0001140361-17-020182.txt : 20170512 0001140361-17-020182.hdr.sgml : 20170512 20170512191432 ACCESSION NUMBER: 0001140361-17-020182 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170510 FILED AS OF DATE: 20170512 DATE AS OF CHANGE: 20170512 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: Ildeniz Aysegul CENTRAL INDEX KEY: 0001680044 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35828 FILM NUMBER: 17840609 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 2017-05-10 0 0001180079 SILVER SPRING NETWORKS INC SSNI 0001680044 Ildeniz Aysegul C/O SILVER SPRING NETWORKS, INC. 230 W. TASMAN DRIVE SAN JOSE CA 95134 0 1 0 0 Chief Operating Officer Restricted Stock Units 0 2017-05-10 4 A 0 24217 0 A Common Stock 24217 24217 D Performance Stock Unit 0 2017-05-10 4 A 0 14234 0 A Common Stock 14234 14234 D Each restricted stock unit ("RSU") or performance stock unit ("PSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration. 25% of the RSUs vest on May 10, 2018 and thereafter shall vest quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on August 10, 2018. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting. The PSUs will be eligible to vest based on the achievement of an internal financial performance metric, and if the performance metric is achieved thereafter the award is subject to time based vesting over 3 years with 1/3 vesting on each anniversary of the date of grant. Aysegul Ildeniz by Cecilia Hartwig, Attorney-in-Fact 2017-05-12