SEC Form 4 · accession 0001209191-15-052856

ECHELON CORP · ELON

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chairman, CEO & President · Director

Period of report

Jun 10, 2015

Accepted (ET)

Jun 12, 2015 · 5:11 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^F1	Jun 10, 2015	M	7,500	—	A	7,500	D
Common Stock	Jun 10, 2015	F	2,818	$0.915	D	4,682	D
Common Stock^F1	Jun 11, 2015	M	9,375	—	A	14,057	D
Common Stock	Jun 11, 2015	F	3,523	$0.909	D	10,534	D
Common Stock^F2	holding	—	—		—	197,107	I	See footnote

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Shares^F1,F3	—	Jun 10, 2015	M	7,500	D	—	Jun 10, 2017	Common Stock	7,500	15,000	D
Performance Shares^F1,F4	—	Jun 11, 2015	M	9,375	D	—	Jun 11, 2016	Common Stock	9,375	9,375	D

F1Each performance share represents the right to receive one share of the Issuer's Common Stock.
F2These shares are held by the Ronald A and Eugenia Sege TR U/T/A DTD 10/19/2010, of which the Reporting Person and his spouse serve as co-trustees.
F37,500 of the 30,000 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan (the "Plan") were vested and released to the Reporting Person effective June 10, 2015. Such 30,000 share grant vests at the following rate: 1/4th of such shares on June 10, 2014 and on each one year anniversary thereafter.
F49,375 of the 37,500 shares granted to the Reporting Person under the Plan were vested and released to the Reporting Person effective June 11, 2015. Such 37,500 share grant vests at the following rate: 1/4th of such shares on June 11, 2013 and on each one year anniversary thereafter.