ECHELON CORP|4Jun 12, 4:39 PM ET

ECHELON CORP 4

4 · ECHELON CORP · Filed Jun 12, 2013

Form 4

Period: 2013-06-10

Sr. Vice President

Transactions

Tax Payment
Common Stock
2013-06-11$2.37/sh−1,606$3,806→ 48,616 total
Exercise/Conversion
Common Stock
2013-06-11+6,075→ 50,222 total
Exercise/Conversion
Performance Shares
2013-06-11−6,075→ 18,225 total
Exp: 2016-06-11→ Common Stock (6,075 underlying)
Award
Performance Shares
2013-06-10+22,000→ 22,000 total
Exp: 2017-06-10→ Common Stock (22,000 underlying)
Award
Employee Stock Option (Right to buy)
2013-06-10+88,000→ 88,000 total
Exercise: $2.37Exp: 2023-06-10→ Common Stock (88,000 underlying)

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 22,000 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 88,000 shares of Common Stock. 1/4th of such shares will vest on June 10, 2014 and on each one year anniversary thereafter.
[F4]6,075 of the 24,300 shares granted to the Reporting Person under the Plan were vested and released to the Reporting Person effective June 11, 2013. Such 24,300 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