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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)
Alan P. Goldberg Mechanical Technology Incorporated (MKTY)
X Director 10% Owner
----- -----
Officer (give Other
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ----- title below) ----- (specify
Number of Reporting Month/Year below)
30 South Pearl Street Person (voluntary)
4/00 --------------------------------
(Street) 5 If Amendment, 7. Individual or Joint/Group Filing
Date of Original (check Applicable Lines)
Albany NY 12207 (Month/Year) X Form Filed by One Reporting Person
---
(City) (State) (Zip) Form Filed by More than One
--- Reporting Person
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 04/05/00 J(1) 2,562(2)(A) $16.00 902,418(2) D
Common Stock 11,882,433(3) I(4)
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)
1 The shares acquired were received as a dividend payment on private equity fund shares held by Mr. Goldberg. The $16.00 per
share price reflected for this transaction refers to the private equity fund's basis in the shares as of the date of transfer.
2 The Company declared a 3 for 1 stock split on March 8, 2000 payable to all holders of record of common stock
on April 3, 2000. This stock split resulted in the reporting person's acquisition of 601,612 additional shares of common stock.
3 The Company declared a 3 for 1 stock split on March 8, 2000 payable to all holders of record of common stock
on April 3, 2000. This stock split resulted in the reporting person's acquisition of 7,921,622 additional shares of common
stock.
4 Owned by First Albany Companies, Inc., of which Mr. Goldberg is a member of the Board of Directors. This report shall not be
deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any
other purpose.
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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
Emp. Stock $20.92(1) 04/01/00 J 30,000(1) 4/1/00 3/31/10 Common 30,000 -0- 30,000 D
Options (Rights to Buy) Stock
Emp. Stock $4.17 (2) 04/01/99 J 45,000(2) 4/1/99 3/31/09 Common 45,000 -0- 45,000 D
Options (Rights to Buy) Stock
Emp. Stock $1.76 (3) 11/12/98 J 45,000(3) 11/12/98 11/11/08Common 45,000 -0- 45,000 D
Options (Rights to Buy) Stock
Explanation of Responses:
1 This option was issued on 4/1/00 as 10,000 shares at a purchase price of $62.75 per share. This report reflects the Company's
issuance of the options and the 3 for 1 stock split declared on March 8, 2000 payable to all holders of record of common stock
on April 3, 2000.
2 This option was previously reported as 15,000 shares at a purchase price of $12.50 per share. This report reflects the Company's
3 for 1 stock split declared on March 8, 2000 payable to all holders of record of common stock on April 3, 2000.
3 This option was previously reported as 15,000 shares at a purchase price of $5.29 per share. This report reflects the Company's
3 for 1 stock split declared on March 8, 2000 payable to all holders of record of common stock on April 3, 2000.
** Intentional misstatements or omissions of facts /s/ Alan P. Goldberg May 10, 2000
constitute Federal Criminal Violations. -------------------------------------------- ---------------
See 18 U.S.C. 1001 and 15. U.S.C. 78ff(a). **Signature of Reporting Person Date
Alan P. Goldberg
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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