Filing Details

Accession Number:
0001140361-13-042303
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-11-13 20:39:41
Reporting Period:
2013-11-10
Filing Date:
2013-11-13
Accepted Time:
2013-11-13 20:39:41
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1180079 Silver Spring Networks Inc SSNI Computer Communications Equipment (3576) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1571601 A. Scott Lang C/O Silver Spring Networks, Inc.
555 Broadway St.
Redwood City CA 94063
Chairman, President & Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-11-10 625 $0.00 28,328 No 4 M Direct
Common Stock Disposition 2013-11-10 235 $19.97 28,093 No 4 F Direct
Common Stock Disposition 2013-11-12 390 $19.20 27,703 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2013-11-10 625 $0.00 625 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
6,250 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 192,410 Indirect Held by the Scott Lang and Karen-Schroeder Lang Revocable Trust of 2009, dtd December 28, 2009
Common Stock 29,188 Indirect Held in Trust on Behalf of Reporting Person's Child A
Common Stock 29,188 Indirect Held in Trust on Behalf of Reporting Person's Child B
Common Stock 29,188 Indirect Held in Trust on Behalf of Reporting Person's Child C
Common Stock 29,188 Indirect Held in Trust on Behalf of Reporting Person's Child D
Footnotes
  1. Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on March 12, 2013, the grant of which was previously reported on a Form 4 by the Reporting Person.
  2. Exempt transaction pursuant to Section 16b-3(e) - 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 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.
  3. 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 Sunday, was the NYSE closing price on the last trading date immediately preceding the vesting and release date.
  4. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 30, 2013.
  5. Reporting Person is the Co-Trustee.
  6. Reporting Person's wife is the trustee and Reporting Person's child is the beneficiary of the trust.
  7. Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
  8. 25% of the RSUs vested on May 10, 2013 and thereafter vests quarterly as to 6.25% of the total RSUs beginning on August 10, 2013. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.