0001140361-17-032382.txt : 20170815 0001140361-17-032382.hdr.sgml : 20170815 20170815212716 ACCESSION NUMBER: 0001140361-17-032382 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170812 FILED AS OF DATE: 20170815 DATE AS OF CHANGE: 20170815 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Vaswani Raj CENTRAL INDEX KEY: 0001571608 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35828 FILM NUMBER: 171035152 MAIL ADDRESS: STREET 1: 555 BROADWAY STREET CITY: REDWOOD CITY STATE: CA ZIP: 94063 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SILVER SPRING NETWORKS INC CENTRAL INDEX KEY: 0001180079 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 230 W. TASMAN DRIVE CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 669-770-4000 MAIL ADDRESS: STREET 1: 230 W. TASMAN DRIVE CITY: SAN JOSE STATE: CA ZIP: 95134 4 1 doc1.xml FORM 4 X0306 4 2017-08-12 0 0001180079 SILVER SPRING NETWORKS INC SSNI 0001571608 Vaswani Raj C/O SILVER SPRING NETWORKS, INC. 230 W. TASMAN DRIVE SAN JOSE CA 95134 0 1 0 0 Co-Founder Common Stock 2017-08-12 4 M 0 734 0 A 634727 D Common Stock 2017-08-12 4 F 0 276 12.95 D 634451 D Common Stock 2017-08-14 4 S 0 9611 12.9694 D 624840 D Restricted Stock Units 0 2017-08-12 4 M 0 734 0 D Common Stock 734 2204 D Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on May 12, 2014, the grant of which was previously reported on a Form 4 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 transaction reported on this line was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 28, 2017. 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 $12.84 to $13.01 per share. Full information regarding the number of shares sold 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. Each RSU represents a contingent right to receive one share of the Issuer's common stock. 25% of the RSUs vested on May 12, 2015 and thereafter vests quarterly as to 6.25% of the total RSUs with the first 6.25% vesting on August 12, 2015. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting. /s/ Raj Vaswani by Cecilia Hartwig, Attorney-in-Fact 2017-08-15