4//SEC Filing
ECHELON CORP 4
Accession 0001181431-13-034492
CIK 0000031347operating
Filed
Jun 11, 8:00 PM ET
Accepted
Jun 12, 4:38 PM ET
Size
15.4 KB
Accession
0001181431-13-034492
Insider Transaction Report
Form 4
ECHELON CORPELON
Nagaraj Varun
Sen. VP Product Mgmt & Mktg.
Transactions
- Award
Perforamnce Shares
2013-06-10+25,000→ 25,000 totalExp: 2017-06-10→ Common Stock (25,000 underlying) - Exercise/Conversion
Performance Shares
2013-06-01−5,600→ 16,800 totalExp: 2016-06-11→ Common Stock (5,600 underlying) - Award
Employee Stock Option (Right to buy)
2013-06-10+100,000→ 100,000 totalExercise: $2.37Exp: 2023-06-10→ Common Stock (100,000 underlying) - Exercise/Conversion
Common Stock
2013-06-10+5,600→ 29,346 total - Tax Payment
Common Stock
2013-06-10$2.37/sh−2,054$4,868→ 27,292 total
Footnotes (4)
- [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 25,000 performance shares. 1/4th of such shares will vest on June 10, 2014 and on each one year anniversary thereafter.
- [F3]Pursuant to the Plan the Reporting Person was granted an option to buy 100,000 shares of Common Stock. 1/4th of such shares will vest on June 10, 2014 and on each one year anniversary thereafter.
- [F4]5,600 of the 22,400 shares granted to the Reporting Person under the Plan were vested and released to the Reporting Person effective June 11, 2013. Such 22,400 share grant vests at the following rate: 1/4th of such shares on June 11, 2013 and on each one year anniversary thereafter.
Issuer
ECHELON CORP
CIK 0000031347
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000031347
Filing Metadata
- Form type
- 4
- Filed
- Jun 11, 8:00 PM ET
- Accepted
- Jun 12, 4:38 PM ET
- Size
- 15.4 KB