0001140361-16-053639.txt : 20160217
0001140361-16-053639.hdr.sgml : 20160217
20160217162332
ACCESSION NUMBER: 0001140361-16-053639
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160212
FILED AS OF DATE: 20160217
DATE AS OF CHANGE: 20160217
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: Vaswani Raj
CENTRAL INDEX KEY: 0001571608
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35828
FILM NUMBER: 161433551
MAIL ADDRESS:
STREET 1: 555 BROADWAY STREET
CITY: REDWOOD CITY
STATE: CA
ZIP: 94063
4
1
doc1.xml
FORM 4
X0306
4
2016-02-12
0
0001180079
SILVER SPRING NETWORKS INC
SSNI
0001571608
Vaswani Raj
C/O SILVER SPRING NETWORKS, INC.
555 BROADWAY ST.
REDWOOD CITY
CA
94063
0
1
0
0
Chief Technology Officer
Common Stock
2016-02-12
4
M
0
735
0
A
572319
D
Common Stock
2016-02-12
4
F
0
322
10.9
D
571997
D
Common Stock
2016-02-16
4
S
0
158
10.78
D
571839
D
Restricted Stock Units
0
2016-02-12
4
M
0
735
0
D
Common Stock
735
6610
D
Release and settlement of restricted stock units ("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) 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.
The transaction reported on this line was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 20, 2015.
Each RSU represents a contingent right to receive one share of the Issuer's common stock.
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.
/s/ Raj Vaswani by Cecilia Hartwig, Attorney-in-Fact
2016-02-17