4//SEC Filing
MEHRING PETER A 4
Accession 0001181431-04-048551
CIK 0000031347other
Filed
Oct 21, 8:00 PM ET
Accepted
Oct 22, 8:30 PM ET
Size
6.6 KB
Accession
0001181431-04-048551
Insider Transaction Report
Form 4
ECHELON CORPELON
MEHRING PETER A
Senior VP of Engineering
Transactions
- Disposition to Issuer
Employee stock option (Right to buy)
2004-10-20−50,000→ 0 totalExercise: $30.25Exp: 2005-04-27→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Cancellation of an option granted to Reporting Person to buy 50,000 shares of Common Stock under the Echelon Corporation 1997 Stock Plan. The option was exercisable in full as of the April 27, 2000 date of grant, subject to a repurchase option in favor of the Issuer. The option vested at the rate of 1/4th of the shares on April 27, 2001 and as to 1/48th of the shares on the last day of each one month anniversary thereafter.
- [F2]On October 21, 2004, the Issuer cancelled, pursuant to the Issuer's option exchange program, an option granted to the Reporting Person on April 27, 2000. In exchange, in accordance with the terms and conditions of the Issuer's option exchange program, the Reporting Person will receive a replacement option on April 22, 2005, if the Reporting Person remains an employee of the Issuer or a subsidiary of the Issuer as of such date, for 10,000 shares, having an exercise price equal to the greater of (i) the closing price of the Issuer's common stock on April 22, 2005 or (ii)$8.52, which is equal to 115% of the closing price of the Issuer's common stock on October 21, 2004.
Documents
Issuer
ECHELON CORP
CIK 0000031347
Entity typeother
Related Parties
1- filerCIK 0001227362
Filing Metadata
- Form type
- 4
- Filed
- Oct 21, 8:00 PM ET
- Accepted
- Oct 22, 8:30 PM ET
- Size
- 6.6 KB