0001140361-16-064940.txt : 20160512 0001140361-16-064940.hdr.sgml : 20160512 20160512204605 ACCESSION NUMBER: 0001140361-16-064940 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160510 FILED AS OF DATE: 20160512 DATE AS OF CHANGE: 20160512 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: Stynes Theresa CENTRAL INDEX KEY: 0001626430 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35828 FILM NUMBER: 161645591 MAIL ADDRESS: STREET 1: 555 BROADWAY ST. CITY: REDWOOD CITY STATE: CA ZIP: 94063 4 1 doc1.xml FORM 4 X0306 4 2016-05-10 0 0001180079 SILVER SPRING NETWORKS INC SSNI 0001626430 Stynes Theresa C/O SILVER SPRING NETWORKS, INC. 555 BROADWAY ST. REDWOOD CITY CA 94063 0 1 0 0 VP, Human Resources Common Stock 2016-05-10 4 M 0 5729 0 A 15250 D Common Stock 2016-05-10 4 F 0 2185 13.09 D 13065 D Common Stock 2016-05-10 4 M 0 30 0 A 13095 D Common Stock 2016-05-10 4 M 0 144 0 A 13239 D Common Stock 2016-05-10 4 F 0 78 13.43 D 13161 D Common Stock 2016-05-11 4 M 0 210 0 A 13371 D Common Stock 2016-05-11 4 F 0 78 13.09 D 13293 D Restricted Stock Units 0 2016-05-10 4 M 0 30 0 D Common Stock 30 0 D Restricted Stock Units 0 2016-05-10 4 M 0 144 0 D Common Stock 144 863 D Employee Stock Option (right to buy) 13.09 2016-05-10 4 A 0 35000 0 A 2026-05-09 Common Stock 35000 35000 D Restricted Stock Units 0 2016-05-10 4 A 0 15750 0 A Common Stock 15750 15750 D Restricted Stock Units 0 2016-05-11 4 M 0 210 0 D Common Stock 210 1885 D Represents restricted stock units ("RSUs") awarded to the Reporting Person on May 10, 2016, pursuant to the Issuer's 2015 Corporate Bonus Plan, that vested in full and settled immediately upon grant. The shares of Common Stock were delivered to the Reporting Person upon settlement for no consideration. 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. Release and settlement of RSUs granted to the Reporting Person on March 12, 2013, which was previously reported on a Form 3 by the Reporting Person. Release and settlement of RSUs granted to the Reporting Person on November 20, 2013, which was previously reported on a Form 3 by the Reporting Person. Release and settlement of RSUs granted to the Reporting Person on August 11, 2014, which was previously reported on a Form 3 by the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's common stock. 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 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. 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. 25% of the RSUs vest 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. 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. /s/ Theresa Stynes by Cecilia Hartwig, Attorney-in-Fact 2016-05-12