UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
BUDINGER, FRED W.
1220 N. CASTLEWOOD DRIVE
FRANKTOWN, CO 80116
USA
2. Date of Event Requiring Statement (Month/Day/Year)
OCTOBER 26, 2000
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
ONLINE POWER SUPPLY, INC.
OPWR
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
VICE-PRESIDENT OPERATIONS
6. If Amendment, Date of Original (Month/Day/Year)
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 Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
N/A |NONE |N/A |N/A |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Right to Buy (ISOP) (a)|01/02/00 |12/02/09 |$.0001 Par Value Common|10,000 |$5.96 |D | |
| | | Stock | | | | |
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Right to Buy (Nonqualif|09/01/00 |09/01/05 |$.0001 Par Value Common|200,000 |$8.125 |D | |
ied) (b) | | | Stock | | | | |
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Explanation of Responses:
(a) Stock options were granted under the Issuer's Incentive Stock Option Plan
("ISOP") and are exempt under Rule 16b-3.
(b) 25% of the share option vested immediately and 25% vests annually on
September 1, 2001, 2002 and 2003.
SIGNATURE OF REPORTING PERSON
/s/ FRED W. BUDINGER
DATE
November 3, 2000
