AXELSSON ANDERS 4
4 · ECHELON CORP · Filed May 16, 2012
Insider Transaction Report
Form 4
ECHELON CORPELON
AXELSSON ANDERS
Senior VP of Sales & Marketing
Transactions
- Tax Payment
Common Stock
2012-05-14$3.63/sh−916$3,325→ 73,527 total - Exercise/Conversion
Common Stock
2012-05-14+2,500→ 74,443 total - Exercise/Conversion
Perforrmance Shares
2012-05-14−2,500→ 2,500 totalExp: 2014-05-14→ Common Stock (2,500 underlying)
Footnotes (2)
- [F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F2]2,500 of the 10,000 shares granted to the Reporting Person under Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective May 14, 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, in each case subject to the satisfaction of certain performance criteria. As noted in the prior Form 4 for the Reporting Person, filed with the Securities and Exchange Commission on May 14, 2012, it had been determined that May 10, 2012 was the date on which the performance criteria pertaining to the 10,000 share grant was met.