SILVER SPRING NETWORKS INC 4
4 · SILVER SPRING NETWORKS INC · Filed Aug 12, 2016
Insider Transaction Report
Form 4
Ildeniz Aysegul
Chief Operating Officer
Transactions
- Award
Employee Stock Option (right to buy)
2016-08-10+120,000→ 120,000 totalExercise: $13.42Exp: 2026-08-09→ Common Stock (120,000 underlying) - Award
Restricted Stock Units
2016-08-10+80,000→ 80,000 totalExercise: $0.00→ Common Stock (80,000 underlying)
Footnotes (3)
- [F1]The stock option vests and becomes exercisable as to 1/4th of the total number of shares on August 10, 2017, and thereafter vests as to 1/48th of the total number of shares in equal monthly installments.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F3]25% of the RSUs vest on August 10, 2017 and thereafter vests quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on November 10, 2017. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.