SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LUCIANO MICHAEL J

(Last)

(First)

(Middle)

C/O MPM TECHNOLOGIES, INC.

199 POMEROY ROAD

(Street)

PARSIPPANY

07054

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MPM TECHNOLOGIES INC [ MPML ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Chairman

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/15/2006		A		2,100,000	A	$525,000	2,452,020	D
Common Stock	12/15/2006		A		980,000	A	$245,000	1,376,509	I	By JFLI Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to Purchase Common Stock⁽¹⁾	$0.25							09/14/1998	09/14/2008	Common Stock	20,223		20,223	D
Option to Purchase Common Stock⁽¹⁾	$0.5							04/19/1999	04/19/2009	Common Stock	157,447		157,447	D
Option to Purchase Common Stock⁽¹⁾	$0.5							04/19/1999	04/19/2009	Common Stock	87,553		87,553	D
Option to Purchase Common Stock⁽¹⁾	$1							05/18/1999	05/18/2009	Common Stock	56,667		56,667	D
Option to Purchase Common Stock⁽¹⁾	$0.75							09/18/2001	09/18/2011	Common Stock	200,000		200,000	D
Option to Purchase Common Stock⁽¹⁾	$0.22							09/15/2003	09/15/2013	Common Stock	100,000		100,000	D
Option to Purchase Common Stock⁽¹⁾	$0.1							09/15/2005	09/15/2015	Common Stock	10,000		10,000	D
Convertible Note⁽¹⁾	⁽²⁾							04/30/2002	⁽³⁾	Common Stock	⁽²⁾		0⁽²⁾	D
Convertible Note⁽¹⁾	$1.2							04/30/2002	⁽³⁾	Common Stock	333,333		333,333	D

Explanation of Responses:

1. The derivative securities were previously acquired, but are being reported because this is the Reporting Person's First Form 4 filed with the SEC electronically.

2. The Reporting Person is the holder of Convertible Notes in the aggregate principal amount of $600,000 accruing convertible interest at 6% (a rate of $98.63 per day; totaling $188,383.56 on 12/13/2006); these notes are convertible into Common Stock at a 40% discount to the average trading price per share for five days prior to conversion.

3. The convertible notes are currently convertible and do not have a date upon which they cease to be convertible.

	/s/ Michael J. Luciano	12/18/2006
	** Signature of Reporting Person	Date
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 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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