Marszewski C. Michael 4
4 · ECHELON CORP · Filed Mar 16, 2018
Insider Transaction Report
Form 4
ECHELON CORPELON
Marszewski C. Michael
VP & Principal Acctg Officer
Transactions
- Exercise/Conversion
Performance Shares
2018-03-15−3,458→ 0 totalExp: 2018-03-15→ Common Stock (3,458 underlying) - Exercise/Conversion
Common Stock
2018-03-15+3,458→ 19,596 total - Tax Payment
Common Stock
2018-03-15$4.67/sh−1,413$6,599→ 18,183 total
Footnotes (2)
- [F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F2]3,458 of the 13,834 shares granted to the Reporting Person under the Issuer's 2016 Equity Incentive Plan were vested and released to the Reporting Person effective March 15, 2018. Such 13,834 share grant was subject to 100% vesting on March 15, 2018, subject to the satisfaction of certain performance criteria. Certain performance criteria were not met, therefore, the remaining 10,376 shares subject to the grant were cancelled effective March 15, 2018.