4//SEC Filing
AXELSSON ANDERS 4
Accession 0001181431-12-029549
CIK 0000031347other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 12:44 PM ET
Size
13.7 KB
Accession
0001181431-12-029549
Insider Transaction Report
Form 4
ECHELON CORPELON
AXELSSON ANDERS
Senior VP of Sales & Marketing
Transactions
- Exercise/Conversion
Common Stock
2012-05-10+5,000→ 59,530 total - Tax Payment
Common Stock
2012-05-10$3.88/sh−1,834$7,116→ 57,696 total - Exercise/Conversion
Common Stock
2012-05-10+22,500→ 80,196 total - Tax Payment
Common Stock
2012-05-10$3.88/sh−8,253$32,022→ 71,943 total - Exercise/Conversion
Perforrmance Shares
2012-05-10−5,000→ 5,000 totalExp: 2014-05-14→ Common Stock (5,000 underlying) - Exercise/Conversion
Performance Shares
2012-05-10−22,500→ 22,500 totalExp: 2015-04-01→ Common Stock (22,500 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]22,500 of the 45,000 shares granted to the Reporting Person under the Plan were vested and released to the Reporting Person effective May 10, 2012. Such 45,000 shares vest at the following rate: 22,500 shares on August 24, 2011 and 22,500 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 45,000 share grant was deemed to have occurred pursuant to the satisfaction of certain performance criteria.
Documents
Issuer
ECHELON CORP
CIK 0000031347
Entity typeother
Related Parties
1- filerCIK 0001243234
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 12:44 PM ET
- Size
- 13.7 KB