AXELSSON ANDERS 4
4 · ECHELON CORP · Filed Aug 14, 2012
Insider Transaction Report
Form 4
ECHELON CORPELON
AXELSSON ANDERS
Senior VP of Sales & Marketing
Transactions
- Exercise/Conversion
Common Stock
2012-08-10+2,500→ 82,320 total - Tax Payment
Common Stock
2012-08-10$3.22/sh−917$2,953→ 81,403 total - Exercise/Conversion
Performance Shares
2012-08-10−2,500→ 7,500 totalExp: 2015-08-10→ 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 the Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective August 10, 2012. Such 10,000 share grant vests at the following rate: 1/4th of such shares on August 10, 2012 and on each one year anniversary thereafter.