SEC Form 4 · accession 0001209191-17-053761
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
Sep 20, 2017
Accepted (ET)
Sep 22, 2017 · 5:27 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Sep 20, 2017 | A | 40,000 | A | — | Sep 20, 2019 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Each restricted stock unit 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 40,000 restricted stock units on September 20, 2017. 20,000 shares will vest on September 20, 2018 and 20,000 shares will vest on September 20, 2019.