OSHMAN TRUST DATED 7 10 1979 4

Accession 0001181431-10-059199

CIK 0000031347other

View on SEC.gov Company Profile

Filed

Dec 2, 7:00 PM ET

Accepted

Dec 3, 3:16 PM ET

Size

27.3 KB

Accession

0001181431-10-059199

Insider Transaction Report

Form 4

Period: 2010-11-23

ECHELON CORPELON

OSHMAN M KENNETH

DirectorChairman of the Board & CEO10% Owner

Transactions

Gift
Common Stock
2010-11-23+1,204,282→ 1,204,282 total(indirect: See footnote)
Gift
Common Stock
2010-12-02−1,816→ 0 total
Exercise/Conversion
Performance Shares
2010-12-01−3,404→ 10,213 total
Exp: 2011-03-10→ Common Stock (3,404 underlying)
Exercise/Conversion
Common Stock
2010-12-01+3,404→ 3,404 total
Gift
Common Stock
2010-11-23−1,204,282→ 1,625,854 total(indirect: See footnote)
Gift
Common Stock
2010-12-02+1,816→ 1,627,670 total(indirect: See footnote)
Tax Payment
Common Stock
2010-12-01$9.75/sh−1,588$15,483→ 1,816 total
Sale
Common Stock
2010-12-02$9.73/sh−1,816$17,671→ 1,625,854 total(indirect: See footnote)

Holdings

Common Stock
(indirect: See footnote)
89,508
Common Stock
(indirect: See footnote)
181,558
Common Stock
(indirect: See footnote)
210,492
Common Stock
(indirect: See footnote)
210,492
Common Stock
(indirect: See footnote)
293,220
Common Stock
(indirect: See footnote)
293,220
Common Stock
(indirect: See footnote)
89,508
Common Stock
(indirect: See footnote)
181,558
Common Stock
(indirect: See footnote)
488,428

O S VENTURES

10% Owner

Transactions

Gift
Common Stock
2010-11-23+1,204,282→ 1,204,282 total(indirect: See footnote)
Tax Payment
Common Stock
2010-12-01$9.75/sh−1,588$15,483→ 1,816 total
Exercise/Conversion
Performance Shares
2010-12-01−3,404→ 10,213 total
Exp: 2011-03-10→ Common Stock (3,404 underlying)
Gift
Common Stock
2010-12-02+1,816→ 1,627,670 total(indirect: See footnote)
Gift
Common Stock
2010-11-23−1,204,282→ 1,625,854 total(indirect: See footnote)
Exercise/Conversion
Common Stock
2010-12-01+3,404→ 3,404 total
Gift
Common Stock
2010-12-02−1,816→ 0 total
Sale
Common Stock
2010-12-02$9.73/sh−1,816$17,671→ 1,625,854 total(indirect: See footnote)

Holdings

Common Stock
(indirect: See footnote)
293,220
Common Stock
(indirect: See footnote)
181,558
Common Stock
(indirect: See footnote)
210,492
Common Stock
(indirect: See footnote)
488,428
Common Stock
(indirect: See footnote)
89,508
Common Stock
(indirect: See footnote)
181,558
Common Stock
(indirect: See footnote)
210,492
Common Stock
(indirect: See footnote)
293,220
Common Stock
(indirect: See footnote)
89,508

OSHMAN TRUST DATED 7 10 1979

10% Owner

Transactions

Gift
Common Stock
2010-12-02−1,816→ 0 total
Sale
Common Stock
2010-12-02$9.73/sh−1,816$17,671→ 1,625,854 total(indirect: See footnote)
Gift
Common Stock
2010-12-02+1,816→ 1,627,670 total(indirect: See footnote)
Gift
Common Stock
2010-11-23+1,204,282→ 1,204,282 total(indirect: See footnote)
Tax Payment
Common Stock
2010-12-01$9.75/sh−1,588$15,483→ 1,816 total
Exercise/Conversion
Performance Shares
2010-12-01−3,404→ 10,213 total
Exp: 2011-03-10→ Common Stock (3,404 underlying)
Gift
Common Stock
2010-11-23−1,204,282→ 1,625,854 total(indirect: See footnote)
Exercise/Conversion
Common Stock
2010-12-01+3,404→ 3,404 total

Holdings

Common Stock
(indirect: See footnote)
181,558
Common Stock
(indirect: See footnote)
181,558
Common Stock
(indirect: See footnote)
210,492
Common Stock
(indirect: See footnote)
293,220
Common Stock
(indirect: See footnote)
89,508
Common Stock
(indirect: See footnote)
488,428
Common Stock
(indirect: See footnote)
210,492
Common Stock
(indirect: See footnote)
293,220
Common Stock
(indirect: See footnote)
89,508

Footnotes (15)

[F1]These shares are held by the Oshman Trust dated July 10, 1979, of which the Reporting Person and his spouse, Barbara S. Oshman, serve as co-trustees.
[F10]These shares are held by O-S Ventures, a general partnership, of which M. Kenneth Oshman is general partner.
[F11]The 1,816 shares were sold through separate trades, with the sale prices ranging from $9.73 to $9.7325 and at a weighted average sale price of $9.7309. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate sale price.
[F12]These shares are held by Barbara S. Oshman as her sole and separate property. M. Kenneth Oshman disclaims beneficial ownership of such shares.
[F13]Each performance share represents the right to receive one share of the Issuer's Common Stock.
[F14]3,404 of the 40,850 shares granted to M. Kenneth Oshman under the Issuer's 1997 Stock Plan were vested and released to M. Kenneth Oshman effective December 1, 2010. Such 40,850 share grant vests at the following rate: 1/12th of such shares on April 1, 2010 and on each one-month anniversary thereafter.
[F15]This trade was executed pursuant to a Rule 10b5-1 trading plan that was adopted on May 20, 2010.
[F2]These shares are held by the M. Kenneth Oshman 2010A Annuity Trust dated August 18, 2010.
[F3]These shares are held by the Barbara S. Oshman 2010A Annuity Trust dated August 18, 2010.
[F4]These shares are held by the M. Kenneth Oshman 2009 Annuity Trust dated February 20, 2009.
[F5]These shares are held by the Barbara S. Oshman 2009 Annuity Trust dated February 20, 2009.
[F6]These shares are held by the M. Kenneth Oshman 2009A Annuity Trust dated August 4, 2009.
[F7]These shares are held by the Barbara S. Oshman 2009A Annuity Trust dated August 4, 2009.
[F8]These shares are held by the M. Kenneth Oshman 2010 Annuity Trust dated February 23, 2010.
[F9]These shares are held by the Barbara S. Oshman 2010 Annuity Trust dated February 23, 2010.

Documents

1 file

4
rrd293003.xmlPrimary
GIFT, RELEASE, SALE

Issuer

ECHELON CORP

CIK 0000031347

→

Entity typeother

Related Parties

filerCIK 0001274140

Filing Metadata

Form type: 4
Filed: Dec 2, 7:00 PM ET
Accepted: Dec 3, 3:16 PM ET
Size: 27.3 KB

View on SEC.gov