MEHRING PETER A 4
4 · ECHELON CORP · Filed May 24, 2004
Insider Transaction Report
Form 4
ECHELON CORPELON
MEHRING PETER A
Senior VP of Engineering
Transactions
- Exercise/Conversion
Common Stock
2004-05-20$7.06/sh+75,000$529,725→ 89,551 total - Other
Common Stock
2004-05-20$10.38/sh−8,568$88,936→ 80,983 total - Tax Payment
Common Stock
2004-05-20$10.38/sh−51,033$529,723→ 14,551 total - Exercise/Conversion
Employee stock option (Right to buy)
2004-05-20−75,000→ 0 totalExercise: $7.06Exp: 2004-06-25→ Common Stock (75,000 underlying)
Footnotes (2)
- [F1]The shares were disposed of in payment of federal and state income tax and medicare tax payments due resulting from the stock option exercise.
- [F2]Reporting person exercised in full the 75,000 share option granted on 6/25/1999 under the Echelon Corporation 1997 Stock Plan. The shares became exerciseable at the rate of 1/4th of the shares on June 25th, 2000 and as to 1/48th of the shares on the last day of each one month anniversary thereafter.