SILVER SPRING NETWORKS INC 4
4 · SILVER SPRING NETWORKS INC · Filed May 30, 2017
Insider Transaction Report
Form 4
SCHWARTZ JONATHAN I
Director
Transactions
- Award
Restricted Stock Units
2017-05-25+20,431→ 20,431 totalExercise: $0.00→ Common Stock (20,431 underlying) - Exercise/Conversion
Common Stock
2017-05-25+16,569→ 64,119 total - Exercise/Conversion
Restricted Stock Units
2017-05-25−16,569→ 0 totalExercise: $0.00→ Common Stock (16,569 underlying)
Footnotes (4)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on June 2, 2016.
- [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 2017 Annual Meeting of Stockholders or (ii) June 2, 2017.
- [F4]The RSUs vest as to 100% of the shares at the earlier date of: (i) the Issuer's 2018 Annual Meeting of Stockholders or (ii) May 25, 2018. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.