SEC Form 4 · accession 0001209191-17-003474
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
Jan 10, 2017
Accepted (ET)
Jan 12, 2017 · 2:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000031347
Table I — non-derivative securities
No Table I lines on this filing.
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 | — | Jan 10, 2017 | A | 79,052 | A | — | Mar 15, 2018 | Common Stock | 79,052 | 79,052 | D |
Explanation of responses
- F1Each performance share represents the right to receive one share of the Issuer's Common Stock.
- F2Pursuant to the Issuer's 2016 Equity Incentive Plan the Reporting Person was granted 79,052 performance shares. 100% of such shares will vest on March 15, 2018 subject to the satisfaction of certain performance criteria.