SEC Form 4 · accession 0001209191-15-065252
ECHELON CORP · ELON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Sege
Officer — Chairman, CEO & President · Director
Period of report
Jun 17, 2015
Accepted (ET)
Aug 11, 2015 · 4:37 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 | Jun 17, 2015 | G | 10,534 | $0.00 | D | 0 | D | |
| Common StockF1 | Jun 17, 2015 | G | 10,534 | $0.00 | A | 207,641 | I | See footnote |
| Common StockF2 | Aug 10, 2015 | M | 25,000 | — | A | 25,000 | D | |
| Common Stock | Aug 10, 2015 | F | 9,395 | $0.65 | D | 15,605 | 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,F3 | — | Aug 10, 2015 | M | 25,000 | D | — | Aug 10, 2015 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1These 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.
- F2Each performance share represents the right to receive one share of the Issuer's Common Stock.
- F325,000 of the 100,000 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective August 10, 2015. Such 100,000 share grant vests at the following rate: 1/4th of such shares on August 10, 2012 and on each one year anniversary thereafter.