Lovit Andrew M 4
4 · ECHELON CORP · Filed Sep 17, 2018
Insider Transaction Report
Form 4
ECHELON CORPELON
Lovit Andrew M
SVP, Worldwide Sales
Transactions
- Disposition to Issuer
Restricted Stock Units
2018-09-14−60,000→ 0 totalExp: 2019-10-10→ Common Stock (60,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents the right to receive one share of the Issuer's Common Stock.
- [F2]The RSUs were cancelled pursuant to that certain Agreement and Plan of Merger between the Issuer, Adesto Technologies Corporation and Circuit Acquisition Corporation, dated as of June 28, 2018, in exchange for a cash payment of $8.50 per share, without interest thereon, multiplied by the number of disposed RSUs.