4//SEC Filing
Lang Scott A. 4
Accession 0001140361-17-032153
CIK 0001180079other
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 7:33 PM ET
Size
13.5 KB
Accession
0001140361-17-032153
Insider Transaction Report
Form 4
Lang Scott A.
DirectorChairman, President & CEO
Transactions
- Exercise/Conversion
Common Stock
2017-08-10+391→ 62,428 total - Tax Payment
Common Stock
2017-08-10$13.38/sh−122$1,632→ 62,306 total - Exercise/Conversion
Restricted Stock Units
2017-08-10−391→ 391 totalExercise: $0.00→ Common Stock (391 underlying)
Holdings
- 19,062(indirect: By Trust)
Common Stock
- 19,062(indirect: By Trust)
Common Stock
- 81,408(indirect: By Trust)
Common Stock
- 19,062(indirect: By Trust)
Common Stock
- 19,062(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on November 20, 2013.
- [F2]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 in this Form 4 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 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.
- [F3]Reporting Person is the Co-Trustee.
- [F4]Reporting Person's wife is the trustee and Reporting Person's child is the beneficiary of the trust.
- [F5]Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F6]25% of the RSUs vested on November 10, 2014 and thereafter vests quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on February 10, 2015. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
Documents
Issuer
SILVER SPRING NETWORKS INC
CIK 0001180079
Entity typeother
Related Parties
1- filerCIK 0001571601
Filing Metadata
- Form type
- 4
- Filed
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 7:33 PM ET
- Size
- 13.5 KB