0001140361-17-020188.txt : 20170512
0001140361-17-020188.hdr.sgml : 20170512
20170512191752
ACCESSION NUMBER: 0001140361-17-020188
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: Vaswani Raj
CENTRAL INDEX KEY: 0001571608
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35828
FILM NUMBER: 17840619
MAIL ADDRESS:
STREET 1: 555 BROADWAY STREET
CITY: REDWOOD CITY
STATE: CA
ZIP: 94063
4
1
doc1.xml
FORM 4
X0306
4
2017-05-10
0
0001180079
SILVER SPRING NETWORKS INC
SSNI
0001571608
Vaswani Raj
C/O SILVER SPRING NETWORKS, INC.
230 W. TASMAN DRIVE
SAN JOSE
CA
95134
0
1
0
0
Co-Founder
Common Stock
2017-05-10
4
M
0
128
0
A
582249
D
Common Stock
2017-05-10
4
M
0
5625
0
A
587874
D
Common Stock
2017-05-10
4
F
0
2163
11.66
D
585711
D
Restricted Stock Units
0
2017-05-10
4
M
0
128
0
D
Common Stock
128
257
D
Restricted Stock Units
0
2017-05-10
4
M
0
5625
0
D
Common Stock
5625
16875
D
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
Vesting of restricted stock units ("RSUs") granted to the Reporting Person on November 20, 2013.
Vesting of RSUs granted to the Reporting Person on May 10, 2016.
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.
Each RSU or performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
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 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 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.
/s/ Raj Vaswani by Cecilia Hartwig, Attorney-in-Fact
2017-05-12