0001140361-17-007548.txt : 20170214
0001140361-17-007548.hdr.sgml : 20170214
20170214201812
ACCESSION NUMBER: 0001140361-17-007548
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170210
FILED AS OF DATE: 20170214
DATE AS OF CHANGE: 20170214
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: 230 W. TASMAN DRIVE
CITY: SAN JOSE
STATE: CA
ZIP: 95134
BUSINESS PHONE: 669-770-4000
MAIL ADDRESS:
STREET 1: 230 W. TASMAN DRIVE
CITY: SAN JOSE
STATE: CA
ZIP: 95134
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bell Michael
CENTRAL INDEX KEY: 0001421857
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35828
FILM NUMBER: 17612481
MAIL ADDRESS:
STREET 1: C/O SILVER SPRING NETWORKS, INC.
STREET 2: 555 BROADWAY STREET
CITY: REDWOOD CITY
STATE: CA
ZIP: 94063
4
1
doc1.xml
FORM 4
X0306
4
2017-02-10
0
0001180079
SILVER SPRING NETWORKS INC
SSNI
0001421857
Bell Michael
C/O SILVER SPRING NETWORKS, INC.
230 W. TASMAN DRIVE
SAN JOSE
CA
95134
1
1
0
0
President & CEO
Common Stock
2017-02-10
4
M
0
7812
0
A
32274
D
Common Stock
2017-02-10
4
F
0
3191
13.00
D
29083
D
Restricted Stock Units
0
2017-02-10
4
M
0
7812
0
D
Common Stock
7812
85938
D
Vesting of restricted stock units ("RSUs") granted to the Reporting Person on November 10, 2015.
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.
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, 2016 and thereafter vest quarterly as to 6.25% of the total RSUs in equal installments with the first 6.25% vesting on February 10, 2017. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
/s/ Michael Bell by Cecilia Hartwig, Attorney-in-Fact
2017-02-14