ECHELON CORP|4May 11, 7:13 PM ET

Nagaraj Varun 4

4 · ECHELON CORP · Filed May 11, 2011

Form 4

Period: 2011-05-10

Sen. VP Product Mgmt & Mktg.

Transactions

Award
Stock Appreciation Right
2011-05-10+73,000→ 73,000 total
Exercise: $10.62Exp: 2016-05-10→ Common Stock (73,000 underlying)
Award
Performance Shares
2011-05-10+35,000→ 35,000 total
Exp: 2015-05-10→ Common Stock (35,000 underlying)
Award
Performance Shares
2011-05-10+40,000→ 40,000 total
Exp: 2015-04-01→ Common Stock (40,000 underlying)

Footnotes (4)

[F1]Pursuant to the Issuer's 1997 Plan (the "Plan") the Reporting Person was granted stock appreciation rights with respect to 73,000 shares. 1/4th of such shares will vest on May 10, 2012 and on each one year anniversary thereafter.
[F2]Each performance shares represents the right to receive one share of the Issuer's Common Stock.
[F3]Pursuant to the Plan the Reporting Person was granted 35,000 performance shares. 1/4th of such shares will vest on May 10, 2012 and on each one year anniversary thereafter.
[F4]Pursuant to the Plan the Reporting Person was granted 40,000 performance shares. 20,000 shares will vest on May 10, 2012 and 20,000 shares will vest on May 10, 2013 and in each case subject to the satisfaction of certain performance criteria.

Documents

1 file