| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Gottesfeld, Shimshon
(Last) (First) (Middle)
431 New Karner Road
(Street)
Albany, NY 12205
(City) (State) (Zip)
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2. Date of Event
Requiring Statement
(Month/Day/Year)
June 01, 2002
3. I.R.S. Identification
Number of Reporting
Person, if an entity
(voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Mechanical Technology Incorporated MKTY
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable) Director
10% Owner
Officer
X Other
Officer/Other
Description
VP of Research & Development & Chief Technology Officer-MTI MicroFuel Cells Inc
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6. If Amendment, Date of
Original (Month/Day/Year)
07/08/2002
7. Individual or Joint/Group
Filing (Check Applicable Line) X Individual Filing
Joint/Group Filing
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Table I - Non-Derivative Securities Beneficially Owned
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1. Title of Security
(Instr. 4)
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2. Amount of Securities Beneficially Owned
(Instr. 4)
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3. Ownership Form :
(D) Direct
(I) Indirect (Instr. 5) |
4. Nature of Beneficial Ownership
(Instr. 5)
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| Common Stock (1) | 500.00 | I | By Spouse (2) |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
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Persons who respond to the collection of information contained in this form are not required to
respond unless the form displays a currently valid OMB control number. |
(over)
SEC 1473 (7-02) |
| Gottesfeld, Shimshon - June 01, 2002 |
| Form 3 (continued) |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security
(Instr. 4)
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2. Date Exercisable(DE) and Expiration Date(ED)
(DE) | (ED)
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3. Title and Amount of of Underlying Security
(Instr. 4)
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4. Conversion or
Exercise Price
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5. Ownership
Form
(D) Direct
or
(I) Indirect
(Instr. 5)
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6. Nature of Indirect
Beneficial Ownership
(Instr. 5)
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| Employee Stock Options (Rights to Buy) (3) | 12/15/2001 (4) | 12/14/2010 | Common Stock - 50,000.00 | $2.88 | D | |
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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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/s/ Shimshon Gottesfeld
________________________________ 04-16-2003 ** Signature of Reporting Person Date
Page 2
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| Gottesfeld, Shimshon - June 01, 2002 |
| Form 3 (continued) |
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FOOTNOTE Descriptions for Mechanical Technology Incorporated MKTY Form 3 - June 2002 Shimshon Gottesfeld
431 New Karner Road Albany, NY 12205 Explanation of responses: (1) No change in transaction from original Form 3 filing. (2) Dr. Gottesfeld disclaims beneficial ownership of these shares which are held by his wife individually. (3) This transaction was not reflected on original Form 3 because it occurred prior to Dr. Gottesfeld being subject to Section 16. (4) Options vest annually at a rate of 25% per year beginning 12/15/01. |
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