SEC Form 4 · accession 0001181431-15-005564
ECHELON CORP · ELON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Sege
Officer — Chairman, President and CEO · Director
Period of report
Mar 24, 2015
Accepted (ET)
Apr 3, 2015 · 3:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000031347
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 24, 2015 | G | 15,996 | $0.00 | D | 62,500 | D | |
| Common StockF1 | Mar 26, 2015 | G | 15,996 | $0.00 | A | 197,107 | I | See footnote |
| Common Stock | Apr 1, 2015 | J | 62,500 | $0.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares are held by the Ronald A. and Eugenia Sege TR U/T/A DTD 10/19/2010 (the "Sege Trust"), of which the Reporting Person and his spouse serve as co-trustees.
- F262,500 unvested shares acquired by the Reporting Person in August 2010 pursuant to a 125,000 share restricted stock award agreement under the Issuer's 1997 Stock Plan are forfeited and automatically transferred to and reacquired by the Company at no cost to the Company as required performance criteria were not satisfied to render such shares vested.