SEC Form 4 · accession 0001209191-16-127736
ECHELON CORP · ELON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alicia Jayne Moore
Officer — Sen. VP, General Counsel & Sec
Period of report
Jun 12, 2016
Accepted (ET)
Jun 14, 2016 · 4:53 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 StockF1,F2 | Jun 12, 2016 | M | 1,000 | — | A | 2,882 | D | |
| Common StockF1 | Jun 12, 2016 | F | 375 | $4.82 | D | 2,507 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1,F2,F3 | — | Jun 12, 2016 | M | 1,000 | D | — | Jun 12, 2017 | Common Stock | 1,000 | 1,000 | D |
Explanation of responses
- F1Such number reflects the 1-for-10 reverse stock split of the Issuer's common stock that occurred on December 7, 2015.
- F2Each performance share represents the right to receive one share of the Issuer's Common Stock.
- F31,000 of the 2,000 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective June 12, 2016. Such 2,000 share grant vests at the following rate: 1/2 of such shares on June 12, 2016 and on June 12, 2017.