Edgar Filing: ECHELON CORP

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

SEGE RONALD

2. Issuer Name and Ticker or Trading Symbol
ECHELON CORP [ELON]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chairman, CEO & President

(Last)

(First)

(Middle)

2901 PATRICK HENRY DRIVE

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2016

(Street)

SANTA CLARA, CA 95054

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/10/2016		M		750 ⁽¹⁾	A	⁽²⁾	2,310 ⁽¹⁾	D
Common Stock	06/10/2016		F		281 ⁽¹⁾	D	$ 4.76	2,029 ⁽¹⁾	D
Common Stock	06/11/2016		M		937 ⁽¹⁾	A	⁽²⁾	2,966 ⁽¹⁾	D
Common Stock	06/11/2016		F		352 ⁽¹⁾	D	$ 4.82	2,614 ⁽¹⁾	D
Common Stock	06/12/2016		M		3,000 ⁽¹⁾	A	⁽²⁾	5,614 ⁽¹⁾	D
Common Stock	06/12/2016		F		1,127 ⁽¹⁾	D	$ 4.82	4,487 ⁽¹⁾	D
Common Stock								20,764 ⁽¹⁾	I	See footnote ⁽³⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Performance Shares

⁽²⁾

06/10/2016

750 ⁽¹⁾

⁽⁴⁾

06/10/2017

Common Stock

750 ⁽¹⁾

$ 0

750 ⁽¹⁾

Performance Shares

⁽²⁾

06/11/2016

937 ⁽¹⁾

⁽⁵⁾

06/11/2016

Common Stock

937 ⁽¹⁾

$ 0

Performance Shares

⁽²⁾

06/12/2016

3,000 ⁽¹⁾

⁽⁶⁾

06/12/2017

Common Stock

3,000 ⁽¹⁾

$ 0

3,000 ⁽¹⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SEGE RONALD 2901 PATRICK HENRY DRIVE SANTA CLARA, CA 95054	X		Chairman, CEO & President

Signatures

/s/ Alicia Jayne Moore, attorney-in-fact for Ronald A. Sege		06/14/2016
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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).
(1)	Such number reflects the 1-for-10 reverse stock split of the Issuer's common stock that occurred on December 7, 2015.
(2)	Each performance share represents the right to receive one share of the Issuer's Common Stock.
(3)	These shares are held by the Ronald A and Eugenia Sege TR U/T/A DTD 10/19/2010, of which the Reporting Person and his spouse serve as co-trustees.
(4)	750 of the 3000 shares granted to the Reporting Person under the Issuer's 1997 Stock Plan (the "Plan") were vested and released to the Reporting Person effective June 10, 2016. Such 3,000 share grant vests at the following rate: 1/4th of such shares on June 10, 2014 and on each one year anniversary thereafter.
(5)	937 of the 3,750 shares granted to the Reporting Person under the Plan were vested and released to the Reporting Person effective June 11, 2016. Such 3,750 share grant vests at the following rate: 1/4th of such shares on June 11, 2013 and on each one year anniversary thereafter.
(6)	3,000 of the 6,000 shares granted to the Reporting Person under the Plan were vested and released to the Reporting Person effective June 12, 2016. Such 6,000 share grant vests at the following rate: 1/2 of such shares on June 12, 2016 and on June 12, 2017.

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