4//SEC Filing
HON ROBERT W 4
Accession 0001181431-12-029551
CIK 0000031347other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 12:45 PM ET
Size
8.4 KB
Accession
0001181431-12-029551
Insider Transaction Report
Form 4
ECHELON CORPELON
HON ROBERT W
Senior VP Engineering
Transactions
- Exercise/Conversion
Common Stock
2012-05-10+17,500→ 22,249 total - Tax Payment
Common Stock
2012-05-10$3.88/sh−6,419$24,906→ 15,830 total - Exercise/Conversion
Performance Shares
2012-05-10−17,500→ 17,500 totalExp: 2015-04-01→ Common Stock (17,500 underlying)
Footnotes (2)
- [F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F2]17,500 of the 35,000 shares granted to the Reporting Person under the Issuer's 1997 Stock 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 April 11, 2012 and 17,500 shares on April 11, 2013 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
Issuer
ECHELON CORP
CIK 0000031347
Entity typeother
Related Parties
1- filerCIK 0001188476
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 12:45 PM ET
- Size
- 8.4 KB