FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 11/07/2011 |
3. Issuer Name and Ticker or Trading Symbol
ECHELON CORP [ ELON ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 23,109 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Appreciation Right | (1) | 12/17/2013 | Common Stock | 7,500 | $7.69 | D | |
Stock Appreciation Right | (2) | 12/17/2013 | Common Stock | 3,750 | $7.69 | D | |
Stock Appreciation Right | (3) | 12/17/2012 | Common Stock | 11,250 | $7.69 | D | |
Stock Appreciation Right | (4) | 12/17/2011 | Common Stock | 11,250 | $7.69 | D | |
Stock Appreciation Right | (5) | 05/14/2014 | Common Stock | 9,861 | $7.47 | D | |
Performance Shares | (7) | 05/27/2012 | Common Stock | 937 | (6) | D | |
Performance Shares | (8) | 10/23/2012 | Common Stock | 1,000 | (6) | D | |
Performance Shares | (9) | 05/26/2014 | Common Stock | 8,475 | (6) | D | |
Performance Shares | (10) | 08/10/2015 | Common Stock | 24,000 | (6) | D | |
Performance Shares | (11) | 05/14/2014 | Common Stock | 3,287 | (6) | D |
Explanation of Responses: |
1. Pursuant to the Issuer's 1997 Stock Plan (the "Plan") the Reporting Person was granted stock appreciation rights with respect to 7,500 shares on December 17, 2008. 1/4th of the total number of shares granted vest on December 17, 2009 and on each one year anniversary thereafter. |
2. Pursuant to the Plan the Reporting Person was granted stock appreciation rights with respect to 3,750 shares on December 17, 2008. 1/4th of the total number of shares granted vest on December 17, 2009 and on each one year anniversary thereafter. |
3. Pursuant to the Plan the Reporting Person was granted stock appreciation rights with respect to 11,250 shares on December 17, 2008. 1/3rd of the total number of shares granted vest on December 17, 2009 and on each one year anniversary thereafter. |
4. Pursuant to the Plan the Reporting Person was granted stock appreciation rights with respect to 11,250 shares on December 17, 2008. 1/2 of the total number of shares granted vest on December 17, 2009 and 1/2 of the shares vested on December 17, 2010. |
5. Pursuant to the Plan the Reporting Person was granted stock appreciation rights with respect to 9,861 shares on May 14, 2009. 1/4th of the total number of shares granted vest on May 14, 2010 and on each one year anniversary thereafter. |
6. Each performance share represents the right to receive one share of the Issuer's Common Stock. |
7. Pursuant to the Plan the Reporting Person was granted 3,750 performance shares on May 27, 2008, of which 2,813 shares have been released. 1/4th of the total number of shares granted vest on May 27, 2009 and on each one year anniversary thereafter. |
8. Pursuant to the Plan the Reporting Person was granted 4,000 performance shares on October 23, 2008, of which 3,000 shares have been released. 1/4th of the total number of shares granted vest on October 23, 2009 and on each one year anniversary thereafter. |
9. Pursuant to the Plan the Reporting Person was granted 11,300 performance shares on May 26, 2010, of which 2,825 shares have been released. 1/4th of the total number of shares granted vest on May 26, 2011 and on each one year anniversary thereafter. |
10. Pursuant to the Plan the Reporting Person was granted 24,000 performance shares on August 10, 2011. 1/4th of such shares vest on August 10, 2012 and on each one year anniversary thereafter. |
11. Pursuant to the Plan the Reporting Person was granted 3,287 performance shares on May 14, 2009. 1/4th of such shares vest on May 14, 2010 and on each one year anniversary thereafter and in each case subject to the satisfaction of certain performance criteria. |
/s/ Kathleen B. Bloch, attorney-in-fact for C. Michael Marszewski | 11/16/2011 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |