ECHELON CORP 4

4 · ECHELON CORP · Filed Jun 12, 2013

Form 4

Period: 2013-06-03

Senior VP of Operations

Transactions

Tax Payment
Common Stock
2013-06-11$2.37/sh−1,659$3,932→ 2,866 total
Exercise/Conversion
Common Stock
2013-06-11+4,525→ 4,525 total
Gift
Common Stock
2013-06-03+4,908→ 49,634 total(indirect: See footnote)
Award
Employee Stock Option (Right to buy)
2013-06-10+76,000→ 76,000 total
Exercise: $2.37Exp: 2023-06-10→ Common Stock (76,000 underlying)
Gift
Common Stock
2013-06-03−4,908→ 0 total
Award
Performance Shares
2013-06-10+19,000→ 19,000 total
Exp: 2017-06-10→ Common Stock (19,000 underlying)
Exercise/Conversion
Performance Shares
2013-06-11−4,525→ 13,575 total
Exp: 2016-06-11→ Common Stock (4,525 underlying)

Holdings

Footnotes (6)

[F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
[F2]These shares are held by The Russell R. Harris 2004 Children's Trust dated April 22, 2004, of which the Reporting Person is the Settlor and his spouse is Trustee.
[F3]These shares are held by The Harris Living Trust dated March 22, 2004, of which the Reporting Person and his spouse, Jan Johnson Harris, serve as co-trustees.
[F4]Pursuant to the Issuer's 1997 Stock Plan (the "Plan") the Reporting Person was granted 19,000 performance shares. 1/4th of such shares will vest on June 10, 2014 and on each one year anniversary thereafter.
[F5]Pursuant to the Plan the Reporting Person was granted an option to buy 76,000 shares of Common Stock. 1/4th of such shares will vest on June 10, 2014 and on each one year anniversary thereafter.
[F6]4,525 of the 18,100 shares granted to the Reporting Person under the Plan were vested and released to the Reporting Person effective June 11, 2013. Such 18,100 share grant vests at the following rate: 1/4th of such shares on June 11, 2013 and on each one year anniversary thereafter.

Documents

1 file