SEC Form 4 · accession 0001209191-17-056511
ECHELON CORP · ELON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew M Lovit
Officer — SVP, Worldwide Sales
Period of report
Oct 10, 2017
Accepted (ET)
Oct 10, 2017 · 5:50 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 | — | Oct 10, 2017 | A | 60,000 | A | — | Oct 10, 2019 | Common Stock | 60,000 | 60,000 | 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 Inducement Equity Incentive Plan the Reporting Person was granted 60,000 restricted stock units on October 10, 2017. 30,000 shares will vest on October 10, 2018 and 30,000 shares will vest on October 10, 2019.