HON ROBERT W 4
4 · ECHELON CORP · Filed Jun 13, 2012
Insider Transaction Report
Form 4
ECHELON CORPELON
HON ROBERT W
Senior VP Engineering
Transactions
- Award
Performance Shares
2012-06-11+18,100→ 18,100 totalExp: 2016-06-11→ Common Stock (18,100 underlying) - Award
Employee Stock Option (Right to buy)
2012-06-11+72,400→ 72,400 totalExercise: $3.17Exp: 2022-06-11→ Coommon Stock (72,400 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 18,100 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 72,400 shares of Common Stock. 1/4th of such shares will vest on June 11, 2013 and on each one year anniversary thereafter.