AXELSSON ANDERS 4

4 · ECHELON CORP · Filed May 30, 2012

Form 4

Period: 2012-05-26

Senior VP of Sales & Marketing

Transactions

Tax Payment
Common Stock
2012-05-26$3.56/sh−2,842$10,103→ 78,435 total
Exercise/Conversion
Performance Shares
2012-05-26−7,750→ 15,500 total
Exp: 2014-05-26→ Common Stock (7,750 underlying)
Exercise/Conversion
Performance Shares
2012-05-27−2,187→ 0 total
Exp: 2012-05-27→ Common Stock (2,187 underlying)
Exercise/Conversion
Common Stock
2012-05-26+7,750→ 81,277 total
Tax Payment
Common Stock
2012-05-27$3.56/sh−802$2,851→ 79,820 total
Exercise/Conversion
Common Stock
2012-05-27+2,187→ 80,622 total

Footnotes (3)

[F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
[F2]2,187 of the 8,750 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 27, 2012. Such 8,750 share grant vests at the following rate: 1/4th of such shares on May 27, 2009 and on each one year anniversary thereafter.
[F3]7,750 of the 31,000 shares granted to the Reporting person under the Plan were vested and released to the Reporting Person effective May 26, 2012. Such 31,000 share grant vests at the following rate: 1/4th of such shares on May 26, 2011 and on each one year anniversary thereafter.

Documents

1 file