ECHELON CORP 4
4 · ECHELON CORP · Filed Mar 17, 2015
Insider Transaction Report
Form 4
ECHELON CORPELON
SLAKEY WILLIAM R
Executive VP and CFO
Transactions
- Tax Payment
Common Stock
2015-03-14$1.07/sh−6,814$7,325→ 42,030 total - Exercise/Conversion
Common Stock
2015-03-14+15,583→ 48,844 total - Exercise/Conversion
Performance Shares
2015-03-14−15,583→ 0 totalExp: 2015-03-14→ Common Stock (15,583 underlying)
Footnotes (2)
- [F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F2]15,583 of the 55,000 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective March 14, 2015. Such 55,000 share grant was subject to 100% vesting on March 14, 2014, subject to the satisfaction of certain performance criteria. Certain performance criteria were not met; therefore, the remaining 39,417 shares subject to the grant were cancelled effective March 14, 2015.