0001140361-15-019484.txt : 20150513
0001140361-15-019484.hdr.sgml : 20150513
20150513214930
ACCESSION NUMBER: 0001140361-15-019484
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150512
FILED AS OF DATE: 20150513
DATE AS OF CHANGE: 20150513
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SILVER SPRING NETWORKS INC
CENTRAL INDEX KEY: 0001180079
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 555 BROADWAY ST.
CITY: REDWOOD CITY
STATE: CA
ZIP: 94063
BUSINESS PHONE: 650-298-4200
MAIL ADDRESS:
STREET 1: 555 BROADWAY ST.
CITY: REDWOOD CITY
STATE: CA
ZIP: 94063
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lang Scott A.
CENTRAL INDEX KEY: 0001571601
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35828
FILM NUMBER: 15860093
MAIL ADDRESS:
STREET 1: 555 BROADWAY STREET
CITY: REDWOOD CITY
STATE: CA
ZIP: 94063
4
1
doc1.xml
FORM 4
X0306
4
2015-05-12
0
0001180079
SILVER SPRING NETWORKS INC
SSNI
0001571601
Lang Scott A.
C/O SILVER SPRING NETWORKS, INC.
555 BROADWAY ST.
REDWOOD CITY
CA
94063
1
1
0
0
Chairman, President & CEO
Common Stock
2015-05-11
4
M
0
625
0
A
69837
D
Common Stock
2015-05-11
4
M
0
391
0
A
70228
D
Common Stock
2015-05-11
4
F
0
382
11.95
D
69846
D
Common Stock
2015-05-12
4
M
0
12500
0
A
82346
D
Common Stock
2015-05-12
4
F
0
4698
11.77
D
77648
D
Common Stock
111408
I
Held by the Scott Lang and Karen-Schroeder Lang Revocable Trust of 2009, dtd December 28, 2009
Common Stock
19062
I
Held in Trust on Behalf of Reporting Person's Child A
Common Stock
19062
I
Held in Trust on Behalf of Reporting Person's Child B
Common Stock
19062
I
Held in Trust on Behalf of Reporting Person's Child C
Common Stock
19062
I
Held in Trust on Behalf of Reporting Person's Child D
Restricted Stock Units
0
2015-05-11
4
M
0
625
0
D
Common Stock
625
2500
D
Restricted Stock Units
0
2015-05-11
4
M
0
391
0
D
Common Stock
391
3907
D
Restricted Stock Units
0
2015-05-11
4
A
0
9175
0
A
Common Stock
9175
9175
D
Restricted Stock Units
0
2015-05-12
4
M
0
12500
0
D
Common Stock
12500
37500
D
Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on March 12, 2013, the grant of which was previously reported on a Form 4 by the Reporting Person.
Release and settlement of RSUs granted to the Reporting Person on November 20, 2013, the grant of which was previously reported on a Form 4 by the Reporting Person.
Release and settlement of RSUs granted to the Reporting Person on May 12, 2014, the grant of which was previously reported on a Form 4 by the Reporting Person.
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.
Reporting Person is the Co-Trustee.
Reporting Person's wife is the trustee and Reporting Person's child is the beneficiary of the trust.
Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
25% of the RSUs vested on May 10, 2013 and thereafter vests quarterly as to 6.25% of the total RSUs beginning on August 10, 2013. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
25% of the RSUs vest on November 10, 2014 and thereafter shall vest quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on February 10, 2015. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
The RSUs are 100% vested upon grant. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
25% of the RSUs vest on May 12, 2015 and thereafter shall vest 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.
/s/ Scott A. Lang by Cecilia Hartwig, Attorney-in-Fact
2015-05-13