STANFIELD OLIVER R 4

4 · ECHELON CORP · Filed May 31, 2011

Form 4

Period: 2011-05-26

Executive VP and CFO

Transactions

Exercise/Conversion
Performance Shares
2011-05-26−8,750→ 26,250 total
Exp: 2014-05-26→ Common Stock (8,750 underlying)
Tax Payment
Common Stock
2011-05-27$9.44/sh−1,146$10,818→ 68,787 total
Exercise/Conversion
Common Stock
2011-05-27+3,125→ 69,933 total
Tax Payment
Common Stock
2011-05-26$9.44/sh−3,209$30,293→ 66,808 total
Exercise/Conversion
Common Stock
2011-05-26+8,750→ 70,017 total
Exercise/Conversion
Performance Shares
2011-05-27−3,125→ 3,125 total
Exp: 2012-05-27→ Common Stock (3,125 underlying)

Holdings

Footnotes (6)

[F1]These shares are held by the Stanfield Family Trust UDT February 2, 2001, of which the Reporting Person and his spouse serve as co-trustees.
[F2]These shares are held by the Reporting Person's spouse.
[F3]These shares are held by the Calvin Family Trust (the "Trust"). The Reporting Person was appointed Co-Trustee of the Trust, which is for the benefit of the Reporting Person's step-parent. The Reporting Person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.
[F4]Each performance share represents the right to receive one share of the Issuer's Common Stock.
[F5]8,750 of the 35,000 shares granted to the Reporting person under the Issuer's 1997 Stock Plan (the "Plan") were vested and released to the Reporting Person effective May 26, 2011. Such 35,000 share grant vests at the following rate: 1/4th of such shares on May 26, 2011 and on each one year anniversary thereafter.
[F6]3,125 of the 12,500 shares granted to the Reporting Person under the Plan were vested and released to the Reporting Person effective May 27, 2011. Such 12,500 share grant vests at the following rate: 1/4th of such shares on May 27, 2009 and on each one year anniversary thereafter.

Documents

1 file