X0304 4 2011-05-26 0000885551 VALENCE TECHNOLOGY INC VLNC 0001140421 KANODE ROBERT L C/O VALENCE TECHNOLOGY 12303 TECHNOLOGY BLVD., SUITE 950 AUSTIN TX 78727 1 1 Pres./Chief Executive Officer Stock Option (Right to Buy) 0.96 2011-05-26 4 A 0 100000 0 A 2011-05-26 2020-06-16 Common Stock 100000 100000 D On June 16, 2010, the reporting person was granted an option to purchase 500,000 shares of common stock. The option vests upon the satisfaction of certain performance criteria with respect to the issuer's fiscal years 2011, 2012 and 2013. The performance criteria for fiscal year 2011 were met, resulting in vesting of the option as to 100,000 shares after the issuance of the issuer's audited financial statementsfor fiscal year 2011. Exhibit List --------------- Exhibit 24-Limited Power of Attorney for Section 16(a) Reporting. /s/ Roger A. Williams, attorney-in-fact 2011-09-26