SILVER SPRING NETWORKS INC 4
4 · SILVER SPRING NETWORKS INC · Filed May 12, 2017
Insider Transaction Report
Form 4
Ildeniz Aysegul
Chief Operating Officer
Transactions
- Award
Performance Stock Unit
2017-05-10+14,234→ 14,234 totalExercise: $0.00→ Common Stock (14,234 underlying) - Award
Restricted Stock Units
2017-05-10+24,217→ 24,217 totalExercise: $0.00→ Common Stock (24,217 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") or performance stock unit ("PSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F2]25% of the RSUs vest on May 10, 2018 and thereafter shall vest quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on August 10, 2018. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
- [F3]The PSUs will be eligible to vest based on the achievement of an internal financial performance metric, and if the performance metric is achieved thereafter the award is subject to time based vesting over 3 years with 1/3 vesting on each anniversary of the date of grant.