ECHELON CORP 4
4 · ECHELON CORP · Filed Jun 16, 2015
Insider Transaction Report
Form 4
ECHELON CORPELON
Dingley Christopher R.
VP Global Sales
Transactions
- Award
Employee Stock Option (Right to buy)
2015-06-12+40,000→ 40,000 totalExercise: $0.91Exp: 2025-06-12→ Common Stock (40,000 underlying) - Award
Performance Shares
2015-06-12+10,000→ 10,000 totalExp: 2017-06-12→ Common Stock (10,000 underlying)
Footnotes (3)
- [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 10,000 performance shares. 5,000 shares will vest on June 12, 2016 and on June 12, 2017.
- [F3]Pursuant to the Plan the Reporting Person was granted an option to buy 40,000 shares of Common Stock. 1/2 of such shares will vest on June 12, 2016 and 1/24th of such shares will vest on each one month anniversary thereafter.