SLAKEY WILLIAM R 4
4 · ECHELON CORP · Filed Nov 14, 2011
Insider Transaction Report
Form 4
ECHELON CORPELON
SLAKEY WILLIAM R
Executive VP and CFO
Transactions
- Award
Performance Shares
2011-11-10+50,000→ 50,000 totalExp: 2015-04-01→ Common Stock (50,000 underlying) - Award
Stock Appreciation Right
2011-11-10+100,000→ 100,000 totalExercise: $5.53Exp: 2016-11-10→ Common Stock (100,000 underlying) - Award
Performance Shares
2011-11-10+50,000→ 50,000 totalExp: 2015-11-10→ Common Stock (50,000 underlying)
Footnotes (4)
- [F1]Pursuant to the Issuer's 1997 Stock Plan (the "Plan") the Reporting Person was granted stock appreciation rights with respect to 100,000 shares. 1/4th of such shares will vest on November 10, 2012 and on each one year anniversary thereafter.
- [F2]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F3]Pursuant to the Plan the Reporting Person was granted 50,000 performance shares. 1/4th of such shares will vest on November 10, 2012 and on each one year anniversary thereafter.
- [F4]Pursuant to the Plan the Reporting Person was granted 50,000 performance shares. 1/4th of such shares will vest on November 10, 2012 and on each one year anniversary thereafter and in each case subject to the satisfaction of certain performance criteria.