SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HARRIS RUSSELL
(Last) (First) (Middle)
550 MERIDIAN AVE
(Street)
SAN JOSE CA 95126
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ECHELON CORP [ ELON ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior VP of Operations
3. Date of Earliest Transaction (Month/Day/Year)
09/05/2007
4. 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 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)
Code V Amount (A) or (D) Price
Common Stock 09/05/2007 M 17,500 A $8.19 17,500 D
Common Stock 09/05/2007 F 9,426 D $29.05 8,074 D
Common Stock 09/05/2007 M 10,315 A $12.91 18,389 D
Common Stock 09/05/2007 F 6,632 D $29.05 11,757 D
Common Stock 09/05/2007 S 1,934 D $29 9,823 D
Common Stock 09/05/2007 S 400 D $29.04 9,423 D
Common Stock 09/05/2007 S 200 D $29.05 9,223 D
Common Stock 09/06/2007 S 62 D $29.3 9,161 D
Common Stock 09/06/2007 S 100 D $29.25 9,061 D
Common Stock 09/06/2007 S 100 D $29.23 8,961 D
Common Stock 09/06/2007 S 100 D $29.22 8,861 D
Common Stock 09/06/2007 S 100 D $29.18 8,761 D
Common Stock 09/06/2007 S 918 D $29.16 7,843 D
Common Stock 09/06/2007 S 500 D $29.14 7,343 D
Common Stock 09/06/2007 S 100 D $29.13 7,243 D
Common Stock 09/06/2007 S 600 D $29.12 6,643 D
Common Stock 09/06/2007 S 100 D $29.11 6,543 D
Common Stock 09/06/2007 S 200 D $29.105 6,343 D
Common Stock 09/06/2007 S 700 D $29.1 5,643 D
Common Stock 09/06/2007 S 100 D $29.08 5,543 D
Common Stock 09/06/2007 S 100 D $29.07 5,443 D
Common Stock 09/06/2007 S 400 D $29.06 5,043 D
Common Stock 09/06/2007 S 100 D $29.05 4,943 D
Common Stock 09/06/2007 S 300 D $28.61 4,643 D
Common Stock 09/06/2007 S 400 D $28.57 4,243 D
Common Stock 09/06/2007 S 100 D $28.55 4,143 D
Common Stock 09/06/2007 S 500 D $28.52 3,643 D
Common Stock 09/06/2007 S 400 D $28.51 3,243 D
Common Stock 09/06/2007 S 3,243 D $28.5 0 D
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to buy) $8.19 09/05/2007 M 17,500 (1) 08/15/2010 Common Stock 17,500 $0 17,500 D
Employee Stock Option (Right to buy) $12.91 09/05/2007 M 10,315 (2) 05/21/2008 Common Stock 10,315 $0 0 D
Explanation of Responses:
1. The Reporting Person exercised 17,500 of the 35,000 share option granted on August 15, 2005. The option became exercisable at the rate of 1/4th of the shares on August 15, 2006 and as to 1/4th of the shares on each one year anniversary thereafter.
2. The Reporting Person exercised 10,315 of the 50,000 share option granted on May 21, 2003. Previous vesting was such that this 50,000 share option vested as to 1/4th of the shares on May 21, 2004 and as to 1/48th of the shares on each one month anniversary thereafter; however, on November 18, 2005 vesting was accelerated in full.
/s/ Oliver R. Stanfield, attorney-in-fact for Russell Harris 09/06/2007
** 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 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).
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