AXELSSON ANDERS 4
4 · ECHELON CORP · Filed Oct 24, 2012
Insider Transaction Report
Form 4
ECHELON CORPELON
AXELSSON ANDERS
Senior VP of Sales & Marketing
Transactions
- Exercise/Conversion
Common Stock
2012-10-23+3,750→ 85,153 total - Tax Payment
Common Stock
2012-10-23$3.52/sh−1,375$4,840→ 83,778 total - Exercise/Conversion
Perforrmance Shares
2012-10-23−3,750→ 0 totalExp: 2012-10-23→ Common Stock (3,750 underlying)
Footnotes (2)
- [F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F2]3,750 of the 15,000 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan were vested and released to the Reporting Person effective October 23, 2012. Such 15,000 share grant vests at the following rate: 1/4th of such shares on October 23, 2009 and on each one year anniversary thereafter.