4//SEC Filing
SILVER SPRING NETWORKS INC 4
Accession 0001140361-14-012823
CIK 0001180079operating
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 6:44 PM ET
Size
9.5 KB
Accession
0001140361-14-012823
Insider Transaction Report
Form 4
Gadre Anil P
EVP, Products and Marketing
Transactions
- Exercise/Conversion
Restricted Stock Units
2014-03-12−20,000→ 20,000 totalExercise: $0.00→ Common Stock (20,000 underlying) - Exercise/Conversion
Common Stock
2014-03-12+20,000→ 20,220 total - Tax Payment
Common Stock
2014-03-12$16.70/sh−7,662$127,955→ 12,558 total
Footnotes (4)
- [F1]Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on March 12, 2013, the grant of which was previously reported on a Form 4 by the Reporting Person.
- [F2]Exempt transaction pursuant to Section 16b-3(e) for payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished to the Issuer by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
- [F4]50% of the RSUs vested on the one-year anniversary of the date of the Issuer's initial public offering and the remaining 50% shall vest on the two-year anniversary of the date of the Issuer's initial public offering. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
Documents
Issuer
SILVER SPRING NETWORKS INC
CIK 0001180079
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001180079
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 6:44 PM ET
- Size
- 9.5 KB