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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
WASHINGTON, D.C. 20549 OMB NUMBER: 3235-0362
[ ] Check this box if no longer Expires: September 30, 1998
subject to Section 16. Form 4 Estimate average burden
or Form 5 obligations may hours per response..... 0.5
continue. See Instructions 1(b)
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
1.Name and Address of Reporting Person* 2. Issuer Name and Ticker 6.Relationship of Reporting Person to Issuer
or Trading Symbol (Check all applicable)
Scheuer Cynthia A. Mechanical Technology Incorporated
(MKTY) Director 10% Owner
----- -----
x Officer (give Other
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ----- title below) ----- (specify
Number of Reporting Month/Year below)
c/o Mechanical Technology Incorporated Person (voluntary) Vice President and Chief Financial Officer
325 Washington Avenue Extension 12/99 --------------------------------
(Street) 5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (check Applicable Lines)
Albany New York 12205-5505 (Month/Year) X Form Filed by One Reporting Person
---
(City) (State) (Zip) Form Filed by More than One
--- Reporting Person
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TABLE I NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action (A)or Disposed of (D) Securities ship of
Date Code Benefic- Form: Indirect
(Instr. 8) (Instr. 3, 4 and 5) ially Direct Bene-
(Month/ Owned at (D) or ficial
Day/ Code V Amount (A) or Price End of Indirect Owner-
Year) (D) Month (I) ship
(Instr. 3 (Instr. (Instr.
and 4) 4) 4)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 12/20/99 M 6,250 A $3.80 11,250 D
Common Stock 12/20/99 M 3,750 A $5.29167 11,250 D
Common Stock 12/20/99 S 3,750 D $21.56 11,250 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instructions 4(b)(v) SEC 1474 (7-96)
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FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1.Title of 2.Conver- 3.Trans- 4.Transac- 5.Number of 6.Date Exer- 7.Title 8.Price 9.Number 10.Owner- 11.Na-
Derivative sion or action tion Code Derivative cisable and Amount of of Deriv- ship ture
Security Exercise Date (Instr. 8) Securities and Expir- of Under- Deriv- ative Form of In-
(Instr. 3) Price (Month/ Acquired (A) ation Date lying ative Secur- of De- direct
of Day/ or Disposed (Month/ Securities Secur- ities rivative Bene-
Deriva- Year) of (D) Day/Year) ity Bene- Secu- ficial
tive (Instr. 3,- (Instr. 3 (Instr ficially rity; Own-
Security 4, and 5) and4) . 5) Owned Direct ership
at End (D) or (Instr
Amount of Indi- . 4)
Date Expir- or Month rect (I)
Exer- ation Title Number (Instr. (Instr.
cisa- Date of 4) 4)
Code V (A) (D) ble Shares
Employee
Stock Option $3.80 12/20/99 M 6,250 10/20/99(1)10/20/07Common 6,250 $3.80 11,250 D
Stock
Employee
Stock Option $5.29167 12/20/99 M 3,750 12/18/99(2)12/18/08Common 3,750 $5.2916711,250 D
Stock
Explanation of Responses:
1 Original stock grant of 15,000 shares at 5.70 per share (22,500 at 3.80 post-split) vested at 25% per year
beginning 10/20/98.
2 Original stock grant of 10,000 shares at 7.93757 per share (15,000 at 5.29167 post-split) Vested at 25% per
year beginning 12/18/99.
** Intentional misstatements or omissions of facts January 7, 2000
constitute Federal Criminal Violations. --------------------------------- --------------
See 18 U.S.C. 1001 and 15. U.S.C. 78ff(a). **Signature of Reporting Person Date
Cynthia Scheuer
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number.
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