Lang Scott A. 4

4 · SILVER SPRING NETWORKS INC · Filed Aug 15, 2017

Form 4

Period: 2017-08-12

DirectorChairman, President & CEO

Transactions

Exercise/Conversion
Common Stock
2017-08-12+3,125→ 65,431 total
Tax Payment
Common Stock
2017-08-12$12.95/sh−1,010$13,080→ 64,421 total
Other
Common Stock
2017-08-14$11.13/sh+1,000$11,127→ 65,421 total
Exercise/Conversion
Restricted Stock Units
2017-08-12−3,125→ 9,375 total
Exercise: $0.00→ Common Stock (3,125 underlying)

Holdings

Footnotes (7)

[F1]Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on May 12, 2014.
[F2]Exempt transaction pursuant to Section 16b-3(e) - 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 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]Exempt transaction pursuant to Rule 16b-3(c) and Rule 16b-3(d). These shares were acquired by the Reporting Person under the Issuer's employee stock purchase plan.
[F4]Reporting Person is the Co-Trustee.
[F5]Reporting Person's wife is the trustee and Reporting Person's child is the beneficiary of the trust.
[F6]Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
[F7]25% of the RSUs vested on May 12, 2015 and thereafter vests quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on August 12, 2015. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.

Documents

1 file