SEC Form 4 · accession 0001209191-16-136940
ECHELON CORP · ELON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alicia Jayne Moore
Officer — SVP, Gen. Counsel & Sec
Period of report
Aug 12, 2016
Accepted (ET)
Aug 15, 2016 · 1:57 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 | Aug 12, 2016 | M | 1,125 | — | A | 3,632 | D | |
| Common Stock | Aug 12, 2015 | F | 422 | $4.95 | D | 3,210 | 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 | — | Aug 12, 2016 | M | 1,125 | D | — | Aug 12, 2017 | Common Stock | 1,125 | 1,125 | D |
Explanation of responses
- F1Each performance share represents the right to receive one share of the Issuer's Common Stock.
- F21,125 of the 4,500 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective August 12, 2016. Such 4,500 share grant vests at the following rate: 1/4th of such shares on August 12, 2014 and on each one year anniversary thereafter.