SLAKEY WILLIAM R 4
4 · ECHELON CORP · Filed Nov 13, 2012
Insider Transaction Report
Form 4
ECHELON CORPELON
SLAKEY WILLIAM R
Executive VP and CFO
Transactions
- Exercise/Conversion
Common Stock
2012-11-10+12,500→ 12,500 total - Exercise/Conversion
Performance Shares
2012-11-10−12,500→ 37,500 totalExp: 2015-11-10→ Common Stock (12,500 underlying) - Tax Payment
Common Stock
2012-11-10$2.58/sh−4,585$11,829→ 7,915 total
Footnotes (2)
- [F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F2]12,500 of the 50,000 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective November 10, 2012. Such 50,000 share grant vests at the following rate: 1/4th of such shares on November 10, 2012 and on each one year anniversary thereafter.