SEC Form 4 · accession 0001606268-16-000255
Spark Energy, Inc. · SPKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Nathan Kroeker
Officer — President & CEO · Director
Period of report
May 18, 2016
Accepted (ET)
May 20, 2016 · 4:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001606268
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | May 18, 2016 | M | 4,073 | $0.00 | A | 35,397 | D | |
| Class A Common StockF2,F3 | May 18, 2016 | F | 1,116 | $29.915 | D | 34,281 | D | |
| Class A Common Stock | holding | — | — | — | 31,324 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | — | May 18, 2016 | M | 4,073 | D | — | — | Class A Common Stock | 4,073 | 40,555 | D |
| Restricted Stock UnitF4,F5 | — | May 18, 2016 | A | 25,000 | A | — | — | Class A Common Stock | 25,000 | 69,628 | D |
Explanation of responses
- F1The shares of Class A Common Stock reported represent shares issued as a result of vesting of 4,073 Restricted Stock Units ("RSU") on May 18, 2016.
- F2Payment for tax liability through the withholding of shares of Spark Energy, Inc. Class A Common Stock, par value $0.01 per share, vesting on May 18, 2016 in an amount equal to the requisite withholding obligation.
- F3Vesting price is based on the closing price of common stock on May 18, 2016, pursuant to the Spark Energy, Inc. Long Term Incentive Plan.
- F4Each RSU represents a right to receive, upon vesting, one share of Class A Common Stock of Spark Energy, Inc., cash, or a combination of both. Each RSU includes tandem dividend equivalents which will vest upon the same schedule referenced in footnote 5.
- F5The RSUs will vest ratably over four years commencing May 18, 2017.