SEC Form 4 · accession 0001606268-16-000278
Spark Energy, Inc. · SPKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
W Keith Maxwell III
Director · 10% Owner
Retailco, LLC
10% Owner
TxEx Energy Investments, LLC
10% Owner
Period of report
Jun 3, 2016
Accepted (ET)
Jun 7, 2016 · 5:41 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 StockF2,F3 | Jun 3, 2016 | S | 47,472 | $30.8749 | D | 163,874 | I | See footnote |
| Class A Common StockF4,F3 | Jun 6, 2016 | S | 88,826 | $31.3603 | D | 75,048 | I | See footnote |
| Class A Common StockF5,F3 | Jun 7, 2016 | S | 68,664 | $31.7622 | D | 6,384 | I | See footnote |
| Class A Common Stock | holding | — | — | — | 92,850 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sale of Class A Common Stock reported herein by Retailco, LLC ("Retailco") may be matchable under Section 16(b) of the Securities and Exchange Act of 1934, as amended, with the purchase by W. Keith Maxwell III, the indirect owner of Retailco, of shares of Class A Common Stock which occurred in the past six months. Prior to this sale, W. Keith Maxwell has agreed to pay Spark Energy, Inc. the full amount of the profit realized in connection with the short-swing transaction as soon as practicable after information is available for the highest sales price and lowest purchase price during the six month period in which this transaction occurs.
- F2The price reported in column 4 is a weighted average price. These shares were purchases in multiple transactions at prices ranging from $30.70 to $31.02, inclusive. The reporting person undertakes to provide to Spark Energy, Inc., any security holder of Spark Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- F3Held directly by Retailco. Retailco is a wholly owned subsidiary of TxEx Energy Investments, LLC, which is wholly owned by W. Keith Maxwell.
- F4The price reported in column 4 is a weighted average price. These shares were purchases in multiple transactions at prices ranging from $30.80 to $31.75, inclusive. The reporting person undertakes to provide to Spark Energy, Inc., any security holder of Spark Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- F5The price reported in column 4 is a weighted average price. These shares were purchases in multiple transactions at prices ranging from $31.58 to $32.075, inclusive. The reporting person undertakes to provide to Spark Energy, Inc., any security holder of Spark Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.