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Filing Details

Accession Number:: 0001181431-11-033699
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-05-31 19:05:25
Reporting Period:: 2011-05-26

Filing Date:: 2011-05-31
Accepted Time:: 2011-05-31 19:05:25
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
31347	Echelon Corp	ELON	Computer Communications Equipment (3576)	770203595

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1078519	Kenneth M Oshman	550 Meridian Ave San Jose CA 95126	Executive Chairman	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-05-26	19,500	$0.00	19,500	No	4	M	Direct
Common Stock	Disposition	2011-05-26	7,152	$9.44	12,348	No	4	F	Direct
Common Stock	Acquisiton	2011-05-27	6,250	$0.00	18,598	No	4	M	Direct
Common Stock	Disposition	2011-05-27	2,292	$9.44	16,306	No	4	F	Direct
Common Stock	Disposition	2011-05-27	12,348	$0.00	3,958	No	5	G	Direct
Common Stock	Acquisiton	2011-05-27	12,348	$0.00	1,842,484	No	5	G	Indirect	See footnote
Common Stock	Disposition	2011-05-27	12,348	$9.41	1,830,136	No	4	S	Indirect	See footnote
Common Stock	Disposition	2011-05-31	3,958	$0.00	0	No	5	G	Direct
Common Stock	Acquisiton	2011-05-31	3,958	$0.00	1,834,094	No	5	G	Indirect	See footnote
Common Stock	Disposition	2011-05-31	3,958	$9.49	1,830,136	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	5	G	Direct
No	5	G	Indirect	See footnote
No	4	S	Indirect	See footnote
No	5	G	Direct
No	5	G	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Shares	Disposition	2011-05-26	19,500	$0.00	19,500	$0.00
Common Stock	Performance Shares	Disposition	2011-05-27	6,250	$0.00	6,250	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
58,500		2014-05-26	No	4	M	Direct
6,250		2012-05-27	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	210,492	Indirect	See footnote
Common Stock	210,492	Indirect	See footnote
Common Stock	89,508	Indirect	See footnote
Common Stock	89,508	Indirect	See footnote
Common Stock	98,107	Indirect	See footnote
Common Stock	98,107	Indirect	See footnote
Common Stock	268,638	Indirect	See footnote
Common Stock	268,638	Indirect	See footnote
Common Stock	488,428	Indirect	See footnote

Footnotes

These shares are held by the Oshman Trust dated July 10, 1979, of which the Reporting Person and his spouse, Barbara S. Oshman, serve as co-trustees.
These shares are held by the M. Kenneth Oshman 2010A Annuity Trust dated August 18, 2010.
These shares are held by the Barbara S. Oshman 2010A Annuity Trust dated August 18, 2010.
These shares are held by the M. Kenneth Oshman 2009A Annuity Trust dated August 4, 2009.
These shares are held by the Barbara S. Oshman 2009A Annuity Trust dated August 4, 2009.
These shares are held by the M. Kenneth Oshman 2010 Annuity Trust dated February 23, 2010.
These shares are held by the Barbara S. Oshman 2010 Annuity Trust dated February 23, 2010.
These shares are held by O-S Ventures, a general partnership, of which M. Kenneth Oshman is general partner.
These shares are held by the M. Kenneth Oshman 2011 Annuity Trust #1 dated February 25, 2011.
These shares are held by the Barbara S. Oshman 2011 Annuity Trust #1 dated February 25, 2011.
Each performance share represents the right to receive one share of the Issuer's Common Stock.
This trade was executed pursuant to a Rule 10b5-1 trading plan adopted on March 7, 2011.
19,500 of the 78,000 shares granted to M. Kenneth Oshman under the Issuer's 1997 Stock Plan (the "Plan") were vested and released to M. Kenneth Oshman effective May 26, 2011. Such 78,000 share grant vests at the following rate: 1/4th of such shares on May 26, 2011 and on each one year anniversary thereafter.
6,250 of the 25,000 shares granted to M. Kenneth Oshman under the Plan were vested and released to M. Kenneth Oshman effective May 27, 2011. Such 25,000 share grant vests at the following rate: 1/4th of such shares on May 27, 2009 and on each one year anniversary thereafter.
The 12,348 shares were sold through separate trades, with the sale prices ranging from $9.38 to $9.45 and at a weighted average sale price of $9.4142. M. Kenneth Oshman undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate sale price.
The 3,958 shares were sold through separate trades, with the sale prices ranging from $9.49 to $9.4925 and at a weighted average sale price of $9.4901. M. Kenneth Oshman undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate sale price.