0001140361-17-032154.txt : 20170814
0001140361-17-032154.hdr.sgml : 20170814
20170814193449
ACCESSION NUMBER: 0001140361-17-032154
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170810
FILED AS OF DATE: 20170814
DATE AS OF CHANGE: 20170814
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Reeves Donald L. III
CENTRAL INDEX KEY: 0001571605
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35828
FILM NUMBER: 171032128
MAIL ADDRESS:
STREET 1: 555 BROADWAY STREET
CITY: REDWOOD CITY
STATE: CA
ZIP: 94063
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
4
1
doc1.xml
FORM 4
X0306
4
2017-08-10
0
0001180079
SILVER SPRING NETWORKS INC
SSNI
0001571605
Reeves Donald L. III
C/O SILVER SPRING NETWORKS, INC.
230 W. TASMAN DRIVE
SAN JOSE
CA
95134
0
1
0
0
Chief Technology Officer
Common Stock
2017-08-10
4
M
0
391
0
A
65625
D
Common Stock
2017-08-10
4
M
0
2109
0
A
67734
D
Common Stock
2017-08-10
4
M
0
7500
0
A
75234
D
Common Stock
2017-08-10
4
F
0
3759
13.38
D
71475
D
Restricted Stock Units
0
2017-08-10
4
M
0
391
0
D
Common Stock
391
391
D
Restricted Stock Units
0
2017-08-10
4
M
0
2109
0
D
Common Stock
2109
23204
D
Restricted Stock Units
0
2017-08-10
4
M
0
7500
0
D
Common Stock
7500
22500
D
Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on November 20, 2013, the grant of which was previously reported on a Form 4 by the Reporting Person.
Vesting of RSUs granted to the Reporting Person on May 10, 2016.
Vesting of RSUs granted to the Reporting Person on August 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 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 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 August 10, 2017 and thereafter vests quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on November 10, 2017. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
/s/ Donald L. Reeves, III by Cecilia Hartwig, Attorney-in-Fact
2017-08-14