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Filing Details

Accession Number:: 0001140361-13-042301
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-11-13 20:28:50
Reporting Period:: 2013-11-10

Filing Date:: 2013-11-13
Accepted Time:: 2013-11-13 20:28:50
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
1571608	Raj Vaswani	C/O Silver Spring Networks, Inc. 555 Broadway St. Redwood City CA 94063	Chief Technology Officer	No	Yes	No	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
Common Stock	Acquisiton	2013-11-10	156	$0.00	479,025	No	4	M	Direct
Common Stock	Disposition	2013-11-10	59	$19.97	478,966	No	4	F	Direct
Common Stock	Disposition	2013-11-12	97	$19.20	478,869	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2013-11-10	156	$0.00	156	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,563			No	4	M	Direct

Footnotes

Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on March 12, 2013, 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 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 price per share was based on the fair market value of the Issuer's common stock on the vesting and release date, which, because such date was a Sunday, was the NYSE closing price on the last trading date immediately preceding the vesting and release date.
This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 31, 2013.
Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
25% of the RSUs vested on May 10, 2013 and thereafter vests quarterly as to 6.25% of the total RSUs beginning on August 10, 2013. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.