0001140361-16-086864.txt : 20161115
0001140361-16-086864.hdr.sgml : 20161115
20161115193124
ACCESSION NUMBER: 0001140361-16-086864
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161110
FILED AS OF DATE: 20161115
DATE AS OF CHANGE: 20161115
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: Arnold Richard S. Jr.
CENTRAL INDEX KEY: 0001571546
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35828
FILM NUMBER: 162001083
MAIL ADDRESS:
STREET 1: 555 BROADWAY STREET
CITY: REDWOOD CITY
STATE: CA
ZIP: 94063
4
1
doc1.xml
FORM 4
X0306
4
2016-11-10
0
0001180079
SILVER SPRING NETWORKS INC
SSNI
0001571546
Arnold Richard S. Jr.
C/O SILVER SPRING NETWORKS, INC.
230 W. TASMAN DRIVE
SAN JOSE
CA
95134
0
1
0
0
General Counsel & Secretary
Common Stock
2016-11-10
4
M
0
78
0
A
13194
D
Common Stock
2016-11-10
4
F
0
30
13.58
D
13164
D
Common Stock
2016-11-12
4
M
0
938
0
A
14102
D
Common Stock
2016-11-12
4
F
0
353
14.52
D
13749
D
Common Stock
2016-11-15
4
M
0
633
0
A
14382
D
Common Stock
2016-11-15
4
F
0
238
14.64
D
14144
D
Restricted Stock Units
0
2016-11-10
4
M
0
78
0
D
Common Stock
78
313
D
Restricted Stock Units
0
2016-11-12
4
M
0
938
0
D
Common Stock
938
5625
D
Restricted Stock Units
0
2016-11-15
4
M
0
633
0
D
Common Stock
633
1266
D
Vesting of restricted stock units ("RSUs") granted to the Reporting Person on November 20, 2013.
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.
Vesting of RSUs granted to the Reporting Person on May 12, 2014.
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, was the NYSE closing price on the last trading date immediately preceding the vesting and release date.
Release and settlement of RSUs granted to the Reporting Person on May 15, 2013, the grant of which was previously reported on a Form 4 by the Reporting Person.
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 November 10, 2014 and thereafter vests 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.
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.
25% of the RSUs vested on May 15, 2014 and thereafter vests quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on August 15, 2014. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
/s/ Richard S. Arnold, Jr. by Cecilia Hartwig, Attorney-in-Fact
2016-11-15