Nagaraj Varun 4
4 · ECHELON CORP · Filed Jun 13, 2012
Insider Transaction Report
Form 4
ECHELON CORPELON
Nagaraj Varun
Sen. VP Product Mgmt & Mktg.
Transactions
- Award
Performance Shares
2012-06-11+22,400→ 22,400 totalExp: 2016-06-11→ Common Stock (22,400 underlying) - Award
Employee Stock Option (Right to buy)
2012-06-11+89,600→ 89,600 totalExercise: $3.17Exp: 2022-06-11→ Common Stock (89,600 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 22,400 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 89,600 shares of Common Stock. 1/4th of such shares will vest on June 11, 2013 and on each one year anniversary thereafter.