SEC Form 4 · accession 0001209191-17-026542
ECHELON CORP · ELON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C. Michael Marszewski
Officer — CFO and VP Finance
Period of report
Apr 10, 2017
Accepted (ET)
Apr 11, 2017 · 1:44 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 | Apr 10, 2017 | M | 333 | — | A | 8,968 | D | |
| Common STock | Apr 10, 2017 | F | 146 | $6.10 | D | 8,822 | 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 | — | Apr 10, 2017 | M | 333 | D | — | Apr 10, 2018 | Common Stock | 333 | 333 | D |
Explanation of responses
- F1Each performance share represents the right to receive one share of the Issuer's Common Stock.
- F2333 of the 1,000 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective April 10, 2017. Such 1,000 share grant vests at the following rate: 1/3 of such shares on April 10, 2016 and on each one year anniversary thereafter.