STANFIELD OLIVER R 4
4 · ECHELON CORP · Filed Oct 25, 2011
Insider Transaction Report
Form 4
ECHELON CORPELON
STANFIELD OLIVER R
Executive VP and CFO
Transactions
- Tax Payment
Common Stock
2011-10-23$6.75/sh−1,375$9,288→ 63,642 total - Exercise/Conversion
Common Stock
2011-10-23+3,750→ 65,017 total - Exercise/Conversion
Performance Shares
2011-10-23−3,750→ 3,750 totalExp: 2012-10-23→ Common Stock (3,750 underlying)
Holdings
- 575,309(indirect: See footnote)
Common Stock
- 250(indirect: See footnote)
Common Stock
- 11,000(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]3,750 of the 15,000 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective October 23, 2011. Such 15,000 share grant vests at the following rate: 1/4th of such shares on October 23, 2009 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.