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