<SEC-DOCUMENT>0001003297-16-000845.txt : 20161006
<SEC-HEADER>0001003297-16-000845.hdr.sgml : 20161006
<ACCEPTANCE-DATETIME>20161006172927
ACCESSION NUMBER:		0001003297-16-000845
CONFORMED SUBMISSION TYPE:	8-A12G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20161006
DATE AS OF CHANGE:		20161006

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MECHANICAL TECHNOLOGY INC
		CENTRAL INDEX KEY:			0000064463
		STANDARD INDUSTRIAL CLASSIFICATION:	MEASURING & CONTROLLING DEVICES, NEC [3829]
		IRS NUMBER:				141462255
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-A12G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-06890
		FILM NUMBER:		161925630

	BUSINESS ADDRESS:	
		STREET 1:		325 WASHINGTON AVENUE EXTENSION
		CITY:			ALBANY
		STATE:			NY
		ZIP:			12205
		BUSINESS PHONE:		518-218-2500

	MAIL ADDRESS:	
		STREET 1:		325 WASHINGTON AVENUE EXTENSION
		CITY:			ALBANY
		STATE:			NY
		ZIP:			12205
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-A12G
<SEQUENCE>1
<FILENAME>mk8a.htm
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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<div style="border:none;border-top:solid windowtext 2.25pt;padding:1.0pt 0in 0in 0in;"><p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

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<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;text-indent:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:18.0pt;">UNITED STATES</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:18.0pt;">SECURITIES
AND EXCHANGE COMMISSION</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Washington, D.C. 20549</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></u></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:18.0pt;">FORM
8-A</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:8.0pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">FOR REGISTRATION OF CERTAIN
CLASSES OF SECURITIES</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">PURSUANT TO SECTION 12(b) OR
12(g) OF THE</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">SECURITIES EXCHANGE ACT OF 1934</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></u></b></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;text-indent:.5in;"><b><font face="Times New Roman" lang=EN-US style="font-size:18.0pt;">MECHANICAL TECHNOLOGY, INCORPORATED </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&#160;(Exact name of registrant as specified in its charter)</font></b></p>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-align:left;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></b></p>
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<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:6.0pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;New
York&nbsp; </font></b></p></td>
		<td width="50%" align="center"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
		14-1462255</font></b></td>
	</tr>
	<tr>
		<td width="50%" align="center">

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"> <b><font face="Times New Roman" lang=EN-US style="font-size:7.5pt;">(State or
other jurisdiction of incorporation or organization)</font><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;</font></b></p>
		</td>
		<td width="50%" align="center"> <b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:7.5pt;">(I.R.S. Employer Identification No.)</font></b></td>
	</tr>
	<tr>
		<td width="50%" align="center">

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-indent:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; 325 Washington Avenue Extension</font></b></p>

		</td>
		<td width="50%" align="center">&nbsp;</td>
	</tr>
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<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Albany, New York&#160;&#160;&#160;&#160;</font></b></p>
		</td>
		<td width="50%" align="center"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
		12205</font></b></td>
	</tr>
	<tr>
		<td width="50%" align="center">

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:7.5pt;">(Address of principal executive offices)</font><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&#160;</font></b></p>
		</td>
		<td width="50%" align="center"><b><font face="Times New Roman" lang=EN-US style="font-size:7.5pt;">(Zip Code)</font></b></td>
	</tr>
</table>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></u></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;text-indent:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Securities to be registered pursuant to Section 12(b)
of the Act: None</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-indent:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">If this form relates to the
registration of a class of securities pursuant to Section 12(b) of the Exchange
Act and is effective pursuant to General Instruction A.(c) or (e), check the
following box.&#160; &#9744;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">If this form relates to the
registration of a class of securities pursuant to Section 12(g) of the Exchange
Act and is effective pursuant to General Instruction A.(d) or (e), check the
following box.&#160; &#9746; </font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">If this form relates to the
registration of a class of securities concurrently with a Regulation A
offering, check the following box. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
&#9744;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Securities Act registration statement
or Regulation A offering statement file number to which this form relates (if
applicable): Not applicable</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Securities to be registered pursuant
to Section 12(g) of the Act: </font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Common Stock Purchase Rights</font></u></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(Title of class)</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid windowtext 2.25pt;padding:0in 0in 1.0pt 0in;">

<p align=center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>





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<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman bold" lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">Information Required in Registration Statement</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Item 1.&#160;&#160; Description
of Registrant&#8217;s Securities to be Registered.</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">On
October 6, 2016 (the &#8220;Rights Dividend Declaration Date&#8221;), the Board of
Directors (the &#8220;Board&#8221;) of Mechanical Technology, Incorporated (the &#8220;Company&#8221;)
adopted a Section 382 rights plan (the &#8220;Rights Plan&#8221;) and declared a dividend
distribution of one Right (as defined below) for each outstanding share of
common stock, par value $0.01 per share (the &#8220;Common Stock&#8221;), of the Company to
shareholders of record at the close of business on October 19, 2016.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">The Board
adopted the Rights Plan in an effort to protect against a possible limitation
on the Company&#8217;s ability to use its net operating loss carryfowards (&#8220;NOLs&#8221;),
which totaled over $51 million as of June 30, 2016.&#160; The Company may utilize
these NOLs in certain circumstances to offset future U.S. taxable income and
reduce its U.S. federal income tax liability, which may arise even in periods
when the Company incurs an accounting loss for reporting purposes.&#160; The
Company&#8217;s ability to use its NOLs, however, could be substantially limited if
an &#8220;ownership change,&#8221; as defined under Section 382 of the Internal Revenue
Code (the &#8220;Code&#8221;), occurred.&#160; In general, an ownership change would occur if
and when the percentage of ownership of Company stock by one or more &#8220;5-percent
shareholders&#8221; (as defined under IRC Section 382) has increased by more than 50
percent at any time during the prior three years (calculated on a rolling
basis).&#160; These provisions can be triggered not only by merger and acquisition
activity but by normal market trading as well.&#160;&#160; The Rights Plan is designed to
deter trading that would result in an ownership change that could lead to the
loss of the NOLs and a resulting reduction in the Company&#8217;s value. </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">The
Rights Plan is intended to act as a deterrent to any person (together with all
affiliates and associates of such person) acquiring &#8220;beneficial ownership&#8221; (as
defined in the Rights Plan) of 4.99% or more of the outstanding shares of
Common Stock without the approval of the Board (an &#8220;Acquiring Person&#8221;).&#160; Shareholders
who currently beneficially own 4.99% or more of the outstanding Common Stock
will not be deemed to be an Acquiring Person unless they acquire one or more
additional shares of Common Stock (unless upon such acquisition they do not
beneficially own 4.99% or more of the Common Stock then outstanding). </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">The
Rights</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">.&#160; On the
Rights Dividend Declaration Date, the Board authorized the issuance of one
right (a &#8220;Right&#8221;) for each outstanding share of Common Stock to the Company&#8217;s
shareholders of record at the close of business on October 19, 2016, and each
share of Common Stock issued thereafter and prior to the earlier of the
Distribution Date (as defined below) and the expiration of the Rights as set
forth below.&#160; Subject to the terms, provisions and conditions of the Rights
Plan, if the Rights become exercisable, each Right would represent the right to
purchase from the Company one share of Common Stock at a purchase price of
$5.00 per share (the &#8220;Purchase Price&#8221;), subject to adjustment as set forth below.&#160;
Prior to exercise, however, a Right does not give its holder any rights as a
shareholder of the Company, including, without limitation, the right to vote or
to receive dividends. </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Initial
Exercisability</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">.&#160;
The Rights are not exercisable until the earlier of (i) ten days after a public
announcement that a person has become an Acquiring Person or, if earlier, the
date a majority of the Board becomes aware of the existence of an Acquiring
Person (a &#8220;Stock Acquisition Date&#8221;) and (ii) ten business days (or such later
date as may be determined by the Board) after the commencement of, or the first
public announcement of the intent of any person to commence, a tender or
exchange offer by or on behalf of a person that, if completed, would result in
such person becoming an Acquiring Person.&#160; The date that the Rights become
exercisable under the Rights Plan is referred to as the &#8220;Distribution Date.&#8221; </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Until the
Distribution Date, the Common Stock certificates or book entries in respect of
such Common Stock will evidence the Rights.&#160; Any transfer of the Common Stock
prior to the Distribution Date will constitute a transfer of the associated
Rights.&#160; After the Distribution Date, separate Rights certificates will be
issued to record holders of Common Stock as of the close of business on the
Distribution Date, and the Rights may be transferred separately from the
underlying shares of the Common Stock, unless and until the Board has
determined to effect an exchange pursuant to the Rights Plan (as described
below).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">&#8220;Flip-In&#8221;
Event</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">.&#160; In the
event that a person, other than a person expressly excluded under the Rights
Plan, becomes an Acquiring Person, each holder of a Right, other than Rights
that are or, under certain circumstances, were beneficially owned by the
Acquiring Person (which will thereupon become void), will from and after the
Distribution Date have the right </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">to receive, upon
exercise of a Right and payment of the then current Purchase Price, a number of
shares of Common Stock having a market value of two times the Purchase Price
(unless the transaction that gives rise to the adjustment discussed herein is a
transaction discussed under &#8220;Merger, etc.&#8221; immediately below, in which case
only the provisions discussed therein apply).</font></p>
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;">&nbsp;</p>
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;" align="center">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">- 2
-</font> </p>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Merger,
etc</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">.&#160; If (i)
the Company is acquired in a merger or other business combination transaction
where the Company is not the surviving corporation, (ii) another entity consolidates
with or merges into the Company and the Company is the surviving corporation, and
in connection with such consolidation or merger all or part of the outstanding
shares of Common Stock are changed into or exchanged for stock or other
securities of any other entity, cash or any other property, or (iii) the
Company sells or transfers assets constituting more than 50% of its assets,
cash flow or earning power,</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">each holder of a Right will from and after the
Distribution Date have the right to receive, upon exercise of a Right and
payment of the then current Purchase Price, a number of shares of common stock
of the acquiring entity (or equivalent) having a market value of two times the
Purchase Price.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Exempted
Persons</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">.&#160; The
Board recognizes that there may be instances when an acquisition of shares of
the Common Stock that would cause a shareholder to become an Acquiring Person
may not adversely impact in any material respect the time period in which the
Company could use the NOLs or limit or impair the availability to the Company
of the NOLs, or is in the best interests of the Company despite the fact that
such acquisition may have such impact on the Company&#8217;s use of the NOLs.&#160;
Accordingly, the Rights Plan grants discretion to the Board to designate a
person as an &#8220;exempt person&#8221; under such circumstances.&#160; An &#8220;exempt person&#8221; will
not become an Acquiring Person with respect to the transaction for which the
exemption was granted.&#160; Any such exemption may be subject to limitations or
conditions (including a requirement that the requesting person agree that it
will not acquire beneficial ownership of shares of Common Stock in excess of
the maximum number and percentage of shares approved by the Board) as the Board
may determine necessary or desirable to provide for the protection of the NOLs.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Redemption</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">.&#160; At any time before the
earlier of a Stock Acquisition Date or October 19, 2026, the Company may redeem
the Rights in whole, but not in part, at a price of $0.001 per Right (the
&#8220;Redemption Price&#8221;), which payment may be made in cash, shares of Common Stock
or any other form of consideration.&#160; In addition, the Company may redeem the Rights
in whole, but not in part, at the Redemption Price following a Stock
Acquisition Date but prior to an event described under &#8220;Merger, etc.,&#8221; under
certain circumstances as described in the Rights Plan.&#160;&#160; Immediately upon the
Board&#8217;s determination to redeem the Rights, the right to exercise the Rights
will terminate, and the only right of the holders of Rights thereafter will be
to receive the Redemption Price.&#160; </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Exchange</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">.&#160; At any time after a person
becomes an Acquiring Person and prior to the acquisition by the Acquiring
Person of 50% or more of the outstanding shares of Common Stock, the Board may
exchange the Rights (other than Rights that have become void), in whole or in
part, at an exchange ratio of one share of Common Stock per Right (subject to adjustment).&#160;
Immediately upon the Board&#8217;s action to exchange any Rights, the right to
exercise such Rights will terminate and the only right of the holders of Rights
will be to receive the number of shares of Common Stock equal to the number of
such Rights held by such holder multiplied by the exchange ratio.&#160; </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Expiration</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">.&#160; The Rights will expire on the
earliest of the following:&#160; </font></p>

<blockquote>
	<ul>
		<li>
		<p style="margin-bottom:12.0pt;margin-right:0in;margin-top:0in;">
		<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">the close of
business on October 19, 2026;</font></p></li>
		<li>
		<p style="margin-bottom:12.0pt;margin-right:0in;margin-top:0in;">
		<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">the
redemption of the Rights;</font></p></li>
		<li>
		<p style="margin-bottom:12.0pt;margin-right:0in;margin-top:0in;">
		<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">the exchange
of the Rights;</font></p></li>
		<li>
		<p style="margin-bottom:12.0pt;margin-right:0in;margin-top:0in;">
		<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">the close of
business on the effective date of the repeal of Section 382 if the Board
determines that the Rights Plan is no longer necessary or desirable for the
preservation of the NOLs; or</font></p></li>
		<li>
		<p style="margin-bottom:12.0pt;margin-right:0in;margin-top:0in;">
		<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">the time at
which the Board determines that the NOLs are fully utilized or no longer available
under Section 382 or that an ownership change under Section 382 would not
adversely impact in any material respect the time period
in which the Company could use the NOLs, or materially impair the amount of the
NOLs that could be used by the Company in any particular time period, for
applicable tax purposes.</font></p></li>
	</ul>
</blockquote>
<p style="margin-bottom:12.0pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-indent:-.25in;">&nbsp;</p>
<p style="margin-bottom:12.0pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-indent:-.25in;">&nbsp;</p>
<p style="margin-bottom:12.0pt;margin-right:0in;margin-top:0in;" align="center"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">- 3
-</font> <font face="Times New Roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;&nbsp;&nbsp; </font></p>
<p style="margin-bottom:12.0pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-indent:-.25in;">&nbsp;</p>
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<font face="Times New Roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;">&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></DIV>
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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>


<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Anti-Dilution
Provisions</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">.&#160;
The number and kind of shares covered by each Right, the Purchase Price and the
number of outstanding Rights will be adjusted to prevent dilution that may
occur as a result of certain events, including among others, a share dividend,
a share split or a reclassification or recapitalization of the Common Stock.&#160;
The Redemption Price will be similarly adjusted.&#160; With certain exceptions, no
adjustments to the Purchase Price will be required until cumulative adjustments
amount to at least 1% of the Purchase Price. </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">No
Fractional Shares or Rights</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">.&#160; The Company is not required to issue any fractional Rights or any
fractional shares of Common Stock upon exercise of any Rights.&#160; The Company may
make a cash payment in lieu of any fractional Rights or shares of Common Stock.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Amendments</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">.&#160; Prior to the Distribution
Date, the Board may supplement or amend any provision of the Rights Plan in any
respect without the approval of the holders of the Rights.&#160; From and after the
Distribution Date, no supplement or amendment can adversely affect the
interests of the holders of the Rights. </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">This
summary description of the Rights does not purport to be complete and is
qualified in its entirety by reference to the Rights Agreement, which is
attached as Exhibit 4.1 hereto and is incorporated herein by reference.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Item 2.&#160;&#160; Exhibits.</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" width="100%">
	<tr>
		<td valign="top" width="10%"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
		4.1</font></td>
		<td width="90%" valign="top">

<p style="margin-bottom:.0001pt;margin-right:0in;margin-top:0in;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Rights Agreement, dated
as of October 6, 2016, between Mechanical Technology, Incorporated and American
Stock Transfer &amp; Trust Company, LLC, as Rights Agent (incorporated by
reference to Exhibit 4.1 of the Company&#8217;s Form 8-K filed on October 6, 2016).</font></p>
		</td>
	</tr>
</table>
<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-1.0in;">&nbsp;</p>
<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-1.0in;">&nbsp;</p>
<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-1.0in;">&nbsp;</p>
<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-1.0in;">&nbsp;</p>
<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-1.0in;">&nbsp;</p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;" align="center"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">- 4
-</font> </p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>









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<font face="Times New Roman" lang=EN-US style="font-size:8.0pt;layout-grid-mode:line;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Signature</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pursuant
to the requirements of Section&nbsp;12 of the Securities Exchange Act of 1934,
the registrant has duly caused this registration statement to be signed on its
behalf by the undersigned, thereto duly authorized.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Dated:&#160; October 6,
2016&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font></p>
<table border="0" width="100%" cellspacing="0" cellpadding="0">
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;Mechanical
		Technology, Incorporated</font></td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">&nbsp;</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">&nbsp;</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
By:&nbsp;&nbsp; /s/&nbsp;
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Kevin G. Lynch</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;">
<font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font><u><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></u></p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Kevin G. Lynch</font></p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Chief
Executive Officer &#160;</font></p>



		</td>
	</tr>
</table>



</div>
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