SEC Form 4 · accession 0001209191-18-008045
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
Feb 5, 2018
Accepted (ET)
Feb 7, 2018 · 11:53 am 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 | — | Feb 5, 2018 | A | 70,299 | A | — | Mar 15, 2019 | Common Stock | 70,299 | 70,299 | 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 70,299 performance shares. 100% of such shares will vest on March 15, 2019 subject to the satisfaction of certain performance criteria.