SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Gianella Kenneth P.

(Last) (First) (Middle)
C/O SILVER SPRING NETWORKS, INC.
230 W. TASMAN DRIVE

(Street)
SAN JOSE CA 95134

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
06/10/2016
3. Issuer Name and Ticker or Trading Symbol
SILVER SPRING NETWORKS INC [ SSNI ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 742 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) (1) 08/10/2024 Common Stock 15,000 $9.67 D
Restricted Stock Units (2) (2) Common Stock 4,219 $0(3) D
Restricted Stock Units (4) (4) Common Stock 7,500 $0(3) D
Restricted Stock Units (5) (5) Common Stock 12,500 $0(3) D
Explanation of Responses:
1. The stock option vested as to 1/4th of the total number of shares on August 11, 2015 and thereafter vests as to 1/48th of the total number of shares in equal monthly installments.
2. 25% of the restricted stock units ("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.
3. Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
4. 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.
5. 25% of the RSUs vest on May 10, 2017 and thereafter vests quarterly as to 6.25% of the total RSUs beginning on August 10, 2017. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
/s/ Kenneth P. Gianella by Deanna Butler, Attorney-in-Fact 06/16/2016
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.