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.
To receive a free e-mail notification whenever Silver Spring Networks makes a similar move, sign up!
Other recent filings from the company include the following: