | |e | | | |
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$.0001 Par Value Common|6/8/00|S | |200 |D |$9.375/shar| | | |
Stock | | | | | |e | | | |
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$.0001 Par Value Common|6/8/00|S | |1,100 |D |$9.4375/sha| | | |
Stock | | | | | |re | | | |
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$.0001 Par Value Common|6/9/00|S | |170 |D |$9.75/share| | | |
Stock | | | | | | | | | |
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$.0001 Par Value Common|6/9/00|S | |830 |D |$9.125/shar| | | |
Stock | | | | | |e | | | |
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$.0001 Par Value Common|6/21/0|M | |10,000(a) |A |$2.88/share| | | |
Stock |0 | | | | | | | | |
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$.0001 Par Value Common|6/21/0|F | |3,972(a) |D | | | | |
Stock |0 | | | | | | | | |
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$.0001 Par Value Common|6/29/0|S | |500 |D |$7.00/share| | | |
Stock |0 | | | | | | | | |
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$.0001 Par Value Common|6/29/0|S | |1,000 |D |$6.75/share|12,061 |D | |
Stock |0 | | | | | | | | |
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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) |$2.88 |06/21|M | |10,000 |D |09/03|09/03|$.0001 Par V|10,000 | |-0- |D | |
| |/00 | | | | |/99 |/01 |alue Common | | | | | |
| | | | | | | | |Stock | | | | | |
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Right to Buy (ISOP) |$5.62 |N/A | | | | |12/14|12/13|$.0001 Par V|3,203 | |3,203 |D | |
| | | | | | |/99 |/09 |alue Common | | | | | |
| | | | | | | | |Stock | | | | | |
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Right to Buy (ISOP) |$5.62 |N/A | | | | |01/01|12/31|$.0001 Par V|100,000| |100,000 |D | |
| | | | | | |/01 |/09 |alue Common | | | | | |
| | | | | | | | |Stock | | | | | |
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Right to Buy (ISOP) |$5.62 |06/28|D | |100,000 |D |01/01|12/31|$.0001 Par V|100,000| |-0- |D | |
(b) | |/00 | | | | |/01 |/09 |alue Common | | | | | |
| | | | | | | | |Stock | | | | | |
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Right to Buy (Nonqua|$4.50 |06/28|A | |100,000 |A |01/01|12/31|$.0001 Par V|100,000| |100,000 |D | |
lified) (b) | |/00 | | | | |/01 |/09 |alue Common | | | | | |
| | | | | | | | |Stock | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
This amendment to Form 4 is filed to correct information relating to stock
options and to report the repricing of the stock option granted on
January 1,
2000.
(a) The Reporting Person surrendered 3,972 shares as payment for the exercise
of the option and received a net of 6,028 shares. The purchase of
these shares bought on exercise of the "in-the-money derivative security" (ie.,
the option) was exempt under Rule 16b-6(b), and also was exempt as
the exercise of an option granted in accordance with the approval requirements
of Rule 16b-3(d)(1).
(b) The reported transaction involved the repricing of an existing option
which was originally granted on January 1, 2000. The option had previously
been reported as granted under the Issuer's Incentive Stock Option Plan
("ISOP"), which Plan is qualified under Section 422 of the Internal Revenue
Code. This amendment corrects this information, as this stock option was not
granted under the Issuer's ISOP, however the option is exempt under
Rule 16b-3. The option vests 20% annually beginning on January 1, 2001. Each
vested portion of the option has a five year exercisable term.
SIGNATURE OF REPORTING PERSON
/s/ Richard L. Millspaugh
DATE
November 10, 2000
