SILVER SPRING NETWORKS INC 4
4 · SILVER SPRING NETWORKS INC · Filed May 30, 2017
Insider Transaction Report
Form 4
Weiss Warren M
Director10% Owner
Transactions
- Award
Restricted Stock Units
2017-05-25+19,283→ 19,283 totalExercise: $0.00→ Common Stock (19,283 underlying) - Exercise/Conversion
Common Stock
2017-05-25+15,638→ 56,465 total - Exercise/Conversion
Restricted Stock Units
2017-05-25−15,638→ 0 totalExercise: $0.00→ Common Stock (15,638 underlying)
Holdings
- 10,307,012(indirect: By Foundation)
Common Stock
- 91,204(indirect: By LLC)
Common Stock
- 686(indirect: By LLC)
Common Stock
- 84,866(indirect: By LLC)
Common Stock
Footnotes (6)
- [F1]The Reporting Person is a managing member of Foundation Capital Management Co. IV, LLC. Foundation Capital Management Co. IV, LLC is the general partner of Foundation Capital IV, L.P., FC IV Active Advisors Fund, LLC and Foundation Capital IV Principals Fund, LLC. As such, the Reporting Person may be deemed to share voting and investment power over the shares owned by Foundation Capital IV, L.P., FC IV Active Advisors Fund, LLC and Foundation Capital IV Principals Fund, LLC. The Reporting Person disclaims beneficial ownership in the shares held by the aforementioned entities except to the extent of his pecuniary interest therein.
- [F2]The Reporting Person is a manager of Foundation Capital, LLC. Foundation Capital, LLC is under common control with Foundation Capital Management Co. IV, LLC. As such, the Reporting Person may be deemed to share voting and investment power over the shares owned by Foundation Capital IV, L.P., FC IV Active Advisors Fund, LLC and Foundation Capital IV Principals Fund, LLC. The Reporting Person disclaims beneficial ownership in the shares held by the aforementioned entities except to the extent of his pecuniary interest therein.
- [F3]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on June 2, 2016.
- [F4]Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F5]The RSUs vested in full on May 25, 2017.
- [F6]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.