SEC Form 3 · accession 0001209191-15-044861
ECHELON CORP · ELON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher R. Dingley
Officer — VP Global Sales
Period of report
May 19, 2015
Accepted (ET)
May 20, 2015 · 3:13 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 | holding | — | — | — | 2,811 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF2,F1 | — | holding | — | — | — | — | Mar 10, 2018 | Common Stock | 15,000 | — | D |
| Employee Stock Option (Right to buy)F3 | $3.25 | holding | — | — | — | — | Mar 10, 2024 | Common Stock | 80,000 | — | D |
Explanation of responses
- F1Pursuant to the Issuer's 1997 Stock Plan (the "Plan") the Reporting Person was granted 20,000 performance shares on March 10, 2014, of which 5,000 have been released. 1/4th of the total number of shares granted vest on March 10, 2015 and on each one year anniversary thereafter.
- F2Each performance share represents the right to receive one share of the Issuer's Common Stock.
- F3Pursuant to the Plan the Reporting Person was granted an option to buy 80,000 shares of Common Stock on March 10, 2014. 1/4th of the total number of shares granted vest on March 10, 2015 and on each one year anniversary thereafter.