STANFIELD OLIVER R 4
4 · ECHELON CORP · Filed Sep 13, 2011
Insider Transaction Report
Form 4
ECHELON CORPELON
STANFIELD OLIVER R
Executive VP and CFO
Transactions
- Exercise/Conversion
Performance Shares
2011-09-10−3,125→ 0 totalExp: 2012-09-10→ Common Stock (3,125 underlying) - Tax Payment
Common Stock
2011-09-10$7.63/sh−1,146$8,738→ 63,246 total - Exercise/Conversion
Common Stock
2011-09-10+3,125→ 64,392 total
Holdings
- 250(indirect: See footnote)
Common Stock
- 11,000(indirect: See footnote)
Common Stock
- 573,330(indirect: See footnote)
Common Stock
Footnotes (5)
- [F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F2]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.
- [F3]These shares are held by the Reporting Person's spouse.
- [F4]3,125 of the 12,500 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective September 10, 2011. Such 12,500 share grant vests at the following rate: 1/4th of such shares on September 10, 2008 and on each one year anniversary thereafter.
- [F5]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.