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4//SEC Filing

OSHMAN TRUST DATED 7 10 1979 4

Accession 0001181431-11-006749

CIK 0000031347other
View on SEC.govCompany Profile

Filed

Feb 1, 7:00 PM ET

Accepted

Feb 2, 5:26 PM ET

Size

25.0 KB

Accession

0001181431-11-006749

Insider Transaction Report

Form 4
Period: 2011-02-01
ECHELON CORPELON
OSHMAN M KENNETH
DirectorChairman of the Board & CEO10% Owner
Transactions
  • Gift

    Common Stock

    2011-02-02+1,972→ 1,627,826 total(indirect: See footnote)
  • Gift

    Common Stock

    2011-02-02−1,972→ 0 total
  • Sale

    Common Stock

    2011-02-02$9.17/sh−1,972$18,077→ 1,625,854 total(indirect: See footnote)
  • Exercise/Conversion

    Common Stock

    2011-02-01+3,404→ 3,404 total
  • Tax Payment

    Common Stock

    2011-02-01$9.23/sh−1,432$13,217→ 1,972 total
  • Exercise/Conversion

    Performance Shares

    2011-02-01−3,404→ 3,405 total
    Exp: 2011-03-10→ Common Stock (3,404 underlying)
Holdings

  • Common Stock

    (indirect: See footnote)
    293,220

  • Common Stock

    (indirect: See footnote)
    210,492

  • Common Stock

    (indirect: See footnote)
    204,282

  • 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)
    181,558

  • Common Stock

    (indirect: See footnote)
    181,558

  • Common Stock

    (indirect: See footnote)
    89,508

  • Common Stock

    (indirect: See footnote)
    488,428
O S VENTURES
10% Owner
Transactions
  • Exercise/Conversion

    Common Stock

    2011-02-01+3,404→ 3,404 total
  • Tax Payment

    Common Stock

    2011-02-01$9.23/sh−1,432$13,217→ 1,972 total
  • Gift

    Common Stock

    2011-02-02−1,972→ 0 total
  • Exercise/Conversion

    Performance Shares

    2011-02-01−3,404→ 3,405 total
    Exp: 2011-03-10→ Common Stock (3,404 underlying)
  • Gift

    Common Stock

    2011-02-02+1,972→ 1,627,826 total(indirect: See footnote)
  • Sale

    Common Stock

    2011-02-02$9.17/sh−1,972$18,077→ 1,625,854 total(indirect: See footnote)
Holdings

  • Common Stock

    (indirect: See footnote)
    293,220

  • Common Stock

    (indirect: See footnote)
    204,282

  • Common Stock

    (indirect: See footnote)
    210,492

  • Common Stock

    (indirect: See footnote)
    181,558

  • Common Stock

    (indirect: See footnote)
    210,492

  • Common Stock

    (indirect: See footnote)
    89,508

  • 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
OSHMAN TRUST DATED 7 10 1979
10% Owner
Transactions
  • Tax Payment

    Common Stock

    2011-02-01$9.23/sh−1,432$13,217→ 1,972 total
  • Gift

    Common Stock

    2011-02-02−1,972→ 0 total
  • Exercise/Conversion

    Performance Shares

    2011-02-01−3,404→ 3,405 total
    Exp: 2011-03-10→ Common Stock (3,404 underlying)
  • Gift

    Common Stock

    2011-02-02+1,972→ 1,627,826 total(indirect: See footnote)
  • Exercise/Conversion

    Common Stock

    2011-02-01+3,404→ 3,404 total
  • Sale

    Common Stock

    2011-02-02$9.17/sh−1,972$18,077→ 1,625,854 total(indirect: See footnote)
Holdings

  • Common Stock

    (indirect: See footnote)
    210,492

  • Common Stock

    (indirect: See footnote)
    210,492

  • Common Stock

    (indirect: See footnote)
    89,508

  • Common Stock

    (indirect: See footnote)
    89,508

  • Common Stock

    (indirect: See footnote)
    293,220

  • Common Stock

    (indirect: See footnote)
    488,428

  • Common Stock

    (indirect: See footnote)
    204,282

  • Common Stock

    (indirect: See footnote)
    293,220

  • Common Stock

    (indirect: See footnote)
    181,558

  • Common Stock

    (indirect: See footnote)
    181,558
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]These shares are held by Barbara S. Oshman as her sole and separate property. M. Kenneth Oshman disclaims beneficial ownership of such shares.
  • [F12]Each performance share represents the right to receive one share of the Issuer's Common Stock.
  • [F13]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 February 1, 2011. 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.
  • [F14]This trade was executed pursuant to a Rule 10b5-1 trading plan that was adopted on May 20, 2010.
  • [F15]The 1,972 shares were sold through separate trades, with the sale prices ranging from $9.16 to $9.17 and at a weighted average sale price of $9.1668. M. Kenneth Oshman 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.
  • [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

Issuer

ECHELON CORP

CIK 0000031347

→
Entity typeother

Related Parties

1
  • filerCIK 0001274140

Filing Metadata

Form type
4
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 5:26 PM ET
Size
25.0 KB
View on SEC.gov