0001140361-16-086867.txt : 20161115 0001140361-16-086867.hdr.sgml : 20161115 20161115193412 ACCESSION NUMBER: 0001140361-16-086867 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161111 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: Gianella Kenneth P. CENTRAL INDEX KEY: 0001677143 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35828 FILM NUMBER: 162001091 MAIL ADDRESS: STREET 1: C/O SILVER SPRING NETWORKS, INC. STREET 2: 230 W. TASMAN DRIVE CITY: SAN JOSE STATE: CA ZIP: 95134 4 1 doc1.xml FORM 4 X0306 4 2016-11-11 0 0001180079 SILVER SPRING NETWORKS INC SSNI 0001677143 Gianella Kenneth P. C/O SILVER SPRING NETWORKS, INC. 230 W. TASMAN DRIVE SAN JOSE CA 95134 0 1 0 0 Chief Financial Officer Common Stock 2016-11-11 4 M 0 468 0 A 1210 D Common Stock 2016-11-11 4 M 0 625 0 A 1835 D Common Stock 2016-11-11 4 F 0 411 13.89 D 1424 D Common Stock 2016-11-14 4 S 0 682 14.4 A 742 D Restricted Stock Units 0 2016-11-11 4 M 0 468 0 D Common Stock 468 3282 D Restricted Stock Units 0 2016-11-11 4 M 0 625 0 D Common Stock 625 6250 D Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on August 11, 2014, as previously reported on a Form 3 by the Reporting Person. Release and settlement of RSUs granted to the Reporting Person on May 11, 2015, as previously reported on a Form 3 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 on this line 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 26, 2016. 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 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. 25% of the RSUs vested on May 11, 2016 and thereafter vests quarterly as to 6.25% of the total RSUs beginning on August 11, 2016. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting. /s/ Kenneth P. Gianella by Cecilia Hartwig, Attorney-in-Fact 2016-11-15