<SEC-DOCUMENT>0001437749-14-000050.txt : 20140102
<SEC-HEADER>0001437749-14-000050.hdr.sgml : 20140101
<ACCEPTANCE-DATETIME>20140102161143
ACCESSION NUMBER:		0001437749-14-000050
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20131231
FILED AS OF DATE:		20140102
DATE AS OF CHANGE:		20140102

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ocean Power Technologies, Inc.
		CENTRAL INDEX KEY:			0001378140
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				222535818
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			0430

	BUSINESS ADDRESS:	
		STREET 1:		1590 REED ROAD
		CITY:			PENNINGTON
		STATE:			NJ
		ZIP:			08534
		BUSINESS PHONE:		609-730-0400

	MAIL ADDRESS:	
		STREET 1:		1590 REED ROAD
		CITY:			PENNINGTON
		STATE:			NJ
		ZIP:			08534

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ocean Power Technologies, INc.
		DATE OF NAME CHANGE:	20061012

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Taylor George W
		CENTRAL INDEX KEY:			0001397131

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33417
		FILM NUMBER:		14501923

	MAIL ADDRESS:	
		STREET 1:		C/O OCEAN POWER TECHNOLOGIES, INC.
		STREET 2:		1590 REED ROAD
		CITY:			PENNINGTON
		STATE:			NJ
		ZIP:			08534
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rdgdoc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2013-12-31</periodOfReport>

    <issuer>
        <issuerCik>0001378140</issuerCik>
        <issuerName>Ocean Power Technologies, Inc.</issuerName>
        <issuerTradingSymbol>OPTT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001397131</rptOwnerCik>
            <rptOwnerName>Taylor George W</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O OCEAN POWER TECHNOLOGIES, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>1590 REED ROAD</rptOwnerStreet2>
            <rptOwnerCity>PENNINGTON</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>08534</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <officerTitle>Executive Vice Chairman</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.92</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2013-12-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>11056</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2023-12-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>11056</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>11056</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Fully vested and exercisable on the date of grant.</footnote>
        <footnote id="F2">Granted in accordance with a salary reduction agreement dated July 11, 2013.  In accordance with this agreement, the grantee voluntarily reduced his cash salary compensation and in consideration of this reduction elected to receive incentive stock options equal in value to the aggregate reduction in base salary.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ George W. Taylor by Charles F. Dunleavy as attorney-in-fact</signatureName>
        <signatureDate>2014-01-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
