4//SEC Filing
Gaglione Philippe 4
Accession 0001140361-17-032151
CIK 0001180079other
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 7:31 PM ET
Size
9.4 KB
Accession
0001140361-17-032151
Insider Transaction Report
Form 4
Gaglione Philippe
EVP, Research & Development
Transactions
- Tax Payment
Common Stock
2017-08-10$13.38/sh−1,762$23,576→ 23,518 total - Exercise/Conversion
Restricted Stock Units
2017-08-10−4,687→ 51,563 totalExercise: $0.00→ Common Stock (4,687 underlying) - Exercise/Conversion
Common Stock
2017-08-10+4,687→ 25,280 total
Footnotes (4)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on May 10, 2016.
- [F2]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 in this Form 4 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.
- [F3]Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F4]25% of the RSUs vested on May 10, 2017 and thereafter shall vest quarterly as to 1/16th of the total RSUs in equal installments with the first 1/16th vesting on August 10, 2017. 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 typeother
Related Parties
1- filerCIK 0001680040
Filing Metadata
- Form type
- 4
- Filed
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 7:31 PM ET
- Size
- 9.4 KB