Filing Details
- Accession Number:
- 0001140361-14-012822
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-03-14 18:43:33
- Reporting Period:
- 2014-03-12
- Filing Date:
- 2014-03-14
- Accepted Time:
- 2014-03-14 18:43:33
- 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 |
|---|---|---|---|---|---|---|---|
| 1571531 | P. Eric Dresselhuys | C/O Silver Spring Networks, Inc. 555 Broadway St. Redwood City CA 94063 | Evp, Global Development | No | 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 | 2014-03-12 | 30,000 | $0.00 | 44,762 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2014-03-12 | 11,274 | $16.70 | 33,488 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2014-03-13 | 8,326 | $17.11 | 25,162 | 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 | 2014-03-12 | 30,000 | $0.00 | 30,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 30,000 | No | 4 | M | Direct |
Footnotes
- 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.
- 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 transaction reported on this line was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 30, 2013.
- 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 $16.89 to $17.47 per share. Full information regarding the number of shares sold/purchased 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.
- Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
- 50% of the RSUs vested on the one-year anniversary of the date of the Issuer's initial public offering and the remaining 50% shall vest on the two-year anniversary of the date of the Issuer's initial public offering. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
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