4//SEC Filing
Ildeniz Aysegul 4
Accession 0001140361-17-032152
CIK 0001180079other
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 7:32 PM ET
Size
9.4 KB
Accession
0001140361-17-032152
Insider Transaction Report
Form 4
Ildeniz Aysegul
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2017-08-10$13.38/sh−7,516$100,564→ 17,129 total - Exercise/Conversion
Common Stock
2017-08-10+20,000→ 24,645 total - Exercise/Conversion
Restricted Stock Units
2017-08-10−20,000→ 60,000 totalExercise: $0.00→ Common Stock (20,000 underlying)
Footnotes (4)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 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 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.
Documents
Issuer
SILVER SPRING NETWORKS INC
CIK 0001180079
Entity typeother
Related Parties
1- filerCIK 0001680044
Filing Metadata
- Form type
- 4
- Filed
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 7:32 PM ET
- Size
- 9.4 KB