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Filing Details

Accession Number:: 0001606268-19-000035
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-04-04 15:41:14
Reporting Period:: 2017-12-22

Accepted Time:: 2019-04-04 15:41:14
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1606268	Spark Energy Inc.	SPKE	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1582187	Iii Keith W Maxwell	12140 Wickchester Lane, Suite 100 Houston TX 77079	Yes	No	Yes	No
1664233	Retailco, Llc	12140 Wickchester Lane Suite 100 Houston TX 77079	No	No	Yes	No
1664236	Txex Energy Investments, Llc	12140 Wickchester Lane Suite 100 Houston TX 77079	No	No	Yes	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	Explanation
Class A Common Stock	Acquisiton	2017-12-22	300	$11.51	1,005,096	No	4	P	Direct
Class A Common Stock	Disposition	2018-05-03	373,000	$0.00	955,008	No	4	X	Indirect	See Footnotes
Class A Common Stock	Disposition	2018-08-02	51,000	$0.00	904,008	No	4	X	Indirect	See footnotes
Class A Common Stock	Acquisiton	2018-09-17	8,000	$8.29	1,020,596	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	X	Indirect	See Footnotes
No	4	X	Indirect	See footnotes
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Restricted Stock Unit	Disposition	2018-05-03	373,000	$0.00	373,000	$0.00
Class A Common Stock	Restricted Stock Unit	Disposition	2018-06-29	4,000	$0.00	4,000	$0.00
Class A Common Stock	Restricted Stock Unit	Disposition	2018-08-02	51,000	$0.00	51,000	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
57,000	No	4	X	Indirect
53,000	No	5	E	Indirect
2,000	No	4	X	Indirect

Footnotes

The purchase of Class A common stock reported herein by the reporting person may be matchable under Section 16(b) of the Securities and Exchange Act of 1934, as amended. The reporting person has agreed to disgorge any short swing profits associated with such matching transactions.
The price reported in Column 4, is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.50 to $11.5155, inclusive. The reporting person undertakes to provide to Spark Energy, Inc., any security holder of Spark Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
The number of shares of Class A common stock reported as holdings has been updated to reflect the unreported transaction, as well as other unreported transactions and amendments to existing Form 4s filed on or about the date hereof.
Held directly by Retailco, LLC ("Retailco") at time of vesting and settlement. Retailco is a wholly-owned subsidiary of TxEx Energy Investments, LLC, which is wholly owned by W. Keith Maxwell III. On November 13, 2018, the Class A Common Stock, par value $0.01 per share (the "Class A Common Stock") held by Retailco became directly owned by W. Keith Maxwell III, representing a change in the beneficial ownership. In future filings, these shares will be shown as held directly by W. Keith Maxwell III.
The price reported in Column 4, is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.275 to $8.3, inclusive. The reporting person undertakes to provide to Spark Energy, Inc., any security holder of Spark Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
On September 15, 2016, Retailco granted 430,000 restricted stock units ("RSUs") to employees of National Gas & Electric, LLC, a wholly owned subsidiary of Retailco. Each RSU represented an obligation of Retailco to deliver, and the recipient's right to receive, upon satisfaction of vesting conditions and without payment of consideration, one share of Class A Common Stock of Spark Energy, Inc., held by Retailco. The number of RSUs and shares of Class A Common Stock reported herein reflect a two-for-one stock split, which took effect on June 16, 2017.
The RSUs vested over one, two or three-year periods depending on the recipient's underlying award agreement. The initial vesting of 373,000 RSUs occurred on August 1, 2017 and those vested RSUs were settled on May 3, 2018. On June 29, 2018, 4,000 RSUs were forfeited. On August 2, 2018, 51,000 RSUs vested and were settled.