4//SEC Filing
SILVER SPRING NETWORKS INC 4
Accession 0001140361-16-086867
CIK 0001180079operating
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 7:34 PM ET
Size
15.1 KB
Accession
0001140361-16-086867
Insider Transaction Report
Form 4
Gianella Kenneth P.
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2016-11-11+468→ 1,210 total - Exercise/Conversion
Common Stock
2016-11-11+625→ 1,835 total - Tax Payment
Common Stock
2016-11-11$13.89/sh−411$5,709→ 1,424 total - Sale
Common Stock
2016-11-14$14.40/sh+682$9,821→ 742 total - Exercise/Conversion
Restricted Stock Units
2016-11-11−468→ 3,282 totalExercise: $0.00→ Common Stock (468 underlying) - Exercise/Conversion
Restricted Stock Units
2016-11-11−625→ 6,250 totalExercise: $0.00→ Common Stock (625 underlying)
Footnotes (7)
- [F1]Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on August 11, 2014, as previously reported on a Form 3 by the Reporting Person.
- [F2]Release and settlement of RSUs granted to the Reporting Person on May 11, 2015, as previously reported on a Form 3 by the Reporting Person.
- [F3]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 on this line 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.
- [F4]The transaction reported on this line was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 26, 2016.
- [F5]Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F6]25% of the RSUs vested on August 11, 2015 and thereafter vests quarterly as to 6.25% of the total RSUs beginning on November 11, 2015. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
- [F7]25% of the RSUs vested on May 11, 2016 and thereafter vests quarterly as to 6.25% of the total RSUs beginning on August 11, 2016. 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
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 7:34 PM ET
- Size
- 15.1 KB