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:
EVP of Silver Spring Networks just picked up 3,513 shares - Jan. 16, 2015
Chairman of Silver Spring Networks was just granted 250,000 options - Jan. 12, 2015
Silver Spring: Departure Of Directors Or Certain Officers; Election Of Directors; Appointment Of Certain Officers; Compensatory Arrangements Of Certain Officers - Jan. 9, 2015