HON ROBERT W 4
4 · ECHELON CORP · Filed Apr 12, 2012
Insider Transaction Report
Form 4
ECHELON CORPELON
HON ROBERT W
Senior VP Engineering
Transactions
- Exercise/Conversion
Common Stock
2012-04-11+7,500→ 7,500 total - Exercise/Conversion
Performance Shares
2012-04-11−7,500→ 22,500 totalExp: 2015-04-11→ Common Stock (7,500 underlying) - Tax Payment
Common Stock
2012-04-11$4.24/sh−2,751$11,664→ 4,729 total
Footnotes (2)
- [F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F2]7,500 of the 30,000 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective April 11, 2012. Such 30,000 shares grant vests at the following rate: 1/4th of such shares on April 11, 2012 and on each one year anniversary thereafter.