Marszewski C. Michael 4

4 · ECHELON CORP · Filed Sep 17, 2018

Form 4

Period: 2018-09-14

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 total
Exercise: $5.22Exp: 2026-09-28→ Common Stock (21,000 underlying)
Disposition to Issuer
Performance Shares
2018-09-14−12,303→ 0 total
Exp: 2019-03-15→ Common Stock (12,303 underlying)
Disposition to Issuer
Performance Shares
2018-09-14−10,500→ 0 total
Exp: 2018-09-28→ Common Stock (10,500 underlying)
Disposition to Issuer
Restricted Stock Units
2018-09-14−30,000→ 0 total
Exp: 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

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