4//SEC Filing
Marszewski C. Michael 4
Accession 0001209191-18-051308
CIK 0000031347other
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 8:22 PM ET
Size
14.6 KB
Accession
0001209191-18-051308
Insider Transaction Report
Form 4
ECHELON CORPELON
Marszewski C. Michael
VP & Principal Acctg Officer
Transactions
- Disposition to Issuer
Common Stock
2018-09-14−18,830→ 0 total - Disposition to Issuer
Employee Stock Option (Right to buy)
2018-09-14−21,000→ 0 totalExercise: $5.22Exp: 2026-09-28→ Common Stock (21,000 underlying) - Disposition to Issuer
Performance Shares
2018-09-14−12,303→ 0 totalExp: 2019-03-15→ Common Stock (12,303 underlying) - Disposition to Issuer
Performance Shares
2018-09-14−10,500→ 0 totalExp: 2018-09-28→ Common Stock (10,500 underlying) - Disposition to Issuer
Restricted Stock Units
2018-09-14−30,000→ 0 totalExp: 2019-09-20→ Common Stock (30,000 underlying)
Footnotes (6)
- [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]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F3]The performance shares were cancelled pursuant to the Merger Agreement, in exchange for a cash payment equal to the Merger Consideration multiplied by the number of disposed performance shares.
- [F4]Each restricted stock unit ("RSU") represents the right to receive one share of the Issuer's Common Stock.
- [F5]The RSUs were cancelled pursuant to the Merger Agreement, in exchange for a cash payment equal to the Merger Consideration multiplied by the number of disposed RSUs.
- [F6]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.
Documents
Issuer
ECHELON CORP
CIK 0000031347
Entity typeother
Related Parties
1- filerCIK 0001534434
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 8:22 PM ET
- Size
- 14.6 KB