HON ROBERT W 4
4 · ECHELON CORP · Filed Apr 12, 2011
Insider Transaction Report
Form 4
ECHELON CORPELON
HON ROBERT W
Senior VP Engineering
Transactions
- Award
Performance Shares
2011-04-11+35,000→ 35,000 totalExp: 2015-04-01→ Common Stock (35,000 underlying) - Award
Stock Appreciation Right
2011-04-11+70,000→ 70,000 totalExercise: $8.89Exp: 2016-04-11→ Common Stock (70,000 underlying) - Award
Performance Shares
2011-04-11+30,000→ 30,000 totalExp: 2015-04-11→ Common Stock (30,000 underlying)
Footnotes (4)
- [F1]Pursuant to the Issuer's 1997 Plan (the "Plan") the Reporting Person was granted stock appreciation rights with respect to 70,000 shares. 1/4th of such shares will vest on April 11, 2012 and on each one year anniversary thereafter.
- [F2]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F3]Pursuant to the Plan the Reporting Person was granted 30,000 performance shares. 1/4th of such shares will vest on April 11, 2012 and on each one year anniversary thereafter.
- [F4]Pursuant to the Plan the Reporting person was granted 35,000 performance shares. 17,500 shares will vest on April 11, 2012 and 17,500 shares will vest on April 11, 2013 and in each case subject to the satisfaction of certain performance criteria.