AXELSSON ANDERS 4
4 · ECHELON CORP · Filed Jun 13, 2012
Insider Transaction Report
Form 4
ECHELON CORPELON
AXELSSON ANDERS
Senior VP of Sales & Marketing
Transactions
- Award
Employee Stock Option (Right to buy)
2012-06-11+62,400→ 62,400 totalExercise: $3.17Exp: 2022-06-11→ Common Stock (62,400 underlying) - Award
Performance Shares
2012-06-11+15,600→ 15,600 totalExp: 2016-06-11→ Common Stock (15,600 underlying)
Footnotes (3)
- [F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F2]Pursuant to the Issuer's 1997 Stock Plan (the "Plan") the Reporting Person was granted 15,600 performance shares. 1/4th of such shares will vest on June 11, 2013 and on each one year anniversary thereafter.
- [F3]Pursuant to the Plan the Reporting Person was granted an option to buy 62,400 shares of Common Stock. 1/4th of such shares will vest on June 11, 2013 and on each one year anniversary thereafter.