BLOCH KATHLEEN B 4

4 · ECHELON CORP · Filed May 14, 2012

Form 4

Period: 2012-05-10

Sr. VP, Gen Counsl & Secretary

Transactions

Exercise/Conversion
Common Stock
2012-05-10+5,000→ 68,731 total
Tax Payment
Common Stock
2012-05-10$3.88/sh−1,834$7,116→ 66,897 total
Exercise/Conversion
Common Stock
2012-05-10+17,500→ 84,397 total
Tax Payment
Common Stock
2012-05-10$3.88/sh−6,419$24,906→ 77,978 total
Exercise/Conversion
Performance Shares
2012-05-10−5,000→ 5,000 total
Exp: 2014-05-14→ Common Stock (5,000 underlying)
Exercise/Conversion
Performance Shares
2012-05-10−17,500→ 17,500 total
Exp: 2015-04-01→ Common Stock (17,500 underlying)

Footnotes (3)

[F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
[F2]5,000 of the 10,000 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 10, 2012. Such 10,000 shares vest at the following rate: 1/4th of such shares vest on May 14, 2010 and on each one year anniversary thereafter, and in each case subject to the satisfaction of certain performance criteria. It was determined that May 10, 2012 was the date on which vesting of 50% of the original 10,000 share grant was deemed to have occurred pursuant to the satisfaction of certain performance criteria.
[F3]17,500 of the 35,000 shares granted to the Reporting Person under the Plan were vested and released to the Reporting Person effective May 10, 2012. Such 35,000 shares vest at the following rate: 17,500 shares on August 24, 2011 and 17,500 shares on August 24, 2012 assuming in each case that the satisfaction of certain performance criteria has been met. It was determined that May 10, 2012 was the date on which vesting of 50% of the original 35,000 share grant was deemed to have occurred pursuant to the satisfaction of certain performance criteria.

Documents

1 file