Jodoin Christopher Form 3 ECHELON / Christopher Jodoin ownership change

SEC Form 3

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^*

Jodoin Christopher

(Last) (First) (Middle)

2901 PATRICK HENRY DRIVE

(Street)

SANTA CLARA CA 95054

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/26/2016

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
VP, Operations & Planning

5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
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	2,327	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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
Employee Stock Option (Right to buy)	(1)	06/11/2017	Common Stock	1,500	31.7	D
Employee Stock Option (Right to buy)	(2)	06/10/2023	Common Stock	1,840	23.7	D
Employee Stock Option (Right to buy)	(3)	04/10/2025	Common Stock	5,600	9.66	D
Employee Stock Option (Right to buy)	(4)	06/12/2025	Common Stock	8,000	9.11	D
Performance Shares	(5)	06/10/2017	Common Stock	230	0.00	D
Performance Shares	(6)	04/10/2018	Common Stock	1,400	0.00	D
Performance Shares	(7)	06/12/2017	Common Stock	2,000	0.00	D

Explanation of Responses:

1. Pursuant to the Issuer's 1997 Stock Plan (the "Plan") the Reporting Person was granted an option to buy 1,500 shares of Common Stock. 1/4th of such shares will vest on June 11, 2013 and on each one year anniversary thereafter.

2. Pursuant to the Plan the Reporting Person was granted an option to buy 1,840 shares of Common Stock. 1/4th of such shares will vest on June 10, 2014 and on each one year anniversary thereafter.

3. Pursuant to the Plan the Reporting Person was granted an option to buy 5,600 shares of Common Stock. 1/3rd of such shares will vest on April 10, 2016 and 1/36th of such shares granted will vest monthly thereafter.

4. Pursuant to the Plan the Reporting Person was granted an option to buy 8,000 shares of Common Stock. 1/2 of such shares will vest on June 12, 2016 and 1/24th of such shares granted will vest monthly thereafter.

5. Pursuant to the Plan the Reporting Person was granted 460 performance shares on June 10, 2013, of which 230 shares have been released. 1/4th of the total shares granted vest on June 10, 2014 and on each one year anniversary thereafter.

6. Pursuant to the Plan the Reporting Person was granted 1,400 performance shares on April 10, 2015. 1/3rd of such shares will vest on April 10, 2016 and on each one year anniversary thereafter.

7. Pursuant to the Plan the Reporting Person was granted 2,000 performance shares on June 12, 2015. 1,000 shares will vest on June 12, 2016 and on June 12, 2017.

Remarks:

	/s/ Alicia J. Moore, attorney-in-fact for Christopher Jodoin	02/05/2016
	** 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).
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