0001140361-17-042914.txt : 20171114
0001140361-17-042914.hdr.sgml : 20171114
20171114195712
ACCESSION NUMBER: 0001140361-17-042914
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20171110
FILED AS OF DATE: 20171114
DATE AS OF CHANGE: 20171114
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stynes Theresa
CENTRAL INDEX KEY: 0001626430
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35828
FILM NUMBER: 171203575
MAIL ADDRESS:
STREET 1: 555 BROADWAY ST.
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
2017-11-10
0
0001180079
SILVER SPRING NETWORKS INC
SSNI
0001626430
Stynes Theresa
C/O SILVER SPRING NETWORKS, INC.
230 W. TASMAN DRIVE
SAN JOSE
CA
95134
0
1
0
0
Chief Human Resources Officer
Common Stock
2017-11-10
4
M
0
144
0
A
23749
D
Common Stock
2017-11-10
4
M
0
984
0
A
24733
D
Common Stock
2017-11-10
4
F
0
425
16.13
D
24308
D
Common Stock
2017-11-10
4
M
0
1791
14.9
A
26099
D
Common Stock
2017-11-10
4
M
0
5304
9.67
A
31403
D
Common Stock
2017-11-10
4
M
0
26666
9.6
A
58069
D
Common Stock
2017-11-10
4
M
0
13125
13.09
A
71194
D
Common Stock
2017-11-10
4
S
0
46886
16.1065
D
24308
D
Common Stock
2017-11-11
4
M
0
209
0
A
24517
D
Common Stock
2017-11-11
4
F
0
79
16.12
D
24438
D
Common Stock
2017-11-12
4
M
0
63
0
A
24501
D
Common Stock
2017-11-12
4
F
0
24
16.12
D
24477
D
Restricted Stock Units
0
2017-11-10
4
M
0
144
0
D
Common Stock
144
0
D
Restricted Stock Units
0
2017-11-10
4
M
0
984
0
D
Common Stock
984
9845
D
Employee Stock Option (right to buy)
14.9
2017-11-10
4
M
0
1791
0
D
2024-04-09
Common Stock
1791
209
D
Employee Stock Option (right to buy)
9.67
2017-11-10
4
M
0
5304
0
D
2024-08-10
Common Stock
5304
1396
D
Employee Stock Option (right to buy)
9.6
2017-11-10
4
M
0
26666
0
D
2025-03-09
Common Stock
26666
13334
D
Employee Stock Option (right to buy)
13.09
2017-11-10
4
M
0
13125
0
D
2026-05-09
Common Stock
13125
21875
D
Restricted Stock Units
0
2017-11-11
4
M
0
209
0
D
Common Stock
209
629
D
Restricted Stock Units
0
2017-11-12
4
M
0
63
0
D
Common Stock
63
125
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 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.
Represents the aggregate of sales effected on the same day at different prices.
Represents the weighted average sales price per share. The shares were sold at prices ranging from $16.10 to $16.115 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
Vesting of RSUs granted to the Reporting Person on August 11, 2014.
The price per share was based on the fair market value of the Issuer's common stock on the vesting and release date, which, because such date was a Saturday or Sunday, was the NYSE closing price on the last trading date immediately preceding the vesting and release date.
Vesting of RSUs granted to the Reporting Person on May 12, 2014.
Each RSU 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 beginning 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.
The stock option vests and becomes exercisable as to 1/4th of the total number of shares on the one-year anniversary of the vesting commencement date, and thereafter vests as to 1/48th of the total number of shares in equal monthly installments.
The stock option will vest as to 1/4th of the total number of shares on March 10, 2016 and thereafter shall vest as to 1/48th of the total number of shares in equal monthly installments.
The stock option will vest as to 1/4th of the total number of shares on May 10, 2017 and thereafter shall vest as to 1/48th of the total number of shares in equal monthly installments.
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 12, 2015 and thereafter vests quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on August 12, 2015. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
/s/ Theresa Stynes by Cecilia Hartwig, Attorney-in-Fact
2017-11-14