X0306 4 2016-01-14 0000064463 MECHANICAL TECHNOLOGY INC MKTY 0001251271 OCONNOR E DENNIS C/O MECHANICAL TECHNOLOGY, INCORPORATED 325 WASHINGTON AVENUE EXTENSION ALBANY NY 12205 1 0 0 0 Stock Options (Rights to Buy) 0.78 2016-01-14 4 A 0 10000 0 A 2026-01-13 Common Stock 10000 10000 D Stock option grant for annual board service. Options to purchase Common Stock of Issuer pursuant to Issuer's 2014 Equity Incentive Plan and subject thereto. Vesting at the rate of 25% on each of the first four anniversaries of the date of the award, with first vest occurring on January 14, 2017, for so long as the recipient of the Option remains an employee or board member of, or consultant to, Issuer, and subject to the terms and conditions of the Stock Option Agreement entered into by and between Issuer and the Optionee. /s/ Kevin G. Lynch, as Power of Att. for E. Dennis O'Connor 2016-01-15