4//SEC Filing
FINOCCHIO ROBERT J 4
Accession 0001209191-18-051310
CIK 0000031347other
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 8:23 PM ET
Size
12.0 KB
Accession
0001209191-18-051310
Insider Transaction Report
Form 4
ECHELON CORPELON
FINOCCHIO ROBERT J
Director
Transactions
- 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) - 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
Common Stock
2018-09-14−16,500→ 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)
Footnotes (3)
- [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 Robert J. and Susan H. Finocchio Family Trust dated January 9, 1990, for which the Reporting Person serves as a trustee.
- [F3]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 0001209880
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 8:23 PM ET
- Size
- 12.0 KB