Filing Details
- Accession Number:
- 0001140361-16-086867
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-11-15 19:34:12
- Reporting Period:
- 2016-11-11
- Filing Date:
- 2016-11-15
- Accepted Time:
- 2016-11-15 19:34:12
- 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 |
|---|---|---|---|---|---|---|---|
| 1677143 | P. Kenneth Gianella | C/O Silver Spring Networks, Inc. 230 W. Tasman Drive San Jose CA 95134 | Chief Financial Officer | 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 | 2016-11-11 | 468 | $0.00 | 1,210 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2016-11-11 | 625 | $0.00 | 1,835 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-11-11 | 411 | $13.89 | 1,424 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2016-11-14 | 682 | $14.40 | 742 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| 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 | 2016-11-11 | 468 | $0.00 | 468 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2016-11-11 | 625 | $0.00 | 625 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,282 | No | 4 | M | Direct | ||
| 6,250 | No | 4 | M | Direct |
Footnotes
- Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on August 11, 2014, as previously reported on a Form 3 by the Reporting Person.
- Release and settlement of RSUs granted to the Reporting Person on May 11, 2015, as previously reported on a Form 3 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 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.
- The transaction reported on this line was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 26, 2016.
- Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- 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 11, 2016 and thereafter vests quarterly as to 6.25% of the total RSUs beginning on August 11, 2016. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
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