4//SEC Filing
Stynes Theresa 4
Accession 0001140361-17-042914
CIK 0001180079other
Filed
Nov 13, 7:00 PM ET
Accepted
Nov 14, 7:57 PM ET
Size
41.2 KB
Accession
0001140361-17-042914
Insider Transaction Report
Form 4
Stynes Theresa
Chief Human Resources Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-11-10−984→ 9,845 totalExercise: $0.00→ Common Stock (984 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2017-11-10−5,304→ 1,396 totalExercise: $9.67Exp: 2024-08-10→ Common Stock (5,304 underlying) - Exercise/Conversion
Restricted Stock Units
2017-11-11−209→ 629 totalExercise: $0.00→ Common Stock (209 underlying) - Exercise/Conversion
Restricted Stock Units
2017-11-12−63→ 125 totalExercise: $0.00→ Common Stock (63 underlying) - Exercise/Conversion
Restricted Stock Units
2017-11-10−144→ 0 totalExercise: $0.00→ Common Stock (144 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2017-11-10−13,125→ 21,875 totalExercise: $13.09Exp: 2026-05-09→ Common Stock (13,125 underlying) - Exercise/Conversion
Common Stock
2017-11-10+144→ 23,749 total - Exercise/Conversion
Common Stock
2017-11-10+984→ 24,733 total - Tax Payment
Common Stock
2017-11-10$16.13/sh−425$6,855→ 24,308 total - Exercise/Conversion
Common Stock
2017-11-10$14.90/sh+1,791$26,686→ 26,099 total - Exercise/Conversion
Common Stock
2017-11-10$9.67/sh+5,304$51,290→ 31,403 total - Exercise/Conversion
Common Stock
2017-11-10$9.60/sh+26,666$255,994→ 58,069 total - Exercise/Conversion
Common Stock
2017-11-10$13.09/sh+13,125$171,806→ 71,194 total - Sale
Common Stock
2017-11-10$16.11/sh−46,886$755,169→ 24,308 total - Exercise/Conversion
Common Stock
2017-11-11+209→ 24,517 total - Tax Payment
Common Stock
2017-11-11$16.12/sh−79$1,273→ 24,438 total - Exercise/Conversion
Common Stock
2017-11-12+63→ 24,501 total - Tax Payment
Common Stock
2017-11-12$16.12/sh−24$387→ 24,477 total - Exercise/Conversion
Employee Stock Option (right to buy)
2017-11-10−1,791→ 209 totalExercise: $14.90Exp: 2024-04-09→ Common Stock (1,791 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2017-11-10−26,666→ 13,334 totalExercise: $9.60Exp: 2025-03-09→ Common Stock (26,666 underlying)
Footnotes (16)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on November 20, 2013.
- [F10]25% of the RSUs vested on November 10, 2014 and thereafter vests quarterly as to 6.25% of the total RSUs beginning on February 10, 2015. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
- [F11]25% of the RSUs vested on May 10, 2017 and thereafter shall vest quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on August 10, 2017. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
- [F12]The stock option vests and becomes exercisable as to 1/4th of the total number of shares on the one-year anniversary of the vesting commencement date, and thereafter vests as to 1/48th of the total number of shares in equal monthly installments.
- [F13]The stock option will vest as to 1/4th of the total number of shares on March 10, 2016 and thereafter shall vest as to 1/48th of the total number of shares in equal monthly installments.
- [F14]The stock option will vest as to 1/4th of the total number of shares on May 10, 2017 and thereafter shall vest as to 1/48th of the total number of shares in equal monthly installments.
- [F15]25% of the RSUs vested on August 11, 2015 and thereafter vests quarterly as to 6.25% of the total RSUs beginning on November 11, 2015 . Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
- [F16]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.
- [F2]Vesting of RSUs granted to the Reporting Person on May 10, 2016.
- [F3]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.
- [F4]Represents the aggregate of sales effected on the same day at different prices.
- [F5]Represents the weighted average sales price per share. The shares were sold at prices ranging from $16.10 to $16.115 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- [F6]Vesting of RSUs granted to the Reporting Person on August 11, 2014.
- [F7]The price per share was based on the fair market value of the Issuer's common stock on the vesting and release date, which, because such date was a Saturday or Sunday, was the NYSE closing price on the last trading date immediately preceding the vesting and release date.
- [F8]Vesting of RSUs granted to the Reporting Person on May 12, 2014.
- [F9]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
Documents
Issuer
SILVER SPRING NETWORKS INC
CIK 0001180079
Entity typeother
Related Parties
1- filerCIK 0001626430
Filing Metadata
- Form type
- 4
- Filed
- Nov 13, 7:00 PM ET
- Accepted
- Nov 14, 7:57 PM ET
- Size
- 41.2 KB