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Filing Details

Accession Number:: 0001140361-14-012826
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-03-14 18:46:54
Reporting Period:: 2014-03-12

Filing Date:: 2014-03-14
Accepted Time:: 2014-03-14 18:46:54
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2014-03-12	56,200	$0.00	84,903	No	4	M	Direct
Common Stock	Disposition	2014-03-12	21,078	$16.70	63,825	No	4	F	Direct
Common Stock	Disposition	2014-03-13	8,322	$17.11	55,503	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2014-03-12	56,200	$0.00	56,200	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,625			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	123,741	Indirect	Held by the Scott Lang and Karen-Schroeder Lang Revocable Trust of 2009, dtd December 28, 2009
Common Stock	21,593	Indirect	Held in Trust on Behalf of Reporting Person's Child A
Common Stock	21,593	Indirect	Held in Trust on Behalf of Reporting Person's Child B
Common Stock	21,593	Indirect	Held in Trust on Behalf of Reporting Person's Child C
Common Stock	21,593	Indirect	Held in Trust on Behalf of Reporting Person's Child D

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) - 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.
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 $17.49 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.
Reporting Person is the Co-Trustee.
Reporting Person's wife is the trustee and Reporting Person's child is the beneficiary of the trust.
Each RSU represents a contingent right to receive 1 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.