-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CT0ASY235RHw5zsseulqg+b3feWQ5+k4E3IEAVIBLmK9RVt7EFfHco7PeAnuB+Cp
 WlXDm3p+8vR2yBcgkxNGTg==

<SEC-DOCUMENT>/in/edgar/work/20000814/0000064463-00-000047/0000064463-00-000047.txt : 20000921
<SEC-HEADER>0000064463-00-000047.hdr.sgml : 20000921
ACCESSION NUMBER:		0000064463-00-000047
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20000801
FILED AS OF DATE:		20000814

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MECHANICAL TECHNOLOGY INC
		CENTRAL INDEX KEY:			0000064463
		STANDARD INDUSTRIAL CLASSIFICATION:	 [3829
]		IRS NUMBER:				141462255
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0930
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		4
			SEC ACT:		
			SEC FILE NUMBER:	000-06890
			FILM NUMBER:		701026
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		30 SOUTH PEARL STREET
				CITY:			ALBANY
				STATE:			NY
				ZIP:			12207
				BUSINESS PHONE:		5184332170
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		968 ALBANY SHAKER RD
					STREET 2:		968 ALBANY SHAKER RD
					CITY:			LATHAM
					STATE:			NY
					ZIP:			12110
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<REPORTING-OWNER>

					COMPANY DATA:	
						COMPANY CONFORMED NAME:			MECHANICAL TECHNOLOGY INC
						CENTRAL INDEX KEY:			0000064463
						STANDARD INDUSTRIAL CLASSIFICATION:	 [3829
]<RELATIONSHIP>OFFICER
						IRS NUMBER:				141462255
						STATE OF INCORPORATION:			NY
						FISCAL YEAR END:			0930
</COMPANY-DATA>

						FILING VALUES:
							FORM TYPE:		4
</FILING-VALUES>

							BUSINESS ADDRESS:	
								STREET 1:		30 SOUTH PEARL STREET
								CITY:			ALBANY
								STATE:			NY
								ZIP:			12207
								BUSINESS PHONE:		5184332170
</BUSINESS-ADDRESS>

								MAIL ADDRESS:	
									STREET 1:		968 ALBANY SHAKER RD
									STREET 2:		968 ALBANY SHAKER RD
									CITY:			LATHAM
									STATE:			NY
									ZIP:			12110
</MAIL-ADDRESS>
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>0001.htm
<TEXT>

<HTML>
<HEAD>SEC Form 4
</HEAD>
<BODY>
<font face='Tahoma'>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="254 pixels" valign="top"><center><B><font size="4">FORM 4</B></center><br><font size="1"><b>[ ] Check this box if no longer<br>subject to Section 16.  Form 4 or Form<br>5 oblibations may continue.<br>See Instruction 1(b).</b></b>
</TD>
<TD width="764 pixels" valign="center"><center><b>UNITED STATES SECURITIES AND EXCHANGE COMMISSION<BR><center><font size="1">Washington, D.C.&nbsp;&nbsp;20549</b></center><br><font size="2"><b>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP</b><br><br><font
size="1">Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility<br>Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940<center>
</TD>
<TD width="254 pixels"><center><font size="1">OMB APPROVAL</center><br><hr width="98%"><br>OMB Number: 3235-0287<br>Expires: December 31, 2001<br>Estimated average burden<br>hours per response. . . . . 0.5
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="446 pixels"> <font size="1">1. Name and Address of Reporting Person<sup>*</sup><br><b>Scheuer, Cynthia&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.</b><hr width="98%"><center> (Last) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
&nbsp;(First) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(Middle)</center><b>30 South Pearl Street<br></b><br><hr width="98%"><center>(Street)</center><b>Albany, NY&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12207</b><br><hr width="98%"><center> (City) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
(State) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(Zip)</center><br>
</TD>
<TD width="254 pixels"valign="top"><font size="1">2. Issuer Name and Ticker<br>&nbsp;&nbsp;&nbsp;&nbsp;or Trading Symbol<br><br><b>Mechanical Technology Incorporated &nbsp; MKTY</b><hr width="98%">3. I.R.S. Identification<br>&nbsp;&nbsp;&nbsp;&nbsp;Number
of Reporting<br>&nbsp;&nbsp;&nbsp;&nbsp;Person, if an entity<br>&nbsp;&nbsp;&nbsp;&nbsp;(voluntary)<br>
</TD>
<TD width="190 pixels"valign="top"><font size="1">4. Statement for<br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/Year)<br><br>&nbsp;&nbsp;&nbsp;&nbsp;<b>August 2000</b><br><br><hr width="98%">5. If Amendment,<BR>&nbsp;&nbsp;&nbsp;&nbsp;Date of Original<br>&nbsp;&nbsp;
&nbsp;&nbsp;(Month/Year)<br>
</TD>
<TD width="382 pixels"valign="top"><font size="1">6. Relationship of Reporting Person(s) to Issuer<br><center>(Check all applicable)</center><br><u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</u> Director &nbsp; <u>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</u> 10% Owner<br><u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<b>X</b>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</u> Officer &nbsp; &nbsp; <u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</u> Other<br><br>Officer/Other<br>
Description &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <u><b>Vice President/Chief Financial Officer</u></b><hr width="98%">7. Individual or Joint/Group<br> &nbsp; &nbsp; Filing (Check Applicable Line)<br><br><u> <b>X</b> </u> &nbsp; Individual Filing<br><u> &nbsp; &nbsp; </u> &nbsp; Joint/Group Filing
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="100%"valign="top"><font size="1"><center><b>Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned</b></center>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="280 pixels"valign="top"><font size="1">1. Title of Security<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3)<br><br>
</TD>
<TD width="128 pixels"valign="top"><font size="1">2. Transaction Date<br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/Day/Year)
</TD>
<TD width="100 pixels"valign="top"><font size="1">3. Transaction<br>&nbsp;&nbsp;&nbsp;&nbsp;Code<br>&nbsp;&nbsp;&nbsp;&nbsp;and<br>&nbsp;&nbsp;&nbsp;&nbsp;Voluntary<br>&nbsp;&nbsp;&nbsp;&nbsp;Code<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 8)<br><br><hr width="98%">
<center>Code &nbsp;|&nbsp; V &nbsp; &nbsp; </center>
</TD>
<TD width="320 pixels"valign="top"><font size="1">4. Securities Acquired (A) or Disposed (D) Of<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3, 4, and 5)<br><br><br><br><br><br><hr width="98%"><center>&nbsp; &nbsp; &nbsp; &nbsp; Amount &nbsp; &nbsp;&nbsp; | &nbsp;
&nbsp; &nbsp; &nbsp; A/D &nbsp; &nbsp; &nbsp; &nbsp; | &nbsp; &nbsp; &nbsp; &nbsp; Price &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </center>
</TD>
<TD width="140 pixels"valign="top"><font size="1">5. Amount of<br>&nbsp;&nbsp;&nbsp;&nbsp;Securities<br>&nbsp;&nbsp;&nbsp;&nbsp;Beneficially<br>&nbsp;&nbsp;&nbsp;&nbsp;Owned at<br>&nbsp;&nbsp;&nbsp;&nbsp;End of Month<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr.
3 and 4)
</TD>
<TD width="114 pixels"valign="top"><font size="1">6. Owner-<br>&nbsp;&nbsp;&nbsp;&nbsp;ship<br>&nbsp;&nbsp;&nbsp;&nbsp;Form:<br>&nbsp;&nbsp;&nbsp;&nbsp;Direct(D)<br>&nbsp;&nbsp;&nbsp;&nbsp;or<br>&nbsp;&nbsp;&nbsp;&nbsp;Indirect (I)<br><br>&nbsp;&nbsp;
&nbsp;&nbsp;(Instr. 4)
</TD>
<TD width="190 pixels"valign="top"><font size="1">7. Nature of<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beneficial<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ownership<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 4)
</TD>
</TR>
<TR>
<TD width="280 pixels"><br>
</TD>
<TD width="128 pixels"><br>
</TD>
<TD width="100 pixels"><br>
</TD>
<TD width="320 pixels"><br>
</TD>
<TD width="140 pixels"><br>
</TD>
<TD width="114 pixels"><br>
</TD>
<TD width="190 pixels"><br>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="0">
<TR>
<font size="1">Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.<br>* If the form is filed by more than one reporting person, see Instruction 4(b)(v).<br><br><font size="1"><p align="right">(over)<br>
SEC 1474 (3-99)</p>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="0">
<TR>
<TD width="100%"><hr width="98%">
</TR>
</TABLE>
<TABLE width="1272 pixels" border="0">
<TR>
<TD width="100%" align="right"><b>Scheuer, Cynthia A. - August 2000</b><br>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="0">
<TR>
<TD width="100%"><b>Form 4 (continued)</b>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="100%"valign="top"><font size="1"><center><b>Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned<br>(e.g., puts, calls, warrants, options, convertible securities)</b></center>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="178 pixels"valign="top"><font size="1">1. Title of Derivative Security<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3)
</TD>
<TD width="76 pixels"valign="top"><font size="1">2. Conver-<br>&nbsp;&nbsp;&nbsp;&nbsp;sion or<br>&nbsp;&nbsp;&nbsp;&nbsp;Exercise<br>&nbsp;&nbsp;&nbsp;&nbsp;Price of<br>&nbsp;&nbsp;&nbsp;&nbsp;Deri-<br>&nbsp;&nbsp;&nbsp;&nbsp;vative<br>&nbsp;&nbsp;&nbsp;
&nbsp;Security
</TD>
<TD width="76 pixels"valign="top"><font size="1">3. Transaction<br>&nbsp;&nbsp;&nbsp;&nbsp;Date<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/<br>&nbsp;&nbsp;&nbsp;&nbsp;Day/<br>&nbsp;&nbsp;&nbsp;&nbsp;Year)
</TD>
<TD width="78 pixels"valign="top"><font size="1">4. Transaction<br>&nbsp;&nbsp;&nbsp;&nbsp;Code<br>&nbsp;&nbsp;&nbsp;&nbsp;and<br>&nbsp;&nbsp;&nbsp;&nbsp;Voluntary (V)<br>&nbsp;&nbsp;&nbsp;&nbsp;Code<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr.8)<br><br><br><br><br>
<br><hr width="98%"><center>Code | V &nbsp; &nbsp; </center>
</TD>
<TD width="160 pixels"valign="top"><font size="1">5. Number of Derivative<br>&nbsp;&nbsp;&nbsp;&nbsp;Securities Acquired (A)<br>&nbsp;&nbsp;&nbsp;&nbsp;or Disposed (D) Of<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3,4 and 5)
</TD>
<TD width="162 pixels"valign="top"><font size="1">6. Date Exercisable(DE) and<br>&nbsp;&nbsp;&nbsp;&nbsp;Expiration Date(ED)<br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/Day/Year)<br><br><br><br><br><br><br><br><br><hr width="98%"><center>&nbsp; (DE) &nbsp; &nbsp; |
&nbsp; &nbsp; (ED) &nbsp;</center>
</TD>
<TD width="186 pixels"valign="top"><font size="1">7. Title and Amount of<br>&nbsp;&nbsp;&nbsp;&nbsp;Underlying Securities<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3 and 4)
</TD>
<TD width="76 pixels"valign="top"><font size="1">8. Price<br>&nbsp;&nbsp;&nbsp;&nbsp;of<br>&nbsp;&nbsp;&nbsp;&nbsp;Derivative<br>&nbsp;&nbsp;&nbsp;&nbsp;Security<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr.5)
</TD>
<TD width="102 pixels"valign="top"><font size="1">9. Number of<br>&nbsp;&nbsp;&nbsp;&nbsp;Derivative<br>&nbsp;&nbsp;&nbsp;&nbsp;Securities<br>&nbsp;&nbsp;&nbsp;&nbsp;Beneficially<br>&nbsp;&nbsp;&nbsp;&nbsp;Owned<br>&nbsp;&nbsp;&nbsp;&nbsp;at End of<br>
&nbsp;&nbsp;&nbsp;&nbsp;Month<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr.4)
</TD>
<TD width="50 pixels"valign="top"><font size="1">10.<br>Owner-<br>ship<br>Form of<br>Deriv-<br>ative<br>Security:<br>Direct<br>(D)<br>or<br>Indirect<br>(I)
</TD>
<TD width="128 pixels"valign="top"><font size="1">11. Nature of<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beneficial<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ownership<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(Instr.4)
</TD>
</TR>
<TR>
<TD width="178 pixels"><font size="1"><b>Employee Stock Options (Rights to Buy)</b><br>
</TD>
<TD width="76 pixels"align="right"><font size="1"><b>$12.9625</b>
</TD>
<TD width="76 pixels"><font size="1"><b>06/20/2000</b>
</TD>
<TD width="78 pixels"><font size="1"><b><center> &nbsp; &nbsp;J</b> | <b>&nbsp</b>&nbsp; &nbsp; </center>
</TD>
<TD width="160 pixels"><font size="1"><b>&nbsp; &nbsp; (A) 10,000.00</b>
</TD>
<TD width="162 pixels"><font size="1"><b><center>06/20/2001 (1)</b> | <b>06/19/2010</center></b>
</TD>
<TD width="186 pixels"><font size="1"><b>Common Stock</b> - <b>10,000.00</b>
</TD>
<TD width="76 pixels"align="right"><font size="1"><b>$12.96</b>
</TD>
<TD width="102 pixels"align="right"><font size="1"><b>10,000.00</b>
</TD>
<TD width="50 pixels"><font size="1"><center><b>D</b></center>
</TD>
<TD width="128 pixels"><font size="1"><b></b><br>
</TD>
</TR>
<TR>
<TD width="178 pixels"><br>
</TD>
<TD width="76 pixels"><br>
</TD>
<TD width="76 pixels"><br>
</TD>
<TD width="78 pixels"><br>
</TD>
<TD width="160 pixels"><br>
</TD>
<TD width="162 pixels"><br>
</TD>
<TD width="186 pixels"><br>
</TD>
<TD width="76 pixels"><br>
</TD>
<TD width="102 pixels"><br>
</TD>
<TD width="50 pixels"><br>
</TD>
<TD width="128 pixels"><br>
</TD>
</TR>
</TABLE>
<font size="1">Explanation of Responses : <br><br><br>
<TABLE width="1272 pixels" border="0">
<TR>
<TD width="60%"valign="top"><font size="1">** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.<br>&nbsp; &nbsp; &nbsp; &nbsp; See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).<br><br>Note: &nbsp; File three copies of this
Form, one of which must be manually signed.  If space is insufficient,<br>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; See Instruction 6 for procedure.<br><br>Potential persons who are to respond to the collection of information contained in this form are not<br>required to respond unless the form displays a currently valid
OMB number.
</TD>
<TD width="40%"valign="top"><font size="1">________________________________ &nbsp; &nbsp; &nbsp; &nbsp; <u><b> &nbsp; &nbsp;08-14-2000 &nbsp; &nbsp;</b></u><br>** Signature of Reporting Person &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
&nbsp; &nbsp; &nbsp; Date<br><br><b><br>Cynthia A. Scheuer</b><br><br><br>
<p align="right">Page 2<br>SEC 1474 (3-99)</p>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="0">
<TR>
<TD width="100%"><hr width="98%">
</TR>
</TABLE>
<TABLE width="1272 pixels" border="0">
<TR>
<TD width="100%" align="right"><b>Scheuer, Cynthia A. - August 2000</b><br>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="0">
<TR>
<TD width="100%"><b>Form 4 (continued)</b>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="1">
<TR>
<TD width="100%"><center><b>FOOTNOTE Descriptions for Mechanical Technology Incorporated MKTY</b></center>
<p align="right">Form 4 - August 2000</p>
<b><font size="2">Cynthia A. Scheuer<br>30 South Pearl Street<br><br>Albany, NY 12207<br><hr width="98%">Explanation of responses:<br><br></b>
<font size="1"><b>(1) &nbsp; Options vest annually at a rate of 33.3% per year beginning 06/20/01.</b><br>
</TD>
</TR>
</TABLE>
<TABLE width="1272 pixels" border="0">
<TR>
<TD width="100%" align="right">
<font size="1">Page 3
</TR>
</TABLE>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
