Silver Spring Networks director was just granted 16,704 restricted shares


Jonathan I Schwartz, a director of Silver Spring Networks, just received 16,704 restricted shares from the company. The restricted shares don't become available to Schwartz until such time as they become vested. Schwartz now owns at least 16,704 restricted shares of the company.

Some additional info was provided as follows:

Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration. The RSUs shall vest as to 100% of the shares at the earlier date of: (i) the Issuer's 2015 Annual Meeting of Stockholders or (ii) June 6, 2015. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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Other recent filings from the company include the following:

Silver Spring: Costs Associated With Exit Or Disposal Activities - Sept. 16, 2014

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