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4//SEC Filing

OSHMAN M KENNETH 4

Accession 0001181431-11-033699

CIK 0000031347other
View on SEC.govCompany Profile

Filed

May 30, 8:00 PM ET

Accepted

May 31, 7:05 PM ET

Size

31.2 KB

Accession

0001181431-11-033699

Insider Transaction Report

Form 4
Period: 2011-05-26
ECHELON CORPELON
OSHMAN M KENNETH
DirectorChairman of the Board & CEO10% Owner
Transactions
  • Gift

    Common Stock

    2011-05-31−3,958→ 0 total
  • Exercise/Conversion

    Performance Shares

    2011-05-27−6,250→ 6,250 total
    Exp: 2012-05-27→ Common Stock (6,250 underlying)
  • Tax Payment

    Common Stock

    2011-05-26$9.44/sh−7,152$67,515→ 12,348 total
  • Exercise/Conversion

    Performance Shares

    2011-05-26−19,500→ 58,500 total
    Exp: 2014-05-26→ Common Stock (19,500 underlying)
  • Tax Payment

    Common Stock

    2011-05-27$9.44/sh−2,292$21,636→ 16,306 total
  • Gift

    Common Stock

    2011-05-27−12,348→ 3,958 total
  • Sale

    Common Stock

    2011-05-27$9.41/sh−12,348$116,247→ 1,830,136 total(indirect: See footnote)
  • Exercise/Conversion

    Common Stock

    2011-05-26+19,500→ 19,500 total
  • Exercise/Conversion

    Common Stock

    2011-05-27+6,250→ 18,598 total
  • Sale

    Common Stock

    2011-05-31$9.49/sh−3,958$37,562→ 1,830,136 total(indirect: See footnote)
Holdings

  • Common Stock

    (indirect: See footnote)
    488,428

  • Common Stock

    (indirect: See footnote)
    210,492

  • Common Stock

    (indirect: See footnote)
    89,508

  • Common Stock

    (indirect: See footnote)
    268,638

  • Common Stock

    (indirect: See footnote)
    98,107
Footnotes (16)
  • [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 the Barbara S. Oshman 2011 Annuity Trust #1 dated February 25, 2011.
  • [F11]Each performance share represents the right to receive one share of the Issuer's Common Stock.
  • [F12]This trade was executed pursuant to a Rule 10b5-1 trading plan adopted on March 7, 2011.
  • [F13]19,500 of the 78,000 shares granted to M. Kenneth Oshman under the Issuer's 1997 Stock Plan (the "Plan") were vested and released to M. Kenneth Oshman effective May 26, 2011. Such 78,000 share grant vests at the following rate: 1/4th of such shares on May 26, 2011 and on each one year anniversary thereafter.
  • [F14]6,250 of the 25,000 shares granted to M. Kenneth Oshman under the Plan were vested and released to M. Kenneth Oshman effective May 27, 2011. Such 25,000 share grant vests at the following rate: 1/4th of such shares on May 27, 2009 and on each one year anniversary thereafter.
  • [F15]The 12,348 shares were sold through separate trades, with the sale prices ranging from $9.38 to $9.45 and at a weighted average sale price of $9.4142. 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.
  • [F16]The 3,958 shares were sold through separate trades, with the sale prices ranging from $9.49 to $9.4925 and at a weighted average sale price of $9.4901. 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 2009A Annuity Trust dated August 4, 2009.
  • [F5]These shares are held by the Barbara S. Oshman 2009A Annuity Trust dated August 4, 2009.
  • [F6]These shares are held by the M. Kenneth Oshman 2010 Annuity Trust dated February 23, 2010.
  • [F7]These shares are held by the Barbara S. Oshman 2010 Annuity Trust dated February 23, 2010.
  • [F8]These shares are held by O-S Ventures, a general partnership, of which M. Kenneth Oshman is general partner.
  • [F9]These shares are held by the M. Kenneth Oshman 2011 Annuity Trust #1 dated February 25, 2011.

Documents

1 file

Issuer

ECHELON CORP

CIK 0000031347

→
Entity typeother

Related Parties

1
  • filerCIK 0001078519

Filing Metadata

Form type
4
Filed
May 30, 8:00 PM ET
Accepted
May 31, 7:05 PM ET
Size
31.2 KB
View on SEC.gov