Nagaraj Varun 4
4 · ECHELON CORP · Filed May 13, 2013
Insider Transaction Report
Form 4
ECHELON CORPELON
Nagaraj Varun
Sen. VP Product Mgmt & Mktg.
Transactions
- Exercise/Conversion
Common Stock
2013-05-10+8,750→ 26,955 total - Tax Payment
Common Stock
2013-05-10$2.29/sh−3,209$7,349→ 23,746 total - Exercise/Conversion
Performance Shares
2013-05-10−8,750→ 17,500 totalExp: 2015-05-10→ Common Stock (8,750 underlying)
Footnotes (2)
- [F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F2]8,750 of the 35,000 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective May 10, 2013. Such 35,000 share grant vests at the following rate: 1/4th of such shares on May 10, 2012 and on each one year anniversary thereafter.