MARKKULA ARMAS CLIFFORD 4
4 · ECHELON CORP · Filed Sep 17, 2018
Insider Transaction Report
Form 4
ECHELON CORPELON
MARKKULA ARMAS CLIFFORD
Director
Transactions
- Disposition to Issuer
Common Stock
2018-09-14−165,511→ 0 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2018-09-14−12,192→ 0 total(indirect: See footnote) - Disposition to Issuer
Director stock option (Right to buy)
2018-09-14−5,000→ 0 totalExercise: $4.51Exp: 2026-05-17→ Common Stock (5,000 underlying) - Disposition to Issuer
Director stock option (Right to buy)
2018-09-14−5,000→ 0 totalExercise: $7.18Exp: 2027-05-23→ Common Stock (5,000 underlying) - Disposition to Issuer
Director stock option (Right to buy)
2018-09-14−5,000→ 0 totalExercise: $4.16Exp: 2028-05-17→ Common Stock (5,000 underlying)
Footnotes (4)
- [F1]Disposed of 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 (the "Merger Agreement"), in exchange for a cash payment of $8.50 per share without interest thereon (the "Merger Consideration").
- [F2]The shares are held by the Restated Arlin Trust Dated December 12, 1990, of which the Reporting Person and his spouse serve as co-trustees.
- [F3]The shares are held by the Markkula Family Limited Partnership, of which the Reporting Person and his spouse serve as general partners. The Reporting Person and his spouse disclaim beneficial ownership of all but 2,750 shares.
- [F4]The option was cancelled pursuant to the Merger Agreement, in exchange for a cash payment equal to (x) the difference between the Merger Consideration and the per share exercise price of the option, multiplied by (y) the number of disposed option shares.