SILVER SPRING NETWORKS INC 4
4 · SILVER SPRING NETWORKS INC · Filed May 29, 2015
Insider Transaction Report
Form 4
SCHWARTZ JONATHAN I
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-05-27−16,704→ 0 totalExercise: $0.00→ Common Stock (16,704 underlying) - Exercise/Conversion
Common Stock
2015-05-27+16,704→ 27,415 total - Award
Restricted Stock Units
2015-05-27+20,135→ 20,135 totalExercise: $0.00→ Common Stock (20,135 underlying)
Footnotes (4)
- [F1]Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on June 6, 2014, the grant of which was previously reported on a Form 4 by the Reporting Person
- [F2]Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F3]The RSUs vest as to 100% of the shares at the earlier date of: (i) the Issuer's 2015 Annual Meeting of Stockholders or (ii) June 6, 2015.
- [F4]The RSUs vest as to 100% of the shares at the earlier date of: (i) the Issuer's 2016 Annual Meeting of Stockholders or (ii) May 27, 2016. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.