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Filing Details

Accession Number:: 0001140361-17-009260
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-02-24 20:37:37
Reporting Period:: 2017-02-22

Filing Date:: 2017-02-24
Accepted Time:: 2017-02-24 20:37:37
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. 230 W. Tasman Drive San Jose CA 95134	Co-Founder	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	2017-02-22	11,991	$0.00	587,418	No	4	M	Direct
Common Stock	Disposition	2017-02-22	4,814	$12.63	582,604	No	4	F	Direct
Common Stock	Acquisiton	2017-02-23	25,778	$1.10	608,382	No	4	M	Direct
Common Stock	Disposition	2017-02-23	25,178	$11.68	583,204	No	4	S	Direct
Common Stock	Disposition	2017-02-23	600	$12.40	582,604	No	4	S	Direct
Common Stock	Disposition	2017-02-23	483	$12.51	582,121	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	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	Employee Stock Option (Right to Buy)	Disposition	2017-02-23	25,778	$0.00	25,778	$1.10

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
77,334		2017-05-31	No	4	M	Direct

Footnotes

Represents restricted stock units ("RSUs") awarded to the Reporting Person on February 22, 2017, pursuant to the Issuer's 2016 Corporate Bonus Plan, that vested in full and settled immediately upon grant. The shares of Common Stock were delivered to the Reporting Person upon settlement for no consideration.
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 line for any reason other than to cover required taxes.
The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 30, 2016.
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 $11.36 to $12.35 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.
Represents the weighted average sales price per share. The shares were sold at prices ranging from $12.36 to $12.51 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.
The stock option grant has fully vested and is immediately exercisable.